The Company reported a solid quarter with comparable EBITDA of $248 mm, beating both FCC’s estimate of $235 mm and the Street at $233 mm. TransAlta’s funding situation was also improved over the quarter with a $159 mm bond issue and credit facility extensions. The construction of the South Hedland (Australia) power project continues to advance, with the bulk of all major equipment having arrived at site. We have increased our 12-MTP to $5.75/share and maintain a Market Perform ran
10 Aug 2016
Reports 2Q16 Results
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Reports 2Q16 Results
TransAlta Corporation (TA:TSE) | 0 0 0.3% | Mkt Cap: 1,874m
- Published:
10 Aug 2016 -
Author:
Steven I. Paget -
Pages:
5
The Company reported a solid quarter with comparable EBITDA of $248 mm, beating both FCC’s estimate of $235 mm and the Street at $233 mm. TransAlta’s funding situation was also improved over the quarter with a $159 mm bond issue and credit facility extensions. The construction of the South Hedland (Australia) power project continues to advance, with the bulk of all major equipment having arrived at site. We have increased our 12-MTP to $5.75/share and maintain a Market Perform ran