Overview

* TransAlta Q3 2025 revenue decreased compared to 2024, with no analyst estimates provided

* Adjusted EBITDA for Q3 2025 fell to C$238 mln from C$315 mln in 2024

* Net loss attributable to common shareholders widened to C$62 mln from C$36 mln in 2024

Outlook

* TransAlta ( TAC ) remains confident in achieving results within its 2025 Outlook range

* Company to provide detailed project updates in Q1 2026 Investor Day

* TransAlta ( TAC ) entered 230 MW contract with Alberta Electric System Operator

Result Drivers

* HEDGING STRATEGY - Co's Alberta hedging strategy and asset optimization led to realized prices above spot prices despite suppressed power prices

* DATA CENTER STRATEGY - Progress on Alberta data center strategy with AESO contract and land re-zoning for development

* CENTRALIA CONVERSION - Negotiations ongoing to convert Centralia facility to gas-fired operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$615

Revenue mln

Q3 EPS -C$0.20

Q3 C$238

Adjusted mln

EBITDA

Q3 FFO C$156

mln

Q3 FFO C$0.53

Per

Share

Q3 Free C$105

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the independent power producers peer group is "buy"

* Wall Street's median 12-month price target for TransAlta Corp ( TAC ) is C$20.00, about 19% below its November 5 closing price of C$23.80

* The stock recently traded at 87 times the next 12-month earnings vs. a P/E of 54 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)