TransAlta Reports Second Quarter 2019 Results

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Transalta Corp. (TAC) Reports Q2 EPS of $0.55, Revenues Miss

August 9, 2019 7:02 AM EDT

Transalta Corp. (NYSE: TAC) reported Q2 EPS of $0.55, versus $0.65 reported last year. Revenue for the quarter came in at $497 million versus the consensus estimate of $506.52 million.

The Pioneer Pipeline transported first gas four months ahead of schedule to TransAlta's generating units at Sundance and KeephillsOn July 4, 2019, TransAlta issued final notice to proceed ("FNTP") for the coal-to-gas conversion on Sundance Unit 6 with a target to complete the conversion by the second half of 2020Signed an agreement to purchase a 49% interest in the... More