TransAlta posts strong Q3 results, completes $1 bn Colorado gas deal and sells Oklahoma wind stake
TransAlta reported third‑quarter 2026 adjusted EBITDA of $264 million, up from $238 million a year earlier, and revenue of $536 million. In October the company closed a C$1 billion acquisition of two Colorado gas‑fired peaking facilities and sold a 49 % interest in its 500‑MW Oklahoma wind portfolio for C$305 million. It also announced the mothballing of its Battle River units and an extension of the Sundance 6 outage while advancing its Boreal data‑center project.
Why it matters
The results beat analyst expectations and the company reaffirmed its FY2026 adjusted EBITDA guidance of C$950 million‑C$1.05 billion. Management said the Colorado acquisition will generate about C$110 million of low‑risk adjusted EBITDA annually, bolstering cash flow, while the wind‑portfolio sale strengthens the balance sheet.
Key facts
- 1Adjusted EBITDA for Q3 2026 was $264 million, compared with $238 million in Q3 2025. stocktitan.net
- 2Revenue for the quarter was $536 million. stocktitan.net
- 3Free cash flow for Q3 2026 was $93 million, or $0.29 per share. stocktitan.net
- 4TransAlta closed a C$1 billion acquisition of two natural‑gas peaking facilities in Colorado. finance.yahoo.com
- 5The Colorado assets are expected to deliver about C$110 million of adjusted EBITDA annually. finance.yahoo.com
- 6TransAlta sold a 49 % stake in its 500‑MW Oklahoma wind portfolio for C$305 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.