TransAlta Stock Price, News & Analysis

TransAlta (NYSE:TAC, TSX:TA) declared quarterly dividends on Dec 12, 2025.

The Board set a common share dividend of $0.065 per share payable on April 1, 2026 to holders of record at the close of business on March 1, 2026.

The Board also declared quarterly dividends for multiple cumulative redeemable rate reset preferred share series covering the period Dec 31, 2025 to Mar 31, 2026, with March 1, 2026 record date and March 31, 2026 payment date. Per‑share amounts: Series A $0.17981, Series B $0.26186, Series C $0.36588, Series D $0.32782, Series E $0.43088, Series G $0.42331. Series B and D have quarterly floating rates that reset each quarter. All amounts are in Canadian dollars.

TransAlta (NYSE: TAC) signed a 16-year fixed-price tolling agreement with Puget Sound Energy to convert Centralia Unit 2 from coal to natural gas, contracting 700 MW of capacity through Dec. 31, 2044. The conversion targets a ~50% reduction in emission intensity, requires approximately US$600 million of capital, and is forecast to deliver a build multiple of ~5.5x. Target commercial operation is late-2028 with a planned final investment decision after approvals in early 2027.

The Agreement is subject to customary regulatory approvals, including WUTC approval for PSE.

TransAlta (TSX: TA; NYSE: TAC) will acquire a 310 MW contracted Ontario gas portfolio for $95 million (about $306/kW), increasing its Ontario footprint to 1,300 MW. The portfolio comprises four gas-fired plants (Iroquois Falls 120 MW, Kingston 110 MW, North Bay 40 MW, Kapuskasing 40 MW) and 167 acres of co-located land.

The deal is expected to be immediately accretive to free cash flow and cash yield, with ~68% of gross margin contracted to 2031, and management projects about $30 million average Adjusted EBITDA per year. The transaction is subject to regulatory approvals and is expected to close by early Q1 2026. Financing will use cash on hand and draws on credit facilities.

Hut 8 (Nasdaq, TSX: HUT) entered a definitive share purchase agreement to sell a 310 MW portfolio of four natural gas-fired Ontario power plants to TransAlta (NYSE: TAC; TSX: TA) on Nov 17, 2025.

Hut 8 stabilized the assets after acquiring them out of bankruptcy, secured five-year capacity contracts across the portfolio via the Ontario IESO MT2 auction, and executed operational and commercial measures to restore revenue generation. Hut 8 plans to redeploy proceeds toward its multi-gigawatt digital infrastructure development pipeline and prioritize capital for high-return projects.

TransAlta (NYSE: TAC) reported Q3 2025 results for the quarter ended Sept. 30, 2025, delivering solid operations despite weaker market pricing. Key metrics: Adjusted EBITDA $238M, FCF $105M ($0.35/share), cash flow from operations $251M, and net loss attributable to common shareholders $62M. Availability was 92.7% and production totaled 6,151 GWh. Corporate actions: CEO John Kousinioris will retire effective Apr. 30, 2026, with CFO Joel Hunter named successor; TransAlta completed required divestitures (Poplar Hill Aug. 1, 2025; Rainbow Lake Oct. 2, 2025); entered a 230 MW AESO Demand Transmission Service contract; extended committed credit facilities to 2029.

TransAlta (NYSE: TAC) announced a planned CEO succession: John Kousinioris will retire as President and CEO effective April 30, 2026.

The Board has appointed Joel Hunter, executive VP finance and CFO, to succeed Kousinioris and be nominated to join the Board effective April 30, 2026. Kousinioris will serve as a strategic advisor for six months after retirement. The company said the successor to the CFO role will be announced in the coming months. Kousinioris joined TransAlta in 2012 and was appointed CEO in 2021; he previously served as president of TransAlta Renewables from 2017 to 2021.

TransAlta (NYSE: TAC) declared a quarterly common dividend of $0.065 per common share payable on Jan. 1, 2026 to shareholders of record at the close of business on Dec. 1, 2025.

The board also declared quarterly dividends on its cumulative redeemable rate reset preferred shares for the period Sept. 30, 2025 to Dec. 31, 2025. Payment for all preferred series is scheduled for Dec. 31, 2025 to holders of record on Dec. 1, 2025. All amounts are in Canadian dollars.

• Series A (TA.PR.D): 2.877% — $0.17981
• Series B (TA.PR.E): 4.691% — $0.29560 (floating quarterly)
• Series C (TA.PR.F): 5.854% — $0.36588
• Series D (TA.PR.G): 5.761% — $0.36302 (floating quarterly)
• Series E (TA.PR.H): 6.894% — $0.43088
• Series G (TA.PR.J): 6.773% — $0.42331

TransAlta (NYSE: TAC) will release its third quarter 2025 results before markets open on Thursday, November 6, 2025. A conference call and webcast for investors, analysts and media will be held the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time).

Participants must register for telephone access using the provided registration link; options include dialing in with a personalized PIN or using a “Call Me” feature. A live webcast, replay link and a transcript (when available) will be posted on TransAlta’s Investor Centre.

TransAlta Corporation (NYSE: TAC) has announced its upcoming 2025 Investor Day, scheduled for November 18, 2025 in Toronto. The event will run from 9:00 a.m. to 11:30 a.m. ET and will feature presentations from CEO John Kousinioris and CFO Joel Hunter, followed by a leadership panel discussion.

The hybrid-format event will offer both in-person and webcast attendance options, with in-person registration closing on November 10, 2025. The presentations will focus on the company's strategic priorities, long-term planning, financial outlook, and growth objectives.

TransAlta is a major power generation company with operations across Canada, the US, and Australia, notable for achieving a 70% reduction in GHG emissions since 2015 and maintaining an MSCI ESG rating of AA.