TransAlta Corp (NYSE:TAC)

Q3 2025 TransAlta Corp Earnings Call Transcript

Nov 6, 2025 / 04:00 PM GMT

Release Date Price: $14.94 (-11.44%)

Transcript

Key Points

Positve

TransAlta Corp (TAC) delivered solid performance in Q3 2025, with adjusted EBITDA of $238 million and free cash flow of $105 million.
The company maintained a high average fleet availability of 92.7%, demonstrating resilience in challenging market conditions.
TransAlta Corp (TAC) successfully extended its committed credit facilities totaling $2.1 billion, enhancing financial flexibility.
The Alberta portfolio hedging strategy generated realized prices well above spot prices, contributing to strong financial results.
Progress was made on key projects, including the Alberta data center and Centralia project, which are expected to support future growth and reliability.

Negative

Adjusted EBITDA was $77 million lower than Q3 2024, impacted by lower Alberta and mid-sea power prices and subdued market volatility.
The hydro segment experienced a decrease in adjusted EBITDA due to lower spot power prices and ancillary services revenue.
Energy marketing adjusted EBITDA decreased by $25 million due to subdued market volatility and lower realized settled trades.
The Alberta spot power price averaged $51 per megawatt hour, lower than the previous year, affecting overall revenue.
The timeline for the data center project in Alberta has been slower than anticipated, with discussions taking longer to finalize.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TA.TO - TransAlta Corp
Q3 2025 TransAlta Corp Earnings Call
Nov 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Livia, and I'll be your conference operator today. At this time, I would like to welcome everyone to Transalta Corporation 3rd quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press 11 on your top phone keypad. If you would like to withdraw your question, please press 11 again.

Thank you, Miss Ferris. You may begin your conference.

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Unidentified_2 [2]
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