TransAlta Corp. TA-T 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.