Latest news with #TransAltaCorporation
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
TransAlta Declares Dividends
CALGARY, Alberta, July 29, 2025 (GLOBE NEWSWIRE) — The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared a quarterly dividend of $0.065 per common share payable on Oct. 1, 2025, to shareholders of record at the close of business on Sept. 1, 2025. The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including June 30, 2025, up to but excluding Sept. 30, 2025: * Please note the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter. All currency is expressed in Canadian dollars. When the dividend payment date falls on a weekend or holiday the payment is made the following business day. About TransAlta Corporation: TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA. For more information about TransAlta, visit our web site at . For more information:
Globe and Mail
03-07-2025
- Business
- Globe and Mail
TransAlta to Host Second Quarter 2025 Results Conference Call
CALGARY, Alberta, July 03, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation ('TransAlta') (TSX:TA)(NYSE:TAC) will release its second quarter 2025 results before markets open on Friday, August 1, 2025. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). Second Quarter 2025 Conference Call: Webcast link: To access the conference call via telephone, please register ahead of time using the call link below: Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the 'Call Me' option to receive an automated call directly to their phone. Related materials will be available on the Investor Centre section of TransAlta's website at If you are unable to participate in the call, the replay will be accessible at A transcript of the broadcast will be posted on TransAlta's website once it becomes available. About TransAlta Corporation: TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA. Note: All financial figures are in Canadian dollars unless otherwise indicated.
Yahoo
05-06-2025
- Business
- Yahoo
Ormat Technologies Announces Strategic Leadership Changes
ORMAT EXPANDS MANAGEMENT TEAM TO SUPPORT ELECTRICITY SEGMENT GROWTH AND EGS INITIATIVES ARON WILLIS APPOINTED EXECUTIVE VICE PRESIDENT, ELECTRICITY SEGMENT DANIEL MOELK APPOINTED SENIOR VICE PRESIDENT, RESOURCES, DRILLING, & EGS RENO, Nev., June 05, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the 'Company' or 'Ormat'), a leading geothermal and renewable energy company, is pleased to announce the appointment of two distinguished executives to its senior management team. These strategic appointments are poised to propel the next phase of the Company's growth and enhance its operational excellence within the renewable energy sector. Aron Willis Appointed Executive Vice President, Electricity Segment Effective June 4, 2025, Aron Willis will assume the role of Executive Vice President, Electricity Segment at Ormat Technologies. In this capacity Aron will oversee the operations of the Electricity Segment, ensuring alignment with the Company's strategic goals and financial targets. Aron will also be responsible for optimizing plant performance, implementing advanced AI tools, ensuring compliance with safety and environmental regulations, and driving continuous improvement initiatives to foster future growth. Aron brings over 25 years of extensive experience in the power generation industry, with a proven track record of leadership and financial and operational expertise. His career includes significant roles at TransAlta Corporation and Northwest Digital Power, where he demonstrated exceptional leadership in managing large-scale operations and driving substantial growth initiatives. At TransAlta Corporation, Aron held several senior leadership positions, including Executive Vice President of Project Delivery & Construction, Executive Vice President of Growth and Senior Vice President of Operations & Commercial Management. He also managed TransAlta's Australian operations for 10 years, comprising approximately 500MW of generating capacity. Aron holds a Bachelor of Commerce degree with a major in Finance from the University of Calgary. Daniel Moelk Appointed Senior Vice President, Resources, Drilling & EGS In July 2025, Daniel Moelk will join Ormat as Senior Vice President, Resources, Drilling & EGS. Daniel will lead our Resources, Drilling, and EGS teams with a focus on implementing sophisticated processes and innovative technologies. His work will focus in part on creating efficiencies through the use and advanced AI tools and developing Ormat's ongoing drilling and exploration global roadmap. Daniel brings nearly 18 years of valuable operations and drilling management experience within the geothermal industry. Most recently, Daniel served as the EVP of European Operations for Eavor Technologies Inc, a company focused on EGS development where he successfully executed some of the industry's most challenging and complex drilling campaigns. Daniel has played pivotal roles in expanding geothermal drilling operations across his career, in particular at Steag GMBH, PT Sejahtera Alam Energy while he was located in Indonesia, Daldrup & Sohne AG, Mannvit Engineering Consultants, and Iceland Drilling Inc. Daniel holds a degree in Mechanical Engineering from the University of Iceland. 'We are thrilled to welcome Aron Willis and Daniel Moelk to Ormat's leadership team, where their valued backgrounds and experience will help drive the next phase of development and growth for our leading geothermal operations,' said Doron Blachar, Chief Executive Officer of Ormat Technologies. 'Their extensive experience and proven track records in the power generation and geothermal industries will be invaluable as we continue to support our growth through continued innovation. These appointments reflect our commitment to strengthening our leadership team, advancing our strategic objectives for generation growth, expanding our profitability, and focusing efforts on EGS development. I am confident that Aron and Daniel, both of whom will report directly to me, will play pivotal roles in our ongoing success.' Blachar continued, 'I also want to extend my sincere gratitude to Shimon Hatzir for his long-standing service to the Company and his exceptional leadership and dedication over the past 36 years. Shimon has made significant contributions to Ormat in various capacities, including leading our R&D and engineering division, leading wide range of technology developments, and managing the design of numerous power plants. He also led our energy storage segment, and most recently, heading the Electricity Segment including the Resource and Drilling operations I wish him all the best in his well-deserved retirement.' ABOUT ORMAT TECHNOLOGIES With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation ('REG'), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company's activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat's current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S. ORMAT'S SAFE HARBOR STATEMENT Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words 'may', 'will', 'could', 'should', 'expects', 'plans', 'anticipates', 'believes', 'estimates', 'predicts', 'projects', 'potential', or 'contemplate' or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under "Risk Factors" as described in Ormat's annual report on Form 10-K filed with the Securities and Exchange Commission ('SEC') on February 27, 2025, and in Ormat's subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC. These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Ormat Technologies Contact:Smadar LaviVP Head of IR and ESG Planning & Reporting 775-356-9029 (ext. 65726)slavi@ Investor Relations Agency Contact:Joseph Caminiti or Josh CarrollAlpha IR Group312-445-2870ORA@ in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
TransAlta to Host Annual Meeting of Shareholders and First Quarter 2025 Results Conference Call
CALGARY, Alberta, April 08, 2025 (GLOBE NEWSWIRE) -- 2025 Annual Meeting of TransAlta Corporation Shareholders On Thursday, April 24, 2025, TransAlta Corporation ('TransAlta') (TSX: TA) (NYSE: TAC) will hold its annual meeting of shareholders at 11:30 a.m. Mountain Time (1:30 p.m. Eastern Time) in a virtual-only meeting format via live audio webcast ( The management proxy circular (available at provides detailed information about the business of the meeting and the voting process. TransAlta will only conduct the formal business of the meeting and there will not be a management presentation. First Quarter 2025 Conference Call TransAlta will release its first quarter 2025 results before markets open on Wednesday, May 7, 2025. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time). First Quarter 2025 Conference Call:Webcast link: To access the conference call via telephone, please register ahead of time using the call link: Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the 'Call Me' option to receive an automated call directly to their phone. Related materials will be available on the Investor section of TransAlta's website at If you are unable to participate in the call, the replay will be accessible at A transcript of the broadcast will be posted on TransAlta's website once it becomes available. : TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 113 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA. For more information about TransAlta, visit its website at Note: All financial figures are in Canadian dollars unless otherwise indicated. For more information: Phone: 1-800-387-3598 in Canada and U.S. Phone: 1-855-255-9184 Email: investor_relations@ Email: ta_media_relations@ in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
With A Return On Equity Of 13%, Has TransAlta Corporation's (TSE:TA) Management Done Well?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine TransAlta Corporation (TSE:TA), by way of a worked example. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Check out our latest analysis for TransAlta The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for TransAlta is: 13% = CA$239m ÷ CA$1.8b (Based on the trailing twelve months to December 2024). The 'return' is the yearly profit. That means that for every CA$1 worth of shareholders' equity, the company generated CA$0.13 in profit. By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. You can see in the graphic below that TransAlta has an ROE that is fairly close to the average for the Renewable Energy industry (13%). So while the ROE is not exceptional, at least its acceptable. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If a company takes on too much debt, it is at higher risk of defaulting on interest payments. To know the 3 risks we have identified for TransAlta visit our risks dashboard for free. Companies usually need to invest money to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. TransAlta clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 2.39. There's no doubt its ROE is decent, but the very high debt the company carries is not too exciting to see. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time. Return on equity is one way we can compare its business quality of different companies. Companies that can achieve high returns on equity without too much debt are generally of good quality. All else being equal, a higher ROE is better. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to check this FREE visualization of analyst forecasts for the company. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
