Business
TransAlta Increases Free Cash Flow Guidance to $350 million to $380 million
TransAlta Increases Free Cash Flow Guidance to $350 million to $380 million Canada...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nTransAlta Increases Free Cash Flow Guidance to $350 million to $380 million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec. 17, 2019\n\n\n\nCALGARY, Dec. 17, 2019 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX: TA) (NYSE: TAC) announced today that it has increased Free Cash Flow (\"FCF\") guidance to $350 million to $380 million from the prior range of $300 million to $340 million.   This expected increase to FCF is primarily attributable to the continued strong performance of the Energy Marketing segment into the fourth quarter.  The gross margin for our Energy Marketing segment is now forecasted to be at the top end of the range of $100 million to $120 million that had been disclosed by the Company in its third quarter Management's Discussion & Analysis, and is significantly above the trailing 3-year comparable gross margin average of approximately $71 million.  This revision to FCF guidance is also supported by continued solid operational and financial performance of the generation business segments.  The Company continues to track within the $875 million to $975 million guidance range of Comparable EBITDA for the year-ended December 31, 2019.  \nThe factors and assumptions which contribute to TransAlta's assessment of the free cash flow and Comparable EBITDA ranges are consistent with existing Company disclosures, and such guidance ranges are subject to the risks and uncertainties inherent in the Company's business. Readers are directed to the Forward Looking Statements and Non-GAAP Measures disclaimer below and the \"Risk Factors\" section in the Management's Discussion & Analysis and the Annual Information Form for the year ended December 31, 2018 for a description of such factors, assumptions, risks and uncertainties.\nAbout TransAlta:TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, med...