Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103) and cash available for distribution (CAFD) of $82 mm (FCC: $76). Comparable EBITDA and CAFD increased $59 mm and $50 mm, respectively, y/y. The increase from 1Q15 was a result of incremental cash flows from TransAlta Renewables' acquisitions in Canada and Australia and higher wind volumes in western Canada and at Wyoming wind. Earnings were adversely affected by the strengthening Canadian dollar, lowe ....
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REPORTS 1Q16; BEATS ESTIMATES
- Published:
28 Apr 2016 -
Author:
Steven I. Paget -
Pages:
2
Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103) and cash available for distribution (CAFD) of $82 mm (FCC: $76). Comparable EBITDA and CAFD increased $59 mm and $50 mm, respectively, y/y. The increase from 1Q15 was a result of incremental cash flows from TransAlta Renewables' acquisitions in Canada and Australia and higher wind volumes in western Canada and at Wyoming wind. Earnings were adversely affected by the strengthening Canadian dollar, lowe ....