NYSE$TAC
TransAlta Corp · Q4 2025 earnings
Q4 2025 earnings ·
Briefing
TransAlta reported lower fourth quarter 2025 revenue and Adjusted EBITDA year-over-year and posted a net loss attributable to common shareholders.
TransAlta generated Q4 2025 revenues of 599000000 and Adjusted EBITDA of 247000000, down from the prior year, while free cash flow improved year-over-year. The company reported a net loss attributable to common shareholders of 62000000.
- Revenues were 599000000 compared to 678000000 in Q4 2024.
- Adjusted EBITDA was 247000000 versus 282000000 in the prior year period.
- Free cash flow increased to 93000000 from 46000000 year-over-year.
- Net loss attributable to common shareholders was 62000000, or 0.21 per share.
Headline financials
Revenue & EPS history
TransAlta Corp · Revenue · Quarterly
$437M
Forward guidance
For 2026, TransAlta expects Adjusted EBITDA of 950000000 to 1050000000 and free cash flow of 350000000 to 450000000.
Tailwinds
- 2026 Adjusted EBITDA guidance of 950000000 to 1050000000.
- 2026 Free Cash Flow guidance of 350000000 to 450000000.
- Higher expected contributions from Hydro, Gas and Wind and Solar segments.
- Higher contributions from the Gas segment due to the acquisition of Far North.
- Lower net interest expense expected due to refinancing and amortization.
Headwinds
- Lower contribution from the Energy Transition segment due to cessation of coal dispatch at Centralia.
- Lower contribution from Alberta merchant gas portfolio due to lower hedge prices and higher fuel costs.
- Lower contributions from Sarnia due to contract expiry and decommissioning.
- Higher income tax expense expected in 2026.
- Adjusted EBITDA in 2025 declined year-over-year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q4 2025
-2.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
-12.1%
Avg return
30 days after
67%
2 / 3 earnings
Positive
+3.6%
Q4 2025
Best reaction
-11.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | +1.4% | +0.6% | |
| Q3 2025 | -11.4% | -7.9% | -16.7% | |
| Q4 2025 | +3.6% | +9.2% | -20.3% |
Discussion
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