07:30 AM EST, 11/06/2025 (MT Newswires) -- TransAlta's ( TAC ) share price fell 2.7% at last look Thursday in New York Stock Exchange trading as the company swung to an adjusted net loss widened in the third quarter.

TransAlta ( TAC ) posted an adjusted net loss of C$8 million, or a loss of $0.02 per share, reversing the year-ago adjusted net income of $35 million, or $0.12 per share.

Analysts polled by FactSet expected TransAlta ( TAC ) to report non-GAAP earnings of $0.05 per share.

The company's attributable net loss widened to $62 million, or a loss of $0.20 per share, from last year's loss of $36 million, or a loss of $0.12 per share.

TransAlta's ( TAC ) revenue fell to $615 million from $638 million while adjusted EBITDA dropped to $238 million from $315 million.

"Our business delivered solid operational performance during the third quarter, demonstrating the company's resilience in the face of challenging market conditions," President and Chief Executive Officer John Kousinioris said. "Our Alberta portfolio's hedging strategy and active asset optimization continued to generate realized prices well above spot prices, while availability remained high across the fleet."

"Although Alberta power prices remain suppressed, our assets continue to perform well, and we remain confident in achieving results within our 2025 outlook range," Kousinioris added.