TransAlta posts transcript of Q2 2026 results conference call - TAC News | RalliesTransAlta posts transcript of Q2 2026 results conference call
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TAC• Colorado gas peaker deal
- TransAlta said its Colorado deal involves two gas peakers for USD 1 billion.
- The company expects CAD 110 million in annual adjusted EBITDA from the assets, with closing targeted in Q4 2026 pending approvals and COD.
Q2 2026 results call highlights
- TransAlta’s Q2 2026 results call drew CEO Joel Hunter, CFO Mike Politeski, COO Chris Fralick, and IR head Stephanie Paris; analysts joined.
- Adjusted EBITDA was CAD 291 million, free cash flow was CAD 143 million, and average fleet availability was 90.2% despite weak Alberta pricing.
Alberta pricing, hedging and data-center plan
- Alberta spot power prices averaged CAD 29/MWh.
- About 2,400 GWh were hedged at CAD 63/MWh, gas realized CAD 68/MWh, and 4,500 GWh were hedged for the rest of 2026.
- Alberta’s data-center plan advanced with new provincial rules; management expects AESO clarity on “underutilized” steam units within a quarter or so.
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