$TAC

TransAlta Corp (TAC) CEO Joel Hunter discussed Q3 2026 earnings, highlighting the Boreal data center project's expansion to 1.6 GW, delayed definitive agreements until early 2027, and ongoing discussions with AESO. Hunter noted positive customer interest in Alberta's power output due to U.S. moratoriums. The company is also exploring asset monetization and repowering projects. Financial details include a $27 million asset sale in the quarter.

TransAlta reported Q3 FFO of C$0.46, exceeding estimates by C$0.18. Adjusted net earnings per share were C$0.18, up from a loss of C$0.02 last year. Revenue reached C$536M. The company reaffirmed FY2026 adjusted EBITDA guidance of C$950M–C$1.05B and free cash flow guidance of C$350M–C$450M.

TransAlta Corporation declared a quarterly dividend of $0.07 per common share, payable on January 1, 2027. It also announced dividends for various preferred shares, with rates ranging from 4.319% to 6.894%, payable on December 31, 2026. The company operates as a power generator in Canada, the U.S., and Australia.

TransAlta (TSX: TA, NYSE: TAC) sold a 49% stake in its Oklahoma wind portfolio to Ares for $1B, retaining control. Proceeds will strengthen its balance sheet and fund growth projects. It also acquired two gas plants in Colorado for $1.1B, expanding its US footprint. The wind assets are expected to generate $100M in Adjusted EBITDA in 2026, according to the company.

TransAlta Corp said it will buy two natural gas peaking plants near Denver, Mountain Peak Power and Canyon Peak Power, from Blackstone for about $1 billion. The 318 MW assets are fully contracted for over 25 years. TransAlta will assume $750 million project debt and raise about $250 million equity via a C$350 million bought deal. Expected annual adjusted core profit is ~$80 million and free cash flow ~$33 million; deal closes early Q4 2026.

SAMR has drafted new China rules for probiotic health foods, open for consultation until Aug 24, 2026, including higher minimum CFU at shelf life and required strain details for traceability and quality. The Akkermansia Company received a new US patent covering marketing substantially purified Akkermansia for metabolic disorders, including live and pasteurized forms. IM8 secured $1bn growth financing from General Catalyst’s CVF to expand internationally.

Washington state’s Department of Ecology said it reached an agreement with TransAlta to transition the TransAlta Centralia plant from coal to natural gas. The plant is expected to start natural gas generation by 2028 and stop burning fossil fuels by 2044. TransAlta will invest $7 million to $21 million annually in Lewis and Thurston counties. Public comments run until Sept. 6.

CALGARY, Alberta, July 31, 2026 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the second quarter ended June 30, 2026.

Utilities in the Pacific Northwest are contesting TransAlta’s request to recover costs for keeping its Centralia, Washington coal plant on standby under renewed Trump-era DOE emergency orders. TransAlta says its first April 30 invoice was nearly $20 million and estimates $23 million for repairs if standby extends into Q3–Q4 2026. FERC is reviewing opposition from utilities and grid operators.

TD Securities resumed coverage of TransAlta (NYSE:TAC) on June 10 with a Buy rating and a C$26 price target after the company completed a bought-deal equity offering. The firm cited a 13% stock pullback tied to concerns about TransAlta’s planned $1B acquisition of two Denver-area gas peakers from Blackstone. The assets total 318 MW, with expected ~$80M annual adjusted core profit and ~$33M free cash flow.