TAC
TransAlta Corporation
TAC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
TAC Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Strong | |
| Weak |
TAC's cash flow is currently strong, and its profitability is stable, but its revenue and balance sheet are under pressure.
TAC PE Valuation
TAC has no meaningful PE right now: it lost money over the past year.
TAC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect TAC's earnings to grow and its profitability to improve, with its revenue holding steady.
TAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.17 | +$0.23 |
| Q1 2026 | -$0.52 | -$0.51 |
| Q4 2025 | -$0.45 | -215% |
| Q3 2025 | -$0.46 | -212% |
| Q2 2025 | -$0.40 | -127% |
| Q1 2025 | -$0.01 | -101% |
| Q4 2024 | $0.39 | -78% |
| Q3 2024 | $0.41 | -76% |
TAC is still losing money, but far less than before: $0.17 per share over the past year, against $1.63 at its worst in late 2021.
TAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $342.4M | +12% |
| Q1 2026 | $398.2M | -25% |
| Q4 2025 | $420.8M | -12% |
| Q3 2025 | $432.4M | -3.6% |
| Q2 2025 | $304.4M | -26% |
| Q1 2025 | $532.9M | -20% |
| Q4 2024 | $476.7M | +8.7% |
| Q3 2024 | $448.5M | -37% |
TAC's revenue is recovering but still below its 2023 peak: $342M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +30 points |
| Q1 2026 | 4.3% | -8.9 points |
| Q4 2025 | -15% | -16 points |
| Q3 2025 | 1.8% | -13 points |
| Q2 2025 | -0.5% | -28 points |
| Q1 2025 | 13% | -22 points |
| Q4 2024 | 0.9% | -2.5 points |
| Q3 2024 | 14% | -36 points |
TAC's operating margin was 29% last quarter, up 30 points from the same quarter a year ago.
TAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $12M | -78% |
| Q1 2026 | $65.6M | +$84.5M |
| Q4 2025 | $103.3M | +45% |
| Q3 2025 | $137.8M | +29% |
| Q2 2025 | $55.5M | +68% |
| Q1 2025 | -$19M | -115% |
| Q4 2024 | $71M | +40% |
| Q3 2024 | $106.9M | -70% |
TAC still generates free cash flow, though less than at its 2023 peak: $319M over the past year.
TAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.7% | +5M shares |
| 1 year | +1.3% | +4M shares |
| 3 years | +14% | +38M shares |
| 5 years | +12% | +32M shares |
| Available history | +7.1% | +20M shares |
TAC has 302M diluted shares, up 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $14.8M |
| Q1 2025 | $2.1M |
| Q4 2024 | $20.4M |
| Q3 2024 | $16.9M |
TAC hasn't bought back shares in the past year.
TAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.9x | High |
| Q1 2026 | 6.1x | High |
| Q4 2025 | 5.7x | High |
| Q3 2025 | 5.8x | High |
| Q2 2025 | 5.7x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 3.8x | Elevated |
| Q3 2024 | 3.5x | Elevated |
TAC's net debt is about 4.9 years of its operating earnings (EBITDA), down from 5.7 years a year ago.
TAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 65.9 | Neutral |
TAC's weekly RSI is 54 (neutral) and its Stochastic is 66 (neutral).
TAC PE vs Utilities Sector
| Metric | TAC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
TAC has no meaningful PE right now: it lost money over the past year.
TAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.7 | 4.8% above |
| 20 week MA | $12.7 | 4.4% above |
| 50 week MA | $12.9 | 2.6% above |
| 100 week MA | $12.5 | 6.6% above |
| 200 week MA | $10.5 | 26% above |
TAC is in an uptrend: it's above all five of its weekly moving averages, and 26% above its 200-week average.
TAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.03 | $7.37 | +4.8% |
| 2021 | $7.37 | $11.1 | +51% |
| 2022 | $11.1 | $8.78 | -21% |
| 2023 | $8.78 | $8.31 | -5.4% |
| 2024 | $8.31 | $14.2 | +71% |
| 2025 | $14.2 | $12.8 | -9.8% |
| 2026 YTD | $12.8 | $13.3 | +3.4% |
TAC has finished lower in three of the last six years. It's up 3.4% so far in 2026.