Power utility TransAlta reports Q3 loss, shares down more than 13%

1 Day ago 3

Calgary

Shares of TransAlta Corp. fell much than 13 per cent successful trading Thursday aft the institution reported a nonaccomplishment of $62 million.

Company shares down $3.23 successful day trading connected Toronto Stock Exchange

The Canadian Press

· Posted: Nov 06, 2025 6:19 PM EST | Last Updated: November 6

Text to Speech Icon

Listen to this article

Estimated 1 minute

The audio mentation of this nonfiction is generated by text-to-speech, a exertion based connected artificial intelligence.

Wind turbines are seen successful  the foreground with the Rocky Mountains successful  the distance.
TransAlta upwind turbines are shown astatine a upwind workplace adjacent Pincher Creek, Alta. The institution reported a nonaccomplishment of $62 cardinal implicit the 3rd 4th this year. (Jeff McIntosh/The Canadian Press)

Shares of TransAlta Corp. fell much than 13 per cent successful trading Thursday aft the institution reported a nonaccomplishment of $62 million.

The company's shares were down $3.23 oregon 13.6 per cent astatine $20.57 successful day trading connected the Toronto Stock Exchange.

The powerfulness inferior says its nonaccomplishment amounted to 20 cents per diluted stock for the 4th ended Sept. 30, compared with a nonaccomplishment of $36 cardinal oregon 12 cents per diluted stock a twelvemonth ago.

Revenue totalled $615 million, down from $638 cardinal successful the aforesaid 4th past year.

On an adjusted basis, TransAlta says it mislaid 2 cents per stock successful its latest 4th compared with an adjusted nett of 12 cents per stock a twelvemonth earlier.

The institution besides announced Thursday that main enforcement John Kousinioris plans to discontinue effectual April 30, 2026, and volition beryllium replaced by Joel Hunter, TransAlta's main fiscal officer.

Read the entire article