Transalta Corp. (TAC) Reports Q2 Loss of Cdn$0.22 on Revenues of Cdn$437M

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Go back to Transalta Corp. (TAC) Reports Q2 Loss of Cdn$0.22 on Revenues of Cdn$437M

TransAlta Reports Solid Second Quarter 2020 Results

July 31, 2020 7:20 AM EDT

CALGARY, AB, July 31, 2020 /PRNewswire/ -

Second Quarter 2020 Highlights

Comparable EBITDA of $217 million in line with 2019 Free cash flow ("FCF") of $91 million or $0.33 per share, a 94% increase on a per share basis compared to $49 million or $0.17 per share of FCF for the same period in 2019 Adjusted availability was 90.7% compared to 83.8% for the same period in 2019 Completed the acquisition of a 29 MW contracted cogeneration facility located in Michigan ("Ada") for a purchase price of approximately US$27 million Entered into a sale agreement for the sale of the... More