TransAlta Reports Strong Q2 Earnings Amid Lower Alberta Prices
TransAlta Corporation (NYSE:TAC) reported solid second-quarter results for 2026, with adjusted EBITDA reaching C$291 million and free cash flow of C$143 million. Despite a decline in Alberta spot prices to an average of C$29 per megawatt-hour from C$40 the previous year, TransAlta maintained strong realized pricing through hedging strategies and asset optimization. The company reaffirmed its 2026 guidance range but noted that its recently announced acquisition of two Colorado gas-peaking plants is not included in this outlook. The deal is expected to close by Q4 2026, adding an estimated C$110 million annually to adjusted EBITDA. TransAlta also highlighted progress on the Centralia Unit 2 gas conversion project and its expansion into Alberta data center development. Segment results showed mixed performance: hydro segment earnings declined due to lower prices and reduced emissions credit sales; wind and solar remained stable, while energy marketing saw a drop attributed to subdued market volatility. Gas operations improved year-over-year thanks to asset optimization.
Tickers: $TAC
Topics: acquisitions energy guidance renewables