TransAlta Corp (TSE:TA) has released an update.
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TransAlta Corp reported robust operational and financial performance for Q1 2024, despite a decline in Alberta spot power prices. The company achieved an adjusted EBITDA of $328 million and net earnings of $222 million, exceeding expectations. TransAlta remains confident in meeting its 2024 guidance and continues to focus on shareholder value through strategic capital allocation, including a $53 million share repurchase.
For further insights into TSE:TA stock, check out TipRanks’ Stock Analysis page.