For 2025, management expects adjusted EBITDA to be in the range of $1.15 to $1.25 billion and FCF to be in the range of $450 to $550 million, based on the following, relative to 2024: Higher contribution from the wind and solar portfolio due to a full-year impact of new asset additions of the White Rock and Horizon Hill wind facilities; Contribution from assets acquired with Heartland; Lower contributions from the legacy merchant hydro, wind and gas assets in Alberta which are expected to step down due to lower expected average power prices in Alberta given baseload gas and renewables supply additions in late 2024 and 2025; Lower current income tax expense in 2025 compared to 2024 actual; and Increased net interest expense in 2025 as a result of the Heartland acquisition and lower interest income earned on lower cash deposits and lower capitalized interest on growth projects.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TAC:
- AI Daily: OpenAI rebuffs Musk offer, weighs special voting rights
- Capital Power upgraded to Outperformer at CIBC following valuation reset
- CIBC upgrades TransAlta to Outperformer as valuation reset creates better entry
- TAC Upcoming Earnings Report: What to Expect?
- TransAlta upgraded to Outperformer from Neutral at CIBC