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TransAlta Reports Strong Second Quarter 2025 Results, Advancement of Strategic Priorities and Reaffirms Guidance
CALGARY, Alberta, Aug. 01, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Compa...
About this update from Transalta Corporation
[{"type":"text","content":"TransAlta Reports Strong Second Quarter 2025 Results, Advancement of Strategic Priorities and Reaffirms Guidance\n\n\n\n CALGARY, Alberta, Aug. 01, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the second quarter ended June 30, 2025.\n \n\n “Our strong second quarter results illustrate the value of our diversified fleet and exceptional operational performance. Our Alberta portfolio's hedging strategy and active asset optimization continued to generate realized prices well above spot prices while environmental credits generated by our hydro and wind assets significantly offset our gas fleet's carbon price compliance obligation. While we continue to navigate a challenging Alberta price environment, our assets continue to perform well, and we remain confident in achieving our 2025 Outlook,\" said John Kousinioris, President and Chief Executive Officer.\n \n\n \"Our team remains focused on advancing our strategic priorities. We are pleased with the progress on our Alberta data centre strategy and the associated negotiations, which now reflect the Alberta Electric System Operator's (AESO) approach to large load integration. The AESO currently expects Demand Transmission Service contracts to be executed in mid-September, which will secure each proponent's access to system capacity. We continue to work closely with our counterparties and are progressing towards the execution of a data centre memorandum of understanding in relation to our system capacity allocation,\" added Mr. Kousinioris.\n \n\n \"Finally, we continue to progress negotiations on conversion opportunities at Centralia and are working towards executing a definitive agreement later this year with our customer for the full capacity of Centralia Unit 2.\"\n \n\n\n Second Quarter 2025 Highlights\n \n\n\n\n Achieved strong operational availability of 91.6 per cent in 2025, compared to 90.8 per cent in 2024\n \n\n Adjusted EBITDA\n \n (1)\n \n of $349 million, compared to $316 million for the same period in 2024\n \n\n Free Cash Flow (FCF)\n \n (1)\n \n of $177 million, or $0.60 per share, remained consistent with the same period in 2024\n \n\n Adjusted earnings before income taxes\n \n (1)\n \n of $122 million, or $0.41 per share, compared to $112 million, or $0.37 per share, for...