$TA.TO

TransAlta Says Department Of Energy Mandates Centralia Unit 2 Remain Available For Operation For Additional 90 Days

National Bank of Canada Resumes Coverage of TransAlta

National Bank of Canada on Tuesday resumed coverage of TransAlta (TA.TO) with an outperform rating and C$24 price target.The bank resumed coverage of TransAlta following its C$350 million equity financing priced at $19.20 per share to fully fund the equity portion of its US$1.0 billion acquisition of two natural gas-fired peaking facilities in Colorado.TransAlta has entered an agreement to acquire the 162 megawatt (MW) Mountain Peak Power and the 156 MW Canyon Peak Power natural gas-fired peaking facilities near Denver, Colorado.Both facilities are 100% contracted, receive fixed capacity payments, and benefit from full fuel and capital cost pass-through. The deal is expected to close in the fourth quarter of 2026.TransAlta traded at $17.23 per share at last look Wednesday on the Toronto Stock Exchange.Price: $17.28, Change: $-0.12, Percent Change: -0.69%

TransAlta Closes $350 Million Bought Deal Offering of Common Shares

TransAlta (TA.TO) has closed its previously announced bought deal offering of common shares, said the company on Tuesday.The company issued a total of 18.23 million common shares at a price of $19.20 each for total gross proceeds of approximately $350 million, pursuant to the offering.The underwriters also have an option to purchase up to an additional of around 2.73 million common shares at the offering price, exercisable for a period of 30 days following the closing of the offering, for potential additional gross proceeds to TransAlta of approximately around $52.5 million.The company plans to use the net proceeds to fund the cash purchase price of its previously announced acquisition of two new natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado.The acquisition is expected to close early in the fourth quarter of 2026, subject to the satisfaction of certain closing conditions."If the Acquisition is not completed, the Company intends to use the net proceeds from the Offering to finance future growth opportunities including acquisitions, finance its capital development expenditures, reduce its outstanding indebtedness or for other general corporate purposes," added the company.The company's shares were last seen down $0.05 at $17.42 on the Toronto Stock Exchange.

TransAlta Down 3.9% After Hours as It Buys Two Colorado Natural-Gas Plants From Blackstone for US$1 Billion

TransAlta (TA.TO, TAC) was last seen down 3.9% in after-hours New York trading after the company on Wednesday said it agreed to acquire Mountain Peak Power and Canyon Peak Power in Colorado from Blackstone for about US$1 billion.The two natural-gas peaking facilities, located near Denver,, have a combined capacity of 318 megawatts. Mountain Peak Power has been operating since September 2025, while Canyon Peak Power is expected to begin commercial operations by the end of September.The company said the assets are expected to generate about US$80 million in annual adjusted EBITDA. "These assets will generate long-term contracted cash flows for redeployment into other growth prospects such as Centralia and Alberta data centres, and I am pleased with the continued meaningful progress on both projects," Chief Executive Joel Hunter added.The transaction is valued at about US$1 billion, including US$750 million of assumed project debt and US$250 million of equity. TransAlta plans to fund the equity portion through a concurrent $350-million bought-deal share offering, according to the statement.The acquisition is set to close in early Q4, subject to Canyon Peak Power entering commercial service, regulatory approvals, and other customary closing conditions, the company said.The company's shares were last seen down US$0.56 to US$13.90 after hours. They closed up $0.25 to $20.08 on the Toronto Stock Exchange.

TransAlta Announcing Acquisition of Two Fully-Contracted Gas Assets in Colorado and Concurrent $350 Million Bought Deal Offering of Common Shares

TransAlta's Q1 Earnings, Revenue Fall YoY

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.

Earnings Flash (TA.TO) TransAlta Corporation Reports Q1 Revenue $565.0M Vs $758M a Year Earlier

Earnings Flash (TA.TO) TransAlta Posts Q1 Adjusted EPS $0.06 per Share

TransAlta Reaffirms Annual Guidance

TransAlta Q1 Net Earnings Attributable to Common Shareholders of $13M, or $0.04 Per Share

RBC Changes Estimates for Select Canadian Energy Infrastructure Companies

RBC Capital Markets on Monday outlined estimate changes for select Canadian energy infrastructure companies ahead of the first-quarter earnings season.RBC raised the EBITDA estimate for Capital Power (CPX.TO) to C$400 million from $360 million while lowering the EBITDA forecast for Keyera (KEY.TO) to $210 million from $260 million. RBC cited seasonality profile changes to hedging and the related impacts.The EBITDA projection for Northland Power (NPI.TO) was raised to $430 million from $405 million to reflect RBC's expectation of higher European offshore wind resources.RBC cut the EBITDA estimate for TransAlta (TA.TO) to $217 million from $235 million due to lower power production levels.RBC raised its earnings forecast for Emera (EMA.TO) to $1.20 per share from $1.17 per share mainly due to more favorable weather at Tampa Electric, and higher-than-expected pricing volatility.The discounted cash flow estimate for Enbridge (ENB.TO) was lowered to $1.72 from $1.75 to reflect the anticipated impact from regulatory decisions by the CER on its MTS financial return calculation.RBC reduced its EBITDA estimate for Gibson Energy (GEI.TO) to $149 million from $154 million, driven by lower observed shipping activity.The earnings forecast for Hydro One (H.TO) was raised to $0.64 per share from $0.58 per share due to a higher-than-expected Ontario 60-minute peak demand and rate base growth.RBC boosted the EBITDA estimate for Pembina (PPL.TO) to $1.097 billion from $1.063 billion, primarily due to improvements in the frac spread benefiting Marketing.Price: $66.88, Change: $-0.37, Percent Change: -0.55%

TransAlta Names Mike Politeski CFO

TransAlta (TA.TO) said Monday that it appointed Mike Politeski as executive vice president for finance and chief financial officer, effective May 1.The company also named Grant Arnold as EVP for growth and chief commercial officer, effective May 6.TransAlta said the appointments correspond with the transition of current EVP and CFO, Joel Hunter, to the role of president and chief executive officer, effective April 30.Current President and CEO John Kousinioris is retiring April 30.Politeski has over 25 years of experience across capital markets, financial strategy, risk, treasury, financial reporting and tax. He most recently served as senior vice president for finance and treasurer at Veren.Meanwhile, Arnold has over 30 years of leadership, commercial and technical experience in the power generation and energy sector. He served as president and CEO of BluEarth Renewables.

TransAlta Appointing Mike Politeski as Chief Financial Officer and Grant Arnold as Chief Commercial Officer