Transalta Corp. (TAC) Reports Q2 Loss of $0.36, Revenues Miss

Transalta Corp. (NYSE: TAC) reported Q2 EPS of ($0.36), versus $0.00 reported last year. Revenue for the quarter came in at $446 million versus the consensus estimate of $506.52 million.

Second Quarter 2018 Financial Highlights

• Funds from operations were $188 million, in line with the same period last year; and
• Free cash flow was $96 million compared to $30 million in 2017, a 220% increase.

"Cash flows were stronger than we expected for the first half of the year due to exceptional performance from the Alberta hydro assets," said Dawn Farrell, President and Chief Executive Officer. "Subsequent to the quarter, we retired our $400 million bond and now have one of the strongest balance sheets in the industry."

For earnings history and earnings-related data on Transalta Corp. (TAC) click here.

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