Transalta Corp. (TAC) Tops Q3 EPS by 18c, Revenues Beat

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TransAlta Reports Solid Third Quarter 2019 Results and Revises Upward Full Year Outlook

November 7, 2019 7:09 AM EST

Financial and Operating Highlights

$305 million of comparable EBITDA for the quarter. Excluding PPA Settlements (one-time additional amount of $56 million), comparable EBITDA was $249 million and in line with 2018; $741 million of comparable EBITDA for the nine months ended Sept. 30, 2019. Excluding PPA Settlements, comparable EBITDA was $685 million, 7% lower than 2018; $170 million of free cash flow ("FCF") for the quarter. FCF from ongoing operations was $114 million, a 21% increase to 2018 FCF; $314 million of FCF for the nine months ended Sept. 30, 2019. Excluding the PPA Settlements, FCF was $258 million, 4% lower than 2018; $114 million of operations,... More