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

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

TransAlta Reports Second Quarter 2018 Results

August 3, 2018 8:00 AM EDT

CALGARY, Aug. 3, 2018 /PRNewswire/ -

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.

Year-to-Date 2018 Financial and Operating Highlights

Free cash flow increased $209 million to $334 million compared to the same period last year; Net debt lower by $345 million in the first six months, resulting in Net Debt / EBITDA ratio of 3.0x Acquired two construction ready wind projects in the United States... More