CALGARY — TransAlta Corp. reported a loss of $80 million in its latest quarter compared with a loss of $12 million in the same quarter last year.
The Calgary-based power utility says the net loss attributable to common shareholders amounted to 30 cents per diluted share for the second quarter.
That compares with a loss of four cents per share for the same period in 2021.
Revenue in the company’s quarter ended June 30 totalled $458 million, down from $619 million a year ago.
TransAlta says its adjusted earnings before interest, taxes, depreciation and amortization for the quarter was $279 million, down 13 per cent from $319 million in the same quarter a year earlier.
Funds from operations totalled $220 million, down from $267 million in the same quarter last year.
TransAlta’s free cash flow was $145 million for the quarter compared with $155 million in 2021’s second quarter.
This report by The Canadian Press was first published Aug. 5, 2022.
Companies in this story: (TSX:TA)
The Canadian Press
Thanks for Reading!
Energeticcity.ca is the voice of the Peace, bringing issues that matter to the forefront with independent journalism. Our job is to share the unique values of the Peace region with the rest of B.C. and make sure those in power hear us. From your kids’ lemonade stand to natural resource projects, we cover it–but we need your support.
Give $10 a month to Energeticcity.ca today and be the reason we can cover the next story.