# TransAlta Q3 FFO Per Share Falls to C$0.46 as Revenue Declines

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/47693
Published: 2026-11-03T13:13:10.000Z
Updated: 2026-11-03T13:13:10.000Z
Section: Business

> Adjusted EBITDA rose to C$264 million from C$238 million, and the company remains confident in its 2026 outlook. TransAlta also plans to mothball two Alberta generating units in 2027.

TransAlta Corporation's third-quarter funds from operations (FFO) fell to C$146 million, or C$0.46 per share, as revenue and electricity output declined despite higher adjusted EBITDA year over year. The quarter ended Sept. 30, 2026, and all figures are in Canadian dollars.

FFO was C$156 million, or C$0.53 per share, in the year-earlier quarter. Revenue decreased to C$536 million from C$615 million, and electricity production fell to 5,260 gigawatt-hours from 6,151 gigawatt-hours. Operational availability was 92.6%, compared with 92.7% a year earlier.

Adjusted EBITDA increased to C$264 million from C$238 million. Net earnings attributable to common shareholders were C$63 million, or C$0.20 per share, compared with a C$62 million loss, or C$0.20 per share, in the third quarter of 2025. TransAlta remains confident in meeting its 2026 outlook.

FFO and adjusted EBITDA are non-IFRS measures. FFO is not standardized under International Financial Reporting Standards (IFRS) and may not be comparable across companies.

TransAlta notified the Alberta Electric System Operator on Monday, Nov. 2, that it plans to mothball Battle River Units 4 and 5 starting March 1, 2027. The period may extend through Jan. 1, 2029. The company also extended the mothballing of Sundance 6, potentially through April 1, 2029. The units could return to service if market conditions improve or TransAlta secures contracts. Referring to the generating units, President and CEO Joel Hunter said, “The facilities continue to hold significant value.”

TransAlta is advancing its Keephills data-center project, now named the Boreal Technology Hub. The company is also working on a solution to deploy underutilized generation to support reliability needs and data-center load in Alberta.