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Transalta Corp. (TSE:TA)
TSX:TA
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
-0.27Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 45.07%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
TransAlta showcased strong financial performance and strategic advancements, particularly in its Energy Marketing segment and liquidity position. However, challenges such as declining spot prices in Alberta, the temporary mothballing of Sundance Unit 6, and higher cash taxes were noted. The company remains optimistic about future opportunities, with a focus on legacy thermal sites and ongoing share repurchases.Company Guidance
During the TransAlta Corporation's third-quarter 2024 earnings call, several key financial metrics and strategic insights were highlighted. The company achieved an adjusted EBITDA of $325 million and generated a free cash flow of $140 million or $0.47 per share, with their average fleet availability reaching 94.5%. TransAlta maintained a robust liquidity position with over $1.8 billion, including approximately $400 million in cash, which supports their capital allocation priorities such as completing the 2024 enhanced share repurchase program and funding the Heartland Generation acquisition. The company strategically decided to mothball Sundance Unit 6 by April 2025, deferring significant capital expenditure while preserving the unit for future opportunities. For the remainder of 2024, TransAlta anticipates delivering results towards the upper end of their adjusted EBITDA and free cash flow guidance, despite larger planned outages in the fourth quarter. Looking ahead, TransAlta expressed confidence in their 2025 outlook, supported by a solid hedge position, full-year contributions from new wind assets, and ongoing strategic initiatives at their legacy thermal sites.Strong Financial Performance
TransAlta delivered adjusted EBITDA of $325 million and free cash flow of $140 million, demonstrating strong operational capabilities with an average fleet availability of 94.5%.
Available Liquidity
The company maintains a strong balance sheet with over $1.8 billion in available liquidity, including approximately $400 million in cash.
Energy Marketing Segment Growth
The Energy Marketing segment delivered exceptional performance with adjusted EBITDA of $54 million, an increase of $41 million year-over-year due to positive market volatility.
Continued Share Buyback Program
TransAlta has returned $114 million to shareholders through share repurchases, achieving 75% of its 2024 target.
Focus on Legacy Thermal Sites
The company is advancing opportunities at its legacy thermal sites in Alberta and Washington State, with potential for significant expansion and repowering.
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TSE:TA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | C$14.26 | C$15.24 | +6.92% |
| Aug 01, 2024 | C$10.31 | C$11.19 | +8.56% |
| May 03, 2024 | C$9.09 | C$9.52 | +4.66% |
| Feb 23, 2024 | C$9.21 | C$9.69 | +5.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Transalta Corp. (TSE:TA) report earnings?
Transalta Corp. (TSE:TA) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Transalta Corp. (TSE:TA) earnings time?
Transalta Corp. (TSE:TA) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TA EPS forecast?
TSE:TA EPS forecast for the fiscal quarter 2024 (Q4) is 0.12.
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