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

TransAlta wind farm near Pincher Creek, Alta., Wednesday, March 9, 2016. THE CANADIAN PRESS/Jeff McIntosh

CALGARY — Shares of TransAlta Corp. fell more than 11 per cent in trading Thursday after the company reported a loss of $62 million attributable common shareholders.

The company's shares closed 11.22 per cent lower on the Toronto Stock Exchange at $21.13.

The power utility says its loss amounted to 20 cents per diluted share for the quarter ended Sept. 30 compared with a loss of $36 million or 12 cents per diluted share a year ago.

Revenue totalled $615 million, down from $638 million in the same quarter last year.

On an adjusted basis, TransAlta says it lost two cents per share in its latest quarter compared with an adjusted profit of 12 cents per share a year earlier.

The company also announced Thursday that chief executive John Kousinioris plans to retire effective April 30, 2026, and will be replaced by Joel Hunter, TransAlta’s chief financial officer.

This report by The Canadian Press was first published Nov. 6, 2025.

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The Canadian Press