TransAlta Q3 earnings arrive at C$63 million
Key points
- TransAlta reported third-quarter 2026 net earnings of C$63 million, reversing a C$62 million loss a year earlier, despite lower revenue.
- Revenue declined 13% to C$536 million, while adjusted EBITDA increased 11% to C$264 million and free cash flow fell to C$93 million.
- TransAlta reaffirmed its 2026 financial outlook after completing a US$1 billion Colorado gas acquisition and selling a 49% interest in its Oklahoma wind portfolio.
TransAlta (NYSE:TAC) reported third-quarter 2026 net earnings of C$63 million, reversing a C$62 million loss, while reaffirming its full-year outlook.
Revenue declined to C$536 million from C$615 million, while earnings improved to C$0.20 per share from a C$0.20 loss.
Adjusted EBITDA rose to C$264 million from C$238 million, while free cash flow declined to C$93 million from C$105 million.
TransAlta maintained its 2026 financial guidance after completing a US$1 billion Colorado gas acquisition and a US$305 million Oklahoma wind transaction.
The Colorado acquisition included two natural gas facilities totaling 318 megawatts, while TransAlta retained majority ownership of its 500-megawatt Oklahoma wind portfolio.
TransAlta plans to temporarily mothball Battle River Units 4 and 5 from March 2027 while advancing its Centralia conversion and Boreal Technology Hub.
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