TransAlta Corporation (TAC) reported nine-month 2026 Canadian-dollar revenue of $1.588 billion, down 12% year over year, and Adjusted EBITDA of $759 million, down 11%. Free cash flow was $338 million, down 20%, while net earnings attributable to common shareholders were $111 million versus a $128 million loss in 2025.
For the third quarter, revenue was $536 million versus $615 million, while Adjusted EBITDA was $264 million versus $238 million and common-shareholder net earnings were $63 million versus a $62 million loss. The company reaffirmed 2026 targets of $950 million to $1,050 million in Adjusted EBITDA and $350 million to $450 million in free cash flow.
TransAlta completed the sale of a 49% interest in its 500 MW Oklahoma wind portfolio for US$305 million and acquired two Colorado-area gas peaking facilities totaling 318 MW for US$1 billion, including US$750 million of project debt. S&P affirmed its BB+ ratings but revised the outlook from stable to negative. A $0.070 quarterly dividend was approved for payment January 1, 2027.
TransAlta Corporation (TAC) reported third-quarter 2026 revenue of C$536 million, down 13% from C$615 million a year earlier, while non-IFRS Adjusted EBITDA rose 11% to C$264 million. Net earnings attributable to common shareholders were C$63 million, versus a C$62 million loss; free cash flow fell 11% to C$93 million.
For the nine months ended September 30, 2026, revenue was C$1,588 million, down 12%, Adjusted EBITDA was C$759 million, down 11%, and free cash flow was C$338 million, down 20%. TransAlta reaffirmed 2026 Adjusted EBITDA guidance of C$950 million to C$1,050 million and free cash flow guidance of C$350 million to C$450 million.
On October 22, 2026, TransAlta sold a 49 per cent interest in its 500 MW Oklahoma wind portfolio to Ares Infrastructure funds for US$305 million in cash before customary closing adjustments. It also acquired Mountain Peak Power and Canyon Peak Power, two fully contracted natural gas-fired peaking facilities totaling 318 MW, for US$1 billion, including the assumption of US$750 million of project debt. On November 2, 2026, it notified the Alberta Electric System Operator that Battle River Units 4 and 5 will be mothballed effective March 1, 2027, for a period of time up to January 1, 2029.
TransAlta Corporation (TAC) closed the sale to Ares Infrastructure funds of a 49 per cent minority ownership interest in its 500 MW Oklahoma wind portfolio for cash proceeds of US$305 million, before customary closing adjustments. TransAlta retains operational oversight under a long-term asset management agreement. The assets are expected to deliver approximately US$60 million of Adjusted EBITDA in 2026; the release states that a 49 per cent share equates to approximately US$29 million. Adjusted EBITDA is a non-IFRS measure. The portfolio includes White Rock West (100 MW), White Rock East (200 MW) and Horizon Hill (200 MW); it is supported by long-term contracts with investment-grade counterparties, and production tax credits expire in 2034.
TransAlta also completed the acquisition of Mountain Peak Power LLC and Canyon Peak Power LLC from Blackstone, Inc. for US$1.0 billion, inclusive of the assumption of US$750 million of senior secured project level debt. The acquisition includes two new, fully contracted natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado.
TransAlta Corporation (TAC) will release its third-quarter 2026 results before markets open on November 3, 2026. A conference call and webcast to discuss the results will begin that day at 9:00 a.m. Alberta Time (10:00 a.m. Eastern Time). Telephone participants can register for access, and webcast materials will be available through TransAlta’s investor website.
TransAlta Corporation (TAC) reports that its subsidiary, TransAlta Centralia Generation LLC, has received an order from the U.S. Department of Energy requiring that Centralia Unit 2 in Washington State remain available for operation for 90 days, until December 12, 2026. TransAlta states it will comply with the order once in effect and will work with the U.S. Department of Energy and the Washington state government in relation to the mandated availability period.
The company also reiterates that its public statements may include forward-looking information and directs readers to its most recent MD&A and 2025 Annual Report for a detailed discussion of risks and assumptions.
TransAlta Corporation reported Q2 2026 results with stronger IFRS profitability but weaker underlying cash metrics. Revenue rose to $487 million from $433 million, and net earnings attributable to common shareholders improved to $35 million ($0.12 per share) from a $112 million loss. Non‑IFRS Adjusted EBITDA declined to $291 million from $349 million and free cash flow to $143 million from $177 million, mainly reflecting lower Alberta power prices, the absence of Centralia generation and softer Energy Marketing performance. For the first half, Adjusted EBITDA was $495 million versus $619 million and FCF was $245 million versus $316 million, while net earnings rose to $48 million from a $66 million loss.
The company advanced several strategic initiatives. It agreed to acquire Mountain Peak Power and Canyon Peak Power near Denver for US$1 billion (including US$750 million of project debt) and raised about $350 million via an 18,230,000‑share offering at $19.20 to fund the cash portion of the purchase price. It closed the $95 million Far North acquisition (310 MW of Ontario gas capacity), mothballed Sheerness Unit 1, and continues to keep 700 MW Centralia Unit 2 available under a U.S. Department of Energy order. As of June 30, 2026, available liquidity was $1.75 billion, Adjusted Net Debt was $4.2 billion and Adjusted Net Debt to Adjusted EBITDA was 4.3 times. The board maintained a quarterly dividend of $0.07 per share, and management reaffirmed 2026 targets for Adjusted EBITDA of $950 million–$1,050 million and FCF of $350 million–$450 million, supported by extensive Alberta hedging.
TransAlta Corporation reported Q2 2026 revenue of $487 million and first-half 2026 revenue of $1,052 million. Q2 earnings before income taxes were $80 million, compared with a loss a year earlier, and net earnings attributable to common shareholders were $35 million versus a $112 million loss.
Despite this swing to profit, Q2 Adjusted EBITDA declined 17 per cent to $291 million, and first-half Adjusted EBITDA fell 20 per cent to $495 million; free cash flow decreased 22 per cent to $245 million, mainly due to lower Alberta power prices and the loss of Centralia output. The company reaffirmed 2026 guidance for Adjusted EBITDA of $950 million to $1,050 million and FCF of $350 million to $450 million, supported by Alberta hedges of 8,985 GWh at about $66/MWh, and available liquidity of roughly $1.8 billion. Strategic moves included a US$1 billion deal to acquire 318 MW of Colorado gas peakers, the $95 million Far North acquisition, an 8 per cent dividend increase to $0.28 annualized, and an MOU to develop a data centre at Keephills. S&P affirmed the BB+ rating but revised the outlook to negative, while Moody’s kept Ba1 with a stable outlook.
TransAlta Corporation’s board declared a quarterly dividend of $0.07 per common share, payable on October 1, 2026 to shareholders of record on September 1, 2026. All amounts are expressed in Canadian dollars.
The board also declared quarterly dividends on several series of Cumulative Redeemable Rate Reset First Preferred Shares, with per-share payments such as $0.29888 for Series A, $0.27430 for Series B, $0.36588 for Series C, $0.34172 for Series D, $0.43088 for Series E, and $0.42331 for Series G, all with a record date of September 1, 2026 and payment date of September 30, 2026.
TransAlta Corporation has filed a Form 6-K announcing logistics for its upcoming second quarter 2026 results release and conference call. The company plans to publish its Q2 2026 financial results before markets open on Friday, July 31, 2026, then host a conference call and webcast at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time) the same day.
Participants can access the webcast via an online link or register in advance for a telephone connection using a personalized PIN or “Call Me” option. Related presentation materials, a replay of the call, and a later transcript will be available in the Investor section of TransAlta’s website.
TransAlta Corporation reports that its subsidiary, TransAlta Centralia Generation LLC, has received an order from the U.S. Department of Energy requiring Centralia Unit 2 in Washington State to remain available for operation for an additional 90 days, until September 13, 2026. The company states it will comply with the order and continue working with the Department of Energy and the Washington state government in relation to this directive. The filing also reiterates TransAlta’s role as a large North American power generator and includes standard cautionary language about forward-looking statements.