Power utility TransAlta reports first-quarter profit down from year ago
CALGARY - TransAlta Corp. reported its first-quarter profit fell compared with a year ago.
The power utility says it earned a profit attributable to common shareholders of $46 million or 15 cents per share for the quarter ended March 31.
The result compared with a profit of $222 million or 72 cents per share for the same period in 2024.
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On an adjusted basis, TransAlta says it earned 10 cents per share in its latest quarter, down from an adjusted profit of 41 cents per share a year ago.
Revenue totalled $758 million, down from $947 million in the same quarter last year.
TransAlta chief executive John Kousinioris says the company's portfolio in Alberta was partially impacted by softer power prices, while its hedging strategy and active asset optimization continued to generate realized prices well above spot prices.
This report by The Canadian Press was first published May 7, 2025.
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Global News
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Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy NATO figures suggest Canada's defence spending rose from about one per cent in 2014 to 1.33 per cent in 2023. The NATO secretary-general's annual report, released in April, said Canada's defence spending would hit 1.45 per cent for 2024. In terms of absolute dollars, a Canadian Global Affairs Institute analysis last year said Canada ranks as the seventh largest spender in NATO, and the 14th largest in the world. Story continues below advertisement Carney promised during the recent election campaign to move up Canada's deadline for meeting the 2 per cent threshold from 2032 to 2030 or sooner but has not yet shown a plan for how to do that. 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Winnipeg Free Press
15 hours ago
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U.S. envoy closely eyes Canada defence spending; says NATO about collective defence
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