Mergers & Acquisitions ·
TransAlta reported second quarter 2026 results, posting net earnings attributable to common shareholders of $35…
TSLTFTransalta Corp
TransAlta reported second quarter 2026 results, posting net earnings attributable to common shareholders of $35 million ($0.12 per share), a recovery from the $112 million loss in the prior year period. Adjusted EBITDA declined 17% to $291 million due to lower Alberta spot prices and reduced environmental credit revenues. The company announced the acquisition of Mountain Peak Power and Canyon Peak Power for US$1 billion, funded by a $350 million equity offering at $19.20 per share. Executive leadership changed with Joel Hunter succeeding John Kousinioris as CEO. TransAlta operates in the electric power generation industry.