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TransAlta's Q1 Earnings, Revenue Fall YoY

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-- TransAlta (TA.TO)'s net earnings and revenue fell year over year in the first quarter, the company said Wednesday.

The company posted net earnings of C$13 million, or $0.04 per share, in the three months ended March 31, dropping from $46 million, or $0.15 per share, for the same period in 2025.

Revenue fell to $565 million from $758 million while adjusted EBITDA sank to $204 million from $270 million.

Adjusted net earnings declined year over year to $18 million, or $0.06 per share, from $30 million, or $0.10 per share.

"TransAlta delivered strong operational performance across the fleet in the first quarter, proving our ability to consistently generate solid free cash flow notwithstanding softer Alberta power prices, reduced market volatility and overall lower production," President and Chief Executive Officer Joel Hunter said.

The company's board has approved an 8% increase to its dividend to $0.07 per common share on Feb. 25, payable July 1 to shareholders of record as of June 1. The quarterly dividend of $0.07 per common share represents an annualized dividend of $0.28 per common share.

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