Business
TransAlta Reports First Quarter 2025 Results and Reaffirms Annual Guidance
CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Compan...
About this update from Transalta Corporation
[{"type":"text","content":"TransAlta Reports First Quarter 2025 Results and Reaffirms Annual Guidance\n\n\n\n CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31, 2025.\n \n\n \"Our business delivered strong operational performance across the fleet during the first quarter. While the Company's merchant portfolio in Alberta was partially impacted by softer power prices, our hedging strategy and active asset optimization continued to generate realized prices well above spot prices,\" said John Kousinioris, President and Chief Executive Officer of TransAlta.\n \n\n \"We have a unique and diversified generating fleet that is complemented by a highly skilled energy marketing and trading team. Though we are operating within a challenging pricing environment in Alberta, our assets continue to perform well, and we remain confident in our 2025 Outlook,\" added Mr. Kousinioris.\n \n\n \"During the quarter, we executed and progressed multiple strategic initiatives. We advanced our growth plan by securing a strategic partnership with Nova Clean Energy, LLC, which grants the Company the exclusive option to purchase late-stage development projects in the western United States. Nova's team has a successful track record of developing projects across the U.S. and has a development portfolio of over four GW. We continued to advance our data centre strategy in Alberta by moving into the commercialization phase. Negotiations on repowering opportunities at our Centralia facility continue to progress. And, finally, we successfully issued $450 million of medium-term notes and repaid our $400 million term loan that was due later this year, maintaining our financial strength and capital discipline.\"\n \n\n\n First Quarter 2025 Highlights\n \n\n\n\n Achieved strong operational availability of 94.9 per cent in 2025, compared to 92.3 per cent in 2024\n \n\n Adjusted EBITDA\n \n (1)\n \n of $270 million, compared to $342 million for the same period in 2024\n \n\n Free Cash Flow (FCF)\n \n (1)\n \n of $139 million, or $0.47 per share, compared to $221 million, or $0.72 per share, for the same period in 2024\n \n\n Adjusted earnings before income taxes\n \n (1)\n \n of $28 million, or $0.09 per share, compared to $144 million, or $0.47 pe...