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TransAlta raises 2019 free cash flow guidance

TransAlta Corp. has raised its 2019 free cash flow guidance to a range of C$350 million to C$380 million, from the previous range of C$300 million to C$340 million.

The company primarily attributed the increase to the continued strong performance of the energy marketing segment in the fourth quarter of 2019. TransAlta expects its gross margin for the energy marketing segment to be at the high end of the C$100 million to C$120 million range cited in its third-quarter 2019 management discussion and analysis.

Full-year comparable EBITDA guidance remains within the C$875 million to C$975 million range.