TransAlta Q4 Comparable Net Earnings Rise - Quick Facts

(RTTNews) - TransAlta Corp. (TAC, TA.TO) reported that its fourth-quarter Comparable Net Earnings attributable to common shareholders increased to C$46 million from C$1 million last year. Comparable Net Earnings per share was C$0.17 compared to break even per share in the prior year.

Comparable Funds from Operations per share grew to C$0.82 from C$0.67 in the previous year.

Net earnings attributable to common shareholders was C$148 million, compared to a loss of C$66 million in the prior year. On a per share basis, net earnings were C$0.54, compared to a loss of C$0.25 in the previous year.

Revenue for the quarter grew to $718 million from $587 million last year.

TransAlta targets comparable EBITDA and FFO for 2015 in the range of C$1.000 billion to C$1.040 billion and C$720 million to C$770 million respectively based on the current outlook for power prices in Alberta and the Pacific Northwest.