TransAlta Reports Q3 2026 Net Earnings of $63 Million
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Key Takeaways
- TransAlta reported Q3 2026 net earnings of $63 million, or $0.20 per share.
- Adjusted EBITDA for the quarter was $264 million, compared to $238 million in Q3 2025.
- The company maintained total liquidity of $1.87 billion as of Sept. 30, 2026.
- Full-year 2026 free cash flow guidance was reaffirmed at $350 million to $450 million.
- Total installed capacity reached 8,623 MW, with 5,248 MW located in Alberta.
- Hedged production for 2027 is set at 6,732 GWh.
TransAlta (NYSE: TAC) Corporation disclosed its third-quarter 2026 financial results through a Form 6-K filing with the U.S. Securities and Exchange Commission on November 3, 2026. The Calgary-based power generator reported net earnings attributable to common shareholders of $63 million, or $0.20 per share. This compares to a net loss of $0.20 per share in the third quarter of 2025.
The company's adjusted EBITDA for the three-month period reached $264 million, up from $238 million in the prior year's third quarter. On a nine-month basis, adjusted EBITDA of $759 million remains lower than the $857 million recorded during the same period in 2025. TransAlta reported total production of 5,260 GWh for the quarter with an overall availability of 92.6%.
As of September 30, 2026, TransAlta's total gross installed capacity stood at 8,623 MW across 89 facilities. The Alberta portfolio remains the company's largest concentration, accounting for 5,248 MW of capacity across hydro, wind, solar, and gas assets. In Alberta, 23% of total capacity is currently contracted, with weighted average contract lives of eight years for wind and solar and ten years for gas assets.
Segmented performance for the quarter showed the Hydro segment contributed $78 million in adjusted EBITDA, while the Wind and Solar segment added $71 million. The Gas segment generated $79 million in adjusted EBITDA, and the Energy Marketing segment provided $30 million in adjusted earnings before income taxes.
