A Canadian power generator that turns water, wind, sun, gas and coal into electricity for homes and businesses across Alberta and beyond, operating from its Calgary headquarters. Founded in 1909 as Calgary Power Company by banker Max Aitken (later Lord Beaverbrook) to light up the young province, it renamed itself TransAlta in 1981 — a mash-up meaning "across Alberta" — as it grew beyond one city. The company's first hydro plants on the Bow River predate the Calgary Stampede, its hometown's famous rodeo.
TransAlta reports Q2 2026 adjusted EBITDA of $291M, reaffirms guidance
Adjusted EBITDA for Q2 2026 was $291 million, down from $349 million in Q2 2025.
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Free cash flow was $143 million ($0.47 per share) in Q2 2026, compared to $177 million ($0.60 per share) in Q2 2025.
Net earnings attributable to common shareholders were $35 million ($0.12 per share) in Q2 2026, versus a net loss of $112 million ($0.38 per share) in Q2 2025.
On June 3, 2026, TransAlta agreed to acquire Mountain Peak Power and Canyon Peak Power, two gas-fired peaking facilities totaling 318 MW near Denver, for US$1 billion, with closing expected early Q4 2026.
Joel Hunter became President and CEO on April 30, 2026, succeeding John Kousinioris; Mike Politeski was appointed CFO effective May 1, 2026.
U.S. DOE orders TransAlta's Centralia Unit 2 to remain available for 90 days until Sept 13, 2026
TransAlta will comply with the order and continue working with the DOE and Washington state government.
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TransAlta's subsidiary received a U.S. Department of Energy order mandating Centralia Unit 2 in Washington State remain available for operation for 90 days.
The order extends the unit's availability until September 13, 2026.
The order was disclosed in a Form 6-K filed with the SEC on June 15, 2026.
TransAlta to issue 18.23 million common shares at $19.20 per share in underwritten offering
TransAlta Corporation entered into an underwriting agreement dated June 4, 2026, to sell 18,230,000 common shares at $19.20 per share, for aggregate gross proceeds of $350,016,000.
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The underwriters, led by CIBC and RBC as joint bookrunners, have an over-allotment option to purchase up to an additional 2,734,500 shares at the same price.
The offering is being made in connection with the acquisition of Mountain Peak Power HoldCo, LLC and Canyon Peak HoldCo LLC from MPP HoldCo LLC and CPP HoldCo LLC, as described in the acquisition agreement dated June 3, 2026.
The underwriting fee is 4.0% of the aggregate purchase price, totaling $14,000,640 for the firm shares.
The closing date is expected to be June 9, 2026, with the offering qualified in Canadian provinces and the United States.