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TransAlta Reports Third Quarter 2025 Results
TransAlta TransAlta (US:TAC) Globenewswireยท2025-11-06 12:01

Core Insights - TransAlta Corporation reported solid operational performance in Q3 2025 despite challenging market conditions, with a focus on its Alberta portfolio's hedging strategy and asset optimization [2][3] - The company is progressing on key priorities, including a data centre strategy and negotiations to convert its Centralia facility to gas-fired operations [4][12] - CEO John Kousinioris announced his retirement effective April 30, 2026, with Joel Hunter set to succeed him [5][12] Financial Performance - Q3 2025 operational availability was 92.7%, down from 94.5% in Q3 2024 [6][7] - Production increased to 6,151 GWh in Q3 2025 from 5,712 GWh in Q3 2024 [6] - Revenues for Q3 2025 were $615 million, a decrease from $638 million in Q3 2024 [6] - Adjusted EBITDA for Q3 2025 was $238 million, down from $315 million in Q3 2024 [7][9] - Free Cash Flow (FCF) was $105 million, or $0.35 per share, compared to $131 million, or $0.44 per share in Q3 2024 [7][9] - Net loss attributable to common shareholders was $62 million, or $0.20 per share, compared to a loss of $36 million, or $0.12 per share in Q3 2024 [7][9] Segment Performance - Hydro segment revenues were $73 million in Q3 2025, down from $89 million in Q3 2024 [9] - Wind and Solar segment revenues increased slightly to $45 million from $44 million [9] - Gas segment revenues decreased to $110 million from $141 million [9] - Energy Transition segment revenues were $28 million, down from $34 million [9] - Energy Marketing segment revenues dropped to $17 million from $42 million [9] Key Business Developments - The company entered into a 230 MW Demand Transmission Service contract with the Alberta Electric System Operator [3][13] - TransAlta completed the sale of its 100% interest in the 48 MW Poplar Hill facility and its 50% interest in the 97 MW Rainbow Lake facility as part of regulatory requirements [14] - The company extended its committed credit facilities totaling $2.1 billion, with maturity extended to June 30, 2029 [15]