TransAlta Stock Price, News & Analysis

TransAlta Corporation (TAC) is set to announce its fourth quarter 2021 results on February 24, 2022, before market open. A conference call will follow at 9:00 a.m. MT, allowing stakeholders to discuss the results. TransAlta Renewables will also report its results on the same day. Investors and analysts can participate in the call and access materials through the Investor Centre on TransAlta's website. The company, a major energy provider in Canada, focuses on delivering sustainable and efficient power while aligning its goals with the UN Sustainable Development Goals.

TransAlta Corporation (TAC) has announced its financial outlook for 2022, projecting a Comparable EBITDA between $1.065 billion and $1.185 billion, with Free Cash Flow expected to be in the range of $455 million to $555 million. The company aims to achieve a 75% reduction in emissions by 2026 and is progressing with its Clean Electricity Growth Plan, planning to invest in additional energy projects. Challenges include lower pricing forecasts in Alberta and the impact of ongoing outages.

TransAlta Corporation (NYSE: TAC) announced the successful conversion of Keephills Unit 3 from coal to natural gas, completing its coal-to-gas conversion strategy ahead of schedule. The $29 million investment in this project, along with an additional $48 million for gas infrastructure, generated nearly 600 construction jobs and will reduce CO2 emissions by almost 50%. Overall, TransAlta has invested $295 million in its coal transition program. With this conversion, the company aims for a 60% reduction in greenhouse gas emissions by 2030, surpassing Canada's Paris Agreement targets and achieving carbon neutrality by 2050.

TransAlta Corporation (TSX: TA, NYSE: TAC) has signed long-term Power Purchase Agreements (PPAs) for its 300 MW White Rock Wind Project in Oklahoma, ensuring full off-take of its generation. The project, consisting of 51 Vestas turbines, is set to begin construction in late 2022 with a targeted commercial operation date in mid-2023. Total capital is estimated at US$460 million to US$470 million, with anticipated annual EBITDA of about US$44 million. This project aligns with TransAlta's goal of achieving 2 GW of capacity by 2025 and expands its wind generation portfolio.

TransAlta Corporation (TSX: TA, NYSE: TAC) issued a correction regarding the dividend on its Cumulative Redeemable Rate Reset First Preferred Shares, Series B. The previously announced amount of $0.53236 was incorrect; the actual dividend payable on March 31, 2022, to shareholders of record on March 1, 2022, is $0.13309 per share. All figures are in Canadian dollars. This correction is vital for investors to acknowledge for accurate financial planning.

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.