Transalta Corp. (TAC) Tops Q1 EPS by 10c, Revenues Beat

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Go back to Transalta Corp. (TAC) Tops Q1 EPS by 10c, Revenues Beat

TransAlta Reports First Quarter 2020 Results and Reaffirms 2020 Outlook

May 12, 2020 7:00 AM EDT

CALGARY, May 12, 2020 /PRNewswire/ -

First Quarter 2020 Highlights

Generated $109 million or $0.39 per share of free cash flow ("FCF") in the quarter compared to $95 million or $0.33 per share of FCF for the same period in 2019, an 18 per cent increase per share; Adjusted availability was 92.8 per cent compared to 89.4 per cent for the same period in 2019; Our partners on the Sheerness joint venture plant completed a planned outage to convert one of the units to have dual-fuel capabilities; Entered into a Letter of Intent to sell the Pioneer... More