Recent Updates — TSLTF

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.

TransAlta reported H1 2026 net earnings attributable to common shareholders of $48 million (CAD), a recovery from a $66 million loss in H1 2025. Adjusted EBITDA declined 20% to $495 million due to lower Alberta spot prices and no production at Centralia Unit 2, partially offset by gains from the Far North acquisition and favorable hedge settlements. The company announced a $1 billion acquisition of Mountain Peak Power and Canyon Peak Power in Colorado, funded via a $350 million equity offering priced at $19.20 per share. Executive leadership changed with Joel Hunter succeeding John Kousinioris as CEO. TransAlta operates as a diversified power generator across Canada, the U.S., and Western Australia.