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. Every segment's comparable EBITDA outperformed y/y, and total EBITDA is up 36%. Power generation on the quarter was 7,899 GWh, below our estimate of 10,773 GWh. Funds from operations were $175 mm, in line with our estimate of $176 mm and up $15 mm from 2Q15. Despite the Company realizing lower prices from its coal facilities, performance was augmented by co
09 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:
09 Aug 2016 -
Author:
Steven I. Paget -
Pages:
3
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. Every segment's comparable EBITDA outperformed y/y, and total EBITDA is up 36%. Power generation on the quarter was 7,899 GWh, below our estimate of 10,773 GWh. Funds from operations were $175 mm, in line with our estimate of $176 mm and up $15 mm from 2Q15. Despite the Company realizing lower prices from its coal facilities, performance was augmented by co