TransAlta Stock Price, News & Analysis

TransAlta Corporation (TAC) announced a quarterly dividend of $0.05 per share, payable on April 1, 2022, for shareholders recorded by March 1, 2022. Additionally, dividends for its Series A, B, C, E, and G preferred shares were declared, with payment scheduled for March 31, 2022. Notably, Series A has a rate of 2.877% and Series E boasts 5.194%. All figures are in Canadian dollars. This move reflects the company's commitment to delivering value to its shareholders.

TransAlta reported strong Q3 2021 results, achieving comparable EBITDA of $381 million, up 49% year-over-year, and free cash flow of $189 million or $0.70 per share, a 79% increase. The Hydro and Alberta Thermal segments contributed significantly, with EBITDA rising by $54 million and $57 million respectively. However, net loss for the quarter amounted to $456 million, driven by asset impairments following project suspensions. The company announced an 11% dividend increase and plans to invest $3 billion in renewable capacity.

TransAlta Corporation (NYSE: TAC) announced its participation in the Powering the World Past Coal event at COP26, where it joined the Powering Past Coal Alliance. TransAlta aims to enhance its renewable capacity by two gigawatts over five years, with significant reductions in greenhouse gas emissions already achieved, down 61% from 2005 levels. By 2030, the company targets a 70% reduction. TransAlta's coal transition includes ending all coal generation in Canada by 2021 and converting substantial capacity to gas-fired generation.

The Board of Directors of TransAlta Corporation (TAC) has declared quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from September 30, 2021, to December 31, 2021. The dividends include:

• Series A: $0.17981; Dividend Rate: 2.877%
• Series B: $0.13970; Dividend Rate: 2.217%
• Series C: $0.25169; Dividend Rate: 4.027%
• Series E: $0.32463; Dividend Rate: 5.194%
• Series G: $0.31175; Dividend Rate: 4.988%

Record date for all series is December 1, 2021, with payment scheduled for December 31, 2021.

TransAlta Corporation (NYSE: TAC) will announce its third quarter 2021 results on November 9, 2021, before market opening. A conference call for investors and analysts will take place on the same day at 9:00 AM MT (11:00 AM ET). TransAlta Renewables will also present its Q3 results during this call. Interested participants can join via a toll-free number or through a webcast, with related materials available on TransAlta's Investor Centre. This advisory underscores the company's commitment to transparency and shareholder engagement.

TransAlta Corporation (NYSE: TAC) has set ambitious growth targets, aiming for 2 GW of new renewable capacity with a $3 billion investment by 2025. The company plans to accelerate its focus on customer-centered renewables and storage through a 3 GW development pipeline and has approved an 11% increase in its quarterly dividend to $0.05, payable on January 1, 2022. TransAlta is committed to being coal-free by 2025, aiming for a 70% reduction in carbon emissions by 2030 from 2005 levels. However, it has suspended the Sundance Unit 5 repowering due to escalating costs.

TransAlta reported a strong second quarter 2021, achieving comparable EBITDA of $302 million, a 39% increase year-over-year. Free cash flow rose 52% to $138 million or $0.51 per share. Hydro and Alberta Thermal segments led the growth, with EBITDA contributions of $96 million and $85 million, respectively. Adjusted availability decreased to 84.8% due to major maintenance. The company enhanced its 2021 outlook, projecting comparable EBITDA of $1.1 to $1.2 billion and free cash flow of $440 to $515 million.

On August 5, 2021, TransAlta Corporation (TAC) announced a quarterly dividend of $0.0450 per common share, payable on October 1, 2021, to shareholders of record by September 1, 2021. Additionally, dividends for its Cumulative Redeemable Rate Reset First Preferred Shares were declared, with rates and amounts varying by series:

• Series A: $0.17981 (Payment Date: September 30, 2021)
• Series B: $0.13479 (Payment Date: September 30, 2021)
• Series C: $0.25169 (Payment Date: September 30, 2021)
• Series E: $0.32463 (Payment Date: September 30, 2021)
• Series G: $0.31175 (Payment Date: September 30, 2021)

All amounts are in Canadian dollars.

TransAlta Corporation (TAC) has completed the second of three coal-to-gas conversions at its Alberta facilities, reducing CO₂ emissions significantly. The $31.5 million conversion of Keephills Unit 2 (KH2) is part of a broader $96 million investment aimed at transitioning to 100% clean electricity by the end of 2021. This project aligns with TransAlta's goal to cut annual greenhouse gas emissions by 60% by 2030. The conversion not only maintains generation capacity but also creates approximately 800 jobs, benefiting the local economy.