TransAlta Stock Price, News & Analysis

TransAlta Corporation (TSX: TA, NYSE: TAC) will release its Q1 2022 results on May 6, 2022, before market opening. A conference call will occur at 9:00 a.m. MT (11:00 a.m. ET) the same day for investors and analysts, with media inquiries welcome post-call. TransAlta Renewables (TSX: RNW) will announce its results on May 4, 2022. For participation, contact the operator five minutes before the call. Replay options are available, with additional details on TransAlta's Investor Centre.

TransAlta Corporation (NYSE: TAC) has signed a long-term renewable energy purchase agreement with Meta for the 200 MW Horizon Hill Wind Power Project in Logan County, Oklahoma. This agreement allows Meta to access 100% renewable electricity and environmental attributes, supporting their sustainability goals. Construction is set to begin in Q4 2022, with commercial operations targeted for the second half of 2023. The estimated project cost is between US$290 million to US$310 million and is expected to generate annual EBITDA of approximately US$27 million to US$30 million.

TransAlta Corporation (NYSE: TAC) reported strong financial results for Q4 and FY 2021, highlighted by a 15% increase in adjusted EBITDA to $270 million for Q4 and a 36% rise to $1.263 billion annually. Free Cash Flow surged 105% per share in Q4 to $0.39, and 59% to $2.07 per share for the year. However, the company reported a loss before income taxes of $32 million in Q4, improving from $168 million in the same period in 2020. Notable achievements included the completion of coal-to-gas conversions and a significant reduction in carbon emissions.

TransAlta Corporation announced a $2 million equity investment in Ekona Power Inc. during its Series A funding round. This investment aims to support Ekona's methane pyrolysis technology, which can produce cleaner, lower-cost turquoise hydrogen. TransAlta will join Ekona's Strategic Committee and is optimistic about hydrogen's potential in decarbonizing the electricity sector. The technology is expected to offer significant cost savings and reduce emissions by over 90% compared to conventional methods, positioning it as a scalable solution if successful.

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.