TransAlta

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

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TransAlta (TAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why TransAlta (TAC) Might Surprise This Earnings Season

TransAlta's latest results were strong and earnings guidance for the remainder of the year was increased. The utility held its latest investor day and released its multi-year outlook in September 2021.

TransAlta Investor Day: Clear Targets And Good Outlook, Though Valuations Are Mixed

CALGARY, AB, Oct. 6, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its third quarter 2021 results before markets open on Tuesday, November 9, 2021. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.

Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2021 Results and Conference Call

TransAlta (TAC) unveils plans to lower emissions by 70% within 2030 from its 2005 levels and become carbon-neutral by 2050. Also, it ups 2022 dividend by 11%.

TransAlta (TAC) Unfolds Renewable Plans, Hikes 2022 Dividend

Highlights TransAlta has established targets to deliver 2 GW of incremental renewables capacity with a targeted investment of $3 billion by 2025 TransAlta will accelerate its growth with a focus on customer-centred renewables and storage through the execution of its 3 GW development pipeline TransAlta will suspend the Sundance Unit 5 repowering TransAlta will retire Keephills Unit 1 effective December 31, 2021, and retire Sundance Unit 4 effective April 1, 2022 TransAlta's Board of Directors has approved an 11 per cent dividend increase on its common shares TransAlta will be completely off-coal by the end of 2025 and will realize a 70% reduction on carbon emissions by 2030 against a 2005 baseline CALGARY, AB, Sept. 28, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) is pleased to announce its strategic growth targets, which strengthen the Company's commitment to being a leader in clean electricity by delivering customer-centered power solutions.

TransAlta Establishes Renewables Growth Targets and Declares Dividend Increase of 11%

TransAlta's (TAC) CEO John Kousinioris on Q2 2021 Results - Earnings Call Transcript

TransAlta Renewables Inc. (TRSWF) CEO John Kousinioris on Q2 2021 Results - Earnings Call Transcript

CALGARY, AB, Aug. 10, 2021 /PRNewswire/ - Second Quarter 2021 Highlights Comparable EBITDA(1) of $302 million, an increase of $85 million or 39 per cent compared to the same period in 2020 Free cash flow ("FCF")(1) of $138 million or $0.51 per share compared to $91 million or $0.33 per share, a 52 per cent increase over the same period in 2020 Hydro segment delivered $96 million of comparable EBITDA, an increase of $67 million compared to the same period in 2020 Alberta Thermal segment delivered $85 million of comparable EBITDA, an increase of $55 million compared to the same period in 2020 Adjusted availability was 84.8 per cent compared to 91.5 per cent for the same period in 2020, largely impacted by planned major maintenance events in the quarter Other Highlights Windrise wind project construction was 88 per cent complete as of June 30, 2021 Launched 130 MW Garden Plain wind project, 100 MW of which are contracted to Pembina Pipeline Corporation under an 18-year power purchase agreement Closed the sale of the Pioneer Pipeline to ATCO Gas and Pipelines Ltd. with net cash proceeds of approximately $128 million, resulting in a gain on sale of $33 million Executed a 10-year contract extension at Sarnia with one of its large industrial customers Subsequent Events & Updates Completed another milestone in our phase-out of coal with the completion of the coal-to-gas conversion of Keephills Unit 2 Reached agreement to construct the 48 MW Northern Goldfields Solar and Storage Project to deliver renewable electricity to BHP Nickel West Pty Ltd.

TransAlta Reports Outstanding Second Quarter 2021 Results and Increases Annual Guidance

CALGARY, AB, July 19, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") announced today that it has completed the second of three planned coal-to-gas conversions at its Alberta Thermal power generation facilities near Wabamun, Alberta. "The full conversion of Keephills Unit 2 ("KH2") from thermal coal to natural gas is another significant milestone for TransAlta as it transitions off coal.

TransAlta Completes Second Off-Coal Conversion - Another Major Milestone in its Phase Out of Coal

CALGARY, AB, July 13, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its second quarter 2021 results before markets open on Tuesday, August 10, 2021. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.

Media Advisory: TransAlta and TransAlta Renewables Second Quarter 2021 Results and Conference Call

CALGARY, AB, June 30, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today, together with its partner Tidewater Midstream & Infrastructure Ltd. ("Tidewater"), the closing of the previously announced sale of the Pioneer Pipeline to ATCO Gas and Pipelines Ltd.

TransAlta Announces the Successful Closing of Pioneer Pipeline Sale to ATCO

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Earnings acceleration is viewed as a key metric for share price outperformance. Hence, watch out for stocks like Ambarella (AMBA), TransAlta (TAC) & Nutrien (NTR) that boast superb earnings acceleration.

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TransAlta's SOTP value comes to $16 per share vs. the $11 trading price. TransAlta's value can further increase rather shortly due to coal-to-gas conversion in Alberta during 2021.

TransAlta: Materially Undervalued; Eventual Acquisition By Brookfield Possible

TransAlta Corporation (TAC) CEO John Kousinioris on Q1 2021 Results - Earnings Call Transcript

CALGARY, AB, May 13, 2021 /PRNewswire/ - First Quarter 2021 Highlights Comparable EBITDA(1) of $310 million, an increase of $90 million or 41 per cent compared to the same period in 2020 Free cash flow ("FCF")(1) of $129 million or $0.48 per share compared to $109 million or $0.39 per share, a 23 per cent increase on a per share basis, for the same period in 2020 Hydro segment delivered $77 million of comparable EBITDA, an increase of $51 million or 96 per cent compared to the same period in 2020 Adjusted availability was 88.6 per cent compared to 92.8 per cent for the same period in 2020 Other Highlights On Dec. 31, 2020, all power purchase arrangements ("Alberta PPAs") with the Alberta Balancing Pool for TransAlta's Alberta Hydro facilities, Keephills Units 1 and 2 and Sheerness Units 1 and 2, expired and these facilities began fully merchant operations in the Alberta electricity market Completion of Sundance Unit 6 and Sheerness Unit 1 conversions to gas-fired generation Commenced gas conversion of Keephills Unit 2 with planned completion during the second quarter of 2021 Windrise wind project construction was 84 per cent complete as of March 31, 2021 Extended $1.25 billion Syndicated Credit facility to June 2025 and converted the facility into a Sustainability Linked Loan aligning the cost of borrowing to TransAlta's greenhouse gas emissions reductions and gender diversity targets Subsequent Events & Updates Launched 130 MW Garden Plain wind project with an 18-year power purchase agreement with Pembina Pipeline Corporation for 100 MW of renewable electricity and associated environmental attributes Completed 10-year contract extension at Sarnia cogeneration facility with large industrial off-taker Settled the litigation with Mangrove Partner's Master Fund Ltd. TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today reported its financial results for the quarter ended March 31, 2021.

TransAlta Reports Strong First Quarter 2021 Results led by Exceptional Performance at Alberta Hydro

CALGARY, AB, May 3, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a long-term Power Purchase Agreement ("PPA") with Pembina Pipeline Corporation ("Pembina") for the offtake of 100 MW from its proposed 130 MW Garden Plain Wind Power Project ("Garden Plain" or "facility"), to be located approximately 30 km north of Hanna, Alberta.  Under this agreement, Pembina will receive both renewable electricity and environmental attributes for an 18-year term.

TransAlta and Pembina Pipeline Announce 100 MW Renewable Power Purchase Agreement and Launch of the Garden Plain Wind Project

CALGARY, AB, May 3, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) has received certification from Diversio, a technology company setting the global standard for diversity and inclusion, for its continued commitment to and meaningful performance on equity, diversity, and inclusion ("E,D&I") in the workplace. TransAlta is the first publicly traded energy company to be certified.

TransAlta Certified by Diversio for its Equity, Diversity and Inclusion Program

CALGARY, AB, April 29, 2021 /PRNewswire/ - TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta" or the "Company") and The Mangrove Partners Master Fund, Ltd. ("Mangrove") announced today that the parties have agreed to resolve this matter on a mutually acceptable basis.

TransAlta and Mangrove Partners Resolve Litigation

CALGARY, AB, April 21, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta") (TSX: TA) (NYSE: TAC) will release its first quarter 2021 results before markets open on Thursday, May 13, 2021. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m.

Media Advisory: TransAlta and TransAlta Renewables First Quarter 2021 Results and Conference Call

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We had recommended a position in TransAlta preferred shares multiple times. We analyze the recent results and update you on the progress the company has made.

TransAlta: Moving To The Sidelines

CALGARY, AB, March 29, 2021 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) today filed its notice of meeting (the "Notice") to holders of common shares ("Shareholders") along with its management information circular (the "Circular") in connection with its annual and special meeting of Shareholders to be held virtually on Tuesday, May 4, 2021 at 12:00 p.m. (Calgary Time) (the "Meeting").

TransAlta Corporation Files Management Proxy Circular and Announces Four New Director Nominees

CALGARY, AB, March 18, 2021 /PRNewswire/ - Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) press release dated March 1, 2021, the Company announced today that (i) 1,417,338 of its 10,175,380 currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A ("Series A Shares") will be converted on March 31, 2021, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preferred Shares, Series B ("Series B Shares"), and (ii) 871,871 of its 1,824,620 currently outstanding Series B Shares will be converted on March 31, 2021, on a one-for-one basis, into Series A Shares.   As a result, on March 31, 2021, the Company will have 9,629,913 Series A Shares issued and outstanding and 2,370,087 Series B Shares issued and outstanding.

TransAlta Corporation Announces Conversion Results for Series A and B Preferred Shares

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