TransAlta (TSE:TA) has released an update.
TransAlta Corporation showcased a robust financial performance in the second quarter of 2024, with free cash flow per share of $0.57, attributed to effective hedging and asset optimization strategies. Despite a challenging market environment, the company achieved an adjusted EBITDA of $312 million and strong operational availability, while also progressing in its renewable energy portfolio with the operation of two new wind facilities. TransAlta remains committed to enhancing shareholder value, having returned $89 million to shareholders through its share repurchase program, representing 59% of its 2024 target.
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