TransAlta
Generates and markets power across Canada, the United States, and Western Australia.
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Profile
Operates hydro, wind and solar, gas, and energy-transition assets alongside energy marketing. Its fleet spans Canada, the United States, and Western Australia after the reunification of its renewables affiliate.
Operates four generation businesses—Hydro, Wind and Solar, Gas, and Energy Transition—alongside Energy Marketing. The fleet supplies and markets power across Canada, the United States, and Western Australia.
Its renewable operations sit alongside gas-fired facilities, rather than forming a stand-alone renewable utility within the parent company. TransAlta reunited its separately listed renewables affiliate in 2023, bringing it back under the parent company.
Alberta's mandated coal retirement drove conversions of the company's thermal facilities to gas. Operations remain shaped by federal and provincial conversion policy, carbon-price rules, gas supply, pipeline construction, and Alberta capacity-market developments.
Company facts
Key statistics
Year to date −6.4% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jun 9, 2026 | BMO Capital | Target | $25 | ||
| Jul 18, 2025 | Scotiabank | Upgrade | Sector Perform | Sector Outperform | |
| Feb 18, 2025 | CIBC | Upgrade | Neutral | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $0.11 | $0.13 | +18.2% | $379.5M | $342.8M | −9.7% | −2.80% |
| May 6, 2026Q1 FY26 | $0.01 | $0.04 | +300.0% | $436.4M | $406.2M | −6.9% | −0.23% |
| Feb 27, 2026Q4 FY25 | $0.05 | −$0.04 | −180.0% | $493.4M | $436.2M | −11.6% | +0.51% |
| Nov 6, 2025Q3 FY25 | $0.06 | −$0.01 | −116.7% | $558.8M | $440.9M | −21.1% | +3.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $545.3M | $311.5M | $442.4M | $430.5M | $407.5M | $350.3M | |
| Gross profit | $310.8M | $240.3M | $125.2M | $99.2M | $175.3M | $311.5M | |
| Operating income | $71.9M | −$1.4M | $7.9M | −$64.7M | $17.3M | $102.9M | |
| Net income | $33.1M | −$71.2M | −$35.2M | −$25.9M | $9.4M | $35.2M | |
| Diluted EPS | $0.11 | −$0.27 | −$0.14 | −$0.15 | $0.03 | $0.09 | |
| Gross margin | 57.0% | 77.1% | 28.3% | 23.0% | 43.0% | 88.9% | |
| Operating margin | 13.2% | -0.5% | 1.8% | -15.0% | 4.2% | 29.4% |
Fiscal years (4-quarter sums)FY21 $1.96B · FY22 $2.14B · FY23 $2.41B · FY24 $2.05B · FY25 $1.73B
Balance sheet, Jun 30, 2026Cash & short-term investments $217.2M · Total debt $3.05B · Total assets $6.36B · Shareholders' equity $1.28B
Dividends
Raised for 6 straight years — most recently to $0.0506 from $0.0477 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jul 1 | $0.0506 | raised from $0.0477 |
| Feb 27, 2026 | Mar 1 | Apr 1 | $0.0477 | raised from $0.0465 |
| Dec 1, 2025 | Dec 1 | Jan 1 | $0.0465 | cut from $0.0473 |
| Aug 29, 2025 | Sep 1 | Oct 1 | $0.0473 | raised from $0.0458 |
| May 30, 2025 | Jun 1 | Jul 1 | $0.0458 | raised from $0.0417 |
| Feb 28, 2025 | Mar 1 | Apr 1 | $0.0417 | cut from $0.0428 |
| Nov 29, 2024 | Dec 1 | Jan 1 | $0.0428 | cut from $0.0445 |
| Aug 30, 2024 | Sep 1 | Oct 1 | $0.0445 | raised from $0.044 |
Ownership
Shares outstanding 298.51M · Float 264.76M · 88.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Brookfield Corp /ON/ | 26.95M | 9.03% | 13F | May 15, 2026 |
| Bam Partners Trust | 26.92M | 9.00% | 13D | Jan 8, 2025 |
| Royal Bank of Canada | 25.31M | 8.48% | 13F | May 15, 2026 |
| Rubric Capital Management LP | 17.78M | 5.96% | 13F | May 15, 2026 |
| Bank of Montreal | 17.76M | 5.98% | 13G | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Brookfield Renewable
Large hydro, wind, solar and storage platform
- NextEra Energy
North American wind, solar, storage and gas power platform
- Vistra
Large gas, solar, storage and wholesale-power operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TransAlta | $12.19 | +0.04% | $3.64B | — | 44.1 | 2.4 | +7.9% |
| Brookfield Renewable | $32.20 | −0.28% | $4.77B | — | — | 1.1 | +29.8% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Vistra | $138.00 | +0.67% | $46.22B | 23.1 | 14.6 | 2.9 | −5.5% |
| Median | 20.7 | 17.3 | 2.9 | +12.5% |