Canada's TransAlta Q1 profit, revenue fall on lower power prices

TransAlta

06/05/2026 12:29

Overview

Canada power generator's Q1 revenue and adjusted EBITDA declined yr/yr on lower power prices

Q1 net earnings dropped to C$13 mln from C$46 mln a year earlier

Company raised annual dividend by 8% and completed Far North Power acquisition

Outlook

TransAlta says it remains confident in its 2026 outlook

Company notes near-term headwinds in Alberta are materializing

TransAlta highlights ongoing strategic priorities including data centre development and asset integration

Result Drivers

LOWER POWER PRICES - Co said softer Alberta power prices and reduced market volatility weighed on results

HEDGING AND CONTRACTS - Co said hedging strategy and contracted portfolio helped mitigate impact of challenging price environment

LOWER PRODUCTION - Co reported overall lower production in Q1

Company press release: ID:nGNXHmlKW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$565 mln
Q1 EPS
C$0.04
Q1 Net Income
C$13 mln
Q1 Adjusted EBITDA
C$204 mln
Q1 FFO
C$137 mln
Q1 FFO Per Share
C$0.46
Q1 Free Cash Flow
C$102 mln


Analyst Coverage

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

Wall Street's median 12-month price target for TransAlta Corp is C$24.00, about 39.5% above its May 5 closing price of C$17.20

The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 60 three months ago

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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.)