TransAlta (TAC) Expected to Release Earnings on Friday

TransAlta (NYSE:TAC) (TSE:TA) is projected to release its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect TransAlta to announce earnings of $0.11 per share and revenue of $379.5410 million for the quarter. Parties may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.

TransAlta (NYSE:TAC) (TSE:TA) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. TransAlta had a negative net margin of 9.46% and a positive return on equity of 9.52%. The business had revenue of $406.19 million during the quarter, compared to analysts’ expectations of $436.36 million. On average, analysts expect TransAlta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TransAlta Stock Performance

Shares of TAC stock opened at $14.12 on Friday. TransAlta has a one year low of $11.38 and a one year high of $17.88. The company has a debt-to-equity ratio of 6.61, a quick ratio of 0.70 and a current ratio of 0.76. The firm’s 50 day moving average price is $13.61 and its 200-day moving average price is $13.16. The firm has a market cap of $4.46 billion, a P/E ratio of -26.14 and a beta of 0.69.

Analysts Set New Price Targets

A number of research firms have commented on TAC. Weiss Ratings upgraded TransAlta from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Scotiabank raised TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th. Zacks Research downgraded TransAlta from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of TransAlta in a research note on Friday, July 17th. Finally, TD Securities restated a “buy” rating on shares of TransAlta in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Institutional Investors Weigh In On TransAlta

A number of hedge funds have recently added to or reduced their stakes in TAC. Caitong International Asset Management Co. Ltd purchased a new position in TransAlta in the 4th quarter valued at approximately $37,000. Ritter Alpha LP acquired a new position in shares of TransAlta in the fourth quarter worth $131,000. Virtu Financial LLC acquired a new position in shares of TransAlta in the fourth quarter worth $147,000. Orion Porfolio Solutions LLC purchased a new stake in shares of TransAlta during the second quarter worth $159,000. Finally, Public Sector Pension Investment Board purchased a new stake in shares of TransAlta during the fourth quarter worth $194,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

TransAlta Company Profile

TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.