TransAlta raises FY19 free cash flow view to $350M-$380M from $300M-$340M
TransAlta announced that it has increased Free Cash Flow guidance to $350M to $380M from the prior range of $300M to $340M. This expected increase to FCF is primarily attributable to the continued strong performance of the Energy Marketing segment into the fourth quarter. The gross margin for our Energy Marketing segment is now forecasted to be at the top end of the range of $100M to $120M that had been disclosed by the company in its third quarter Management's Discussion & Analysis, and is significantly above the trailing 3-year comparable gross margin average of approximately $71M. This revision to FCF guidance is also supported by continued solid operational and financial performance of the generation business segments. The company continues to track within the $875M to $975M guidance range of comparable EBITDA for the year-ended December 31, 2019.