TransAlta Reports Q3 2026 Results with Strong Adjusted EBITDA Despite Soft Alberta Prices
TransAlta (TAC) reported third-quarter 2026 results featuring an adjusted EBITDA of $264 million, demonstrating resilience despite a decline in Alberta spot prices to $36 per megawatt hour. The company's hedging strategy proved highly effective, realizing average prices significantly above market levels across its gas and hydro fleets. Free cash flow for the quarter reached $93 million, or $0.29 per share. Strategic capital movements defined the period, including a US$1 billion acquisition of natural gas-fired peaking facilities in Colorado and a US$305 million sale of a minority interest in an Oklahoma wind portfolio to Ares Infrastructure Funds. Looking ahead, management reaffirmed full-year 2026 guidance for adjusted EBITDA between $950 million and $1,050 million, supported by a robust 2027 hedging profile.
Tickers: $TAC
Topics: acquisition asset sale earnings report EBITDA free cash flow