TransAlta Corp (TSE:TA) has released an update.
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TransAlta Corp reported robust financial results for Q1 2024, outperforming expectations despite a 30% decline in Alberta spot power prices, with key highlights including an adjusted EBITDA of $328 million and Free Cash Flow of $206 million. The company is confident in achieving its 2024 guidance and continues to focus on shareholder returns, having already returned $53 million through share buybacks. TransAlta has paused greenfield projects in Alberta due to new market regulations, shifting focus to the United States and Western Australia where stable markets are expected.
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