Canada's TransAlta swings to Q3 net profit but revenue falls
TAC•TransAlta's third-quarter revenue fell year over year to C$536 million, while adjusted EBITDA rose to C$264 million. Net earnings were C$63 million, reversing a loss a year earlier.
1. Quarterly results
TransAlta posted third-quarter net earnings of C$63 million, compared with a loss in the year-earlier quarter. Revenue fell year over year to C$536 million, while adjusted EBITDA rose to C$264 million; funds from operations were C$146 million and free cash flow was C$93 million.
2. Outlook and operations
The company said strong results were driven by high fleet availability and disciplined asset optimization. It expects to achieve its 2026 outlook range, and said it acquired Colorado gas assets and sold a minority stake in its Oklahoma wind portfolio. TransAlta is advancing its Centralia conversion and Boreal Technology Hub projects, and plans to mothball Battle River units and extend the Sundance 6 mothball outage.
