{"filings":[{"id":1415437,"accession_number":"0000950103-26-010155","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-07-02T20:17:43+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"Alcoa to acquire South32's bauxite, alumina, and aluminum assets for $3.1B cash plus stock","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total upfront consideration: $3.1B cash + ~17M Alcoa shares (valued ~$1B, ~6% ownership post-issuance).","Up to $750M contingent consideration based on average alumina and aluminum prices over four annual periods.","Transaction expected to close in H1 2027, subject to South32 shareholder approval and regulatory approvals.","Alcoa secured a $3.1B bridge loan commitment from Goldman Sachs to fund cash portion if permanent financing not obtained.","Break fees: South32 pays $41M or $82M to Alcoa in certain termination scenarios; Alcoa pays $82M to South32 in others."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-07-02","daily_digest_url":"/daily/2026-07-02","daily_digest_rank":4},{"id":1369356,"accession_number":"0000950103-26-009899","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-07-01T10:15:05+00:00","items":["7.01","9.01"],"status":"ready","headline":"Alcoa acquires South32's bauxite, alumina, aluminum assets for $4.1B upfront plus up to $750M CVR","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Upfront consideration: $3.1B cash + ~17M Alcoa shares (~$1.0B) for total $4.1B; implied enterprise value ~$4.7B including lease debt.","Expected synergies of ~$900M NPV; accretive to EPS and FCF immediately post-close.","Assets: Boddington bauxite mine, Worsley alumina refinery (Australia); Hillside smelter (South Africa); MRN bauxite, Alumar refinery/smelter (Brazil). Excludes Mozal.","CVR up to $750M based on alumina/aluminum price triggers over four annual periods starting July 1, 2026.","Expected close H1 2027; subject to South32 shareholder approval, regulatory approvals; fully committed bridge financing from Goldman Sachs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":13965,"accession_number":"0001193125-26-216915","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-05-11T20:32:05+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Alcoa shareholders approve amended equity plan, increase authorized shares to 38M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amended Stock and Incentive Compensation Plan approved with 195.8M for, 2.3M against; shares increased from 30M to 38M.","All 11 director nominees elected; James A. Hughes had 15.3M against votes (highest opposition).","Advisory say-on-pay approved: 187.2M for, 10.9M against.","Ratification of PwC as 2026 auditor passed with 216.0M for, 0.7M against.","Plan amendments include one-year minimum vesting, cash incentive awards, director cap of $750k/year, term extended to 2036."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94604,"accession_number":"0001193125-26-203996","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Alcoa extends $1.25B revolving credit facility maturity to June 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity date of the $1.25B revolving credit facility extended to June 27, 2028.","Credit spread adjustment and sustainability rate adjustments removed from facility.","Lender consent fee of 0.05% of commitment paid to participating lenders.","All existing lenders and borrowers reaffirm guarantees and security interests unchanged.","Aggregate commitments remain $1.25 billion; other terms substantially comparable."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94603,"accession_number":"0001193125-26-159018","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-04-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q1 net income $425M, adjusted EPS $1.40; redeems $219M notes","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $3.2B, net income $425M ($1.60 EPS); adjusted EPS $1.40 vs $2.15 YoY.","Adjusted EBITDA $595M, up $68M sequentially on higher aluminum prices.","Cash $1.4B; redeemed $219M of 6.125% notes due 2028 on May 15, 2026.","San Ciprián smelter restart completed safely in April 2026.","Alumina shipments down 31% sequentially due to Middle East conflict and Cyclone Narelle."],"consensus_eps_estimate":1.5385,"consensus_eps_actual":1.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":3193000000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94602,"accession_number":"0001193125-26-154986","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-04-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa to redeem $219M of 6.125% Notes due 2028 on May 15, 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Alcoa Nederland subsidiary will redeem all $218.7M ($219M) of 6.125% Notes due 2028 on May 15, 2026.","Redemption price is 100% of principal plus accrued interest to redemption date, funded from cash on hand.","The full redemption eliminates the outstanding notes originally maturing in 2028."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107112,"accession_number":"0001193125-26-019438","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2026-01-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q4 2025 revenue $3.45B, net income $226M; FY25 net income $1.17B vs $60M prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $3.45B (+15% sequentially); net income $226M ($0.85/sh); adjusted net income $335M ($1.26/sh).","FY25 revenue $12.8B (+8% YoY); net income $1.17B ($4.42/sh) vs $60M in FY24.","Q4 adjusted EBITDA ex-specials $546M (+$276M seq); FY25 $1.98B (+25% YoY).","Operating cash flow $1.2B; free cash flow $567M; redeemed $141M 2027 notes; cash balance $1.6B.","Set production records at five smelters, one refinery; closed Ma'aden JV sale; submitted WA EPA mine plan responses."],"consensus_eps_estimate":0.9429,"consensus_eps_actual":4.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":12831000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl+finnhub","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123450,"accession_number":"0001193125-25-297348","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa Nederland to redeem all $141M of 5.500% Notes due 2027 on Dec 15","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Aggregate principal of $141 million (5.500% notes due 2027) to be redeemed on December 15, 2025.","Redemption price at 100% of principal plus accrued interest to redemption date.","Funded from cash on hand; company reported $1.49 billion cash at September 30, 2025.","Notes are senior unsecured obligations guaranteed by Alcoa Corp and certain subsidiaries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123449,"accession_number":"0001193125-25-246788","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-10-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q3 net income $232M but adjusted loss $0.02/share; Kwinana closure charge $895M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $3.0B (flat); net income $232M ($0.88 EPS) includes $895M restructuring charge for Kwinana closure and $786M gain on Ma'aden JV sale.","Adjusted net loss $6M ($0.02/share); adjusted EBITDA $270M down $43M sequentially due to tariffs, asset retirement costs, currency.","Alumina production up 4% to 2.5M tonnes; aluminum production up 1% to 579K tonnes; cash balance $1.5B.","Massena smelter gets long-term energy contract with NYPA and $60M capital investment; gallium plant at Wagerup advances with govt support.","Kwinana refinery permanently closed; term loan fully repaid ($74M); Australia mine approvals expected by end of 2026."],"consensus_eps_estimate":-0.2123,"consensus_eps_actual":3.57,"consensus_revenue_estimate":null,"consensus_revenue_actual":9382000000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140122,"accession_number":"0001193125-25-223652","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-09-30T23:59:59+00:00","items":["2.05","2.06"],"status":"ready","headline":"Alcoa permanently closes Kwinana alumina refinery; records ~$890M charges","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total restructuring charges of ~$890M ($623M after-tax, $2.41/share) in Q3 2025.","Charges include $425M for asset retirement/environmental remediation and $265M of asset impairments.","Total cash outlays expected ~$600M over six years; ~$75M in Q4 2025 (restructuring $45M, retirement $30M).","Refinery has 2.2M metric ton nameplate capacity; fully curtailed since June 2024; ~220 employees affected.","Demolition and remediation to begin in 2026, continuing over next six years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140121,"accession_number":"0000950170-25-096260","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-07-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q2 net income $164M ($0.62 EPS) on revenue $3.0B; adj. EBITDA $313M down from $855M prior Q","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $3.0B down 10% sequentially; net income $164M ($0.62 EPS) vs $548M ($2.07) in Q1.","Adjusted EBITDA ex-special items $313M vs $855M in Q1; tariff costs ~$115M on Canadian imports.","Completed sale of 25.1% Ma'aden JV interest for $1.35B (shares + cash); expected Q3 gain ~$780M.","Australian tax dispute settled favorably; refund of $69M received; cash taxes $225M payable by June 2026.","San Ciprián smelter restart resumed, completion mid-2026; expected 2025 net loss $90-110M, cash use $110-130M."],"consensus_eps_estimate":0.32,"consensus_eps_actual":2.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":6387000000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140120,"accession_number":"0000950170-25-092214","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-07-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa closes sale of 25.1% Ma'aden JV stake for $1.35B in shares and cash","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received ~86M Ma'aden shares (valued ~$1.2B) and $150M cash; expects ~$780M gain in Q3 2025.","Alcoa must hold shares min 3 years; can sell one-third after each of 3rd, 4th, 5th anniversaries.","Post-transaction, Alcoa owns ~2% of Ma'aden's outstanding shares.","Citi acted as exclusive financial advisor; White & Case served as legal counsel."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157766,"accession_number":"0000950170-25-070438","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-05-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Alcoa shareholders elect all 11 director nominees, ratify auditor, approve say-on-pay at 2025 meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All 11 board nominees elected; each received over 184M votes for, with largest opposition at 8.7M against for M.A. Citrino.","Ratification of PricewaterhouseCoopers as 2025 auditor passed with 207.7M for, 0.7M against.","Advisory say-on-pay proposal approved with 169.8M for, 17.0M against, and 6.1M abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157765,"accession_number":"0000950170-25-060610","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-04-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa wins Australian tax dispute; ATO may appeal within 28 days","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["ART ruled no additional tax owed on historic alumina sales transfer pricing, backing Alcoa's position.","Prepaid $74M (A$107M) in Q3 2020; prepaid tax asset now $67M (A$107M) as of March 31, 2025.","ATO has 28 days to appeal; if no appeal, refund of $67M expected in June 2025.","Net cash impact over 14 months: ~$149M (A$236M) outflow at current rates (refund minus cash taxes on interest deductions).","Dispute covered transfer pricing on third-party alumina sales; no additional tax owed per ART decision."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157764,"accession_number":"0000950170-25-054726","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-04-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q1 net income $548M; adjusted EBITDA $855M; debt repositioning & JV signed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $548M ($2.07 EPS) vs $202M in Q4 2024; adjusted net income $568M ($2.15 EPS).","Revenue $3.37B, down 3% sequentially; alumina shipments down 8%, aluminum shipments down 5%.","Adjusted EBITDA ex-special items $855M, up 26% sequentially, driven by higher aluminum prices.","Incurred $20M in U.S. Section 232 tariffs on Canadian aluminum imports; actively engaging policymakers.","Completed $1B notes issuance (6.125%-6.375% due 2030/32) and tendered $890M of existing debt."],"consensus_eps_estimate":null,"consensus_eps_actual":2.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":3369000000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":157763,"accession_number":"0001193125-25-069604","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-04-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa forms JV with IGNIS for San Ciprián; smelter restart planned for 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Alcoa holds 75% interest, IGNIS 25% in JV; contributed $81M and $27M respectively.","Planned restart of San Ciprián smelter in 2025, commitment from 2021 curtailment.","2024 smelter net loss $50M; negative cash from ops $60M; expects 2025 loss of $80-100M.","Up to $108M additional funding by Alcoa with priority in cash returns; further funding requires partner approval.","Restart capex ~$10M, included in unchanged total capex guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176137,"accession_number":"0001193125-25-055682","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-03-17T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Alcoa subsidiary issues $1B senior notes: 6.125% due 2030, 6.375% due 2032","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Alumina Pty Ltd, a wholly-owned Alcoa subsidiary, issued $500M of 6.125% notes due 2030 and $500M of 6.375% notes due 2032.","The notes are senior unsecured and guaranteed by Alcoa Corporation and certain of its subsidiaries.","Issuer may redeem the 2030 notes on/after March 15, 2027, and 2032 notes on/after March 15, 2028, at set redemption prices.","Upon a change of control repurchase event, holders can require repurchase at 101% of principal plus accrued interest.","The offering was private under Rule 144A and Regulation S; net proceeds not specified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176136,"accession_number":"0001193125-25-055211","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-03-17T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa completes tender for $609M of 2027 notes; accepts $281M of 2028 notes","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Tendered $609.1M of $750M 5.500% notes due 2027 at $1,002.47 per $1,000; $140.9M remain outstanding.","Accepted $281.3M of $500M 6.125% notes due 2028 at $1,012.50 per $1,000; increased cap from $250M.","Settlement for both tender offers expected on March 19, 2025.","Capped Note offer expires March 31, 2025; no further acceptances currently expected."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176135,"accession_number":"0001193125-25-054700","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-03-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa announces cash tender offer for $750M 5.500% notes due 2027 at $1,002.47 per $1,000","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Consideration per $1,000 principal is $1,002.47 (excl. accrued interest); yield based on 2.875% UST due June 2025 plus 0 bps spread.","Outstanding principal of $750M; notes issued by Alcoa Nederland Holding B.V., fully guaranteed by Alcoa.","Tender offer expires March 14, 2025; settlement expected March 19, 2025.","Offer conditioned on financing condition; dealer managers are Morgan Stanley and BofA Securities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176134,"accession_number":"0001193125-25-044205","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-03-03T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa subsidiary prices $1B senior notes offering to fund tender offers for existing notes","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Alumina Pty Ltd, Alcoa's wholly owned sub, priced $1B senior notes; 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guaranteed by Alcoa and certain subsidiaries.","Tender offers for any and all $750M 5.500% notes due 2027 and up to $250M of $500M 6.125% notes due 2028.","Tender offers expire Mar 14 (2027 notes) and Mar 31 (2028); early tender premium of $30 per $1,000 for 2028 notes.","Offering not conditioned on tender completion; proceeds used for tender and general corporate purposes.","Financing condition requires pricing and closing of new notes; guarantees also provided for credit facilities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176132,"accession_number":"0001193125-25-031203","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-02-21T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Alcoa Chairman Steven Williams to step down at 2025 annual meeting, board reduces to 11","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Williams will not stand for re-election; term ends at conclusion of 2025 Annual Meeting.","He has served as director since 2016 and as Chairman since 2021.","Decision is not due to any disagreement with the Board or Company.","Board size will be reduced to 11 directors effective immediately upon his departure.","CEO William Oplinger thanked Williams for his service and leadership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176131,"accession_number":"0000950170-25-007765","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2025-01-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q4 net income $202M, adj EPS $1.04; FY24 revenue $11.9B, EBITDA $1.6B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $3,486M (+20% QoQ), net income $202M (+124% QoQ), diluted EPS $0.76; adjusted EPS $1.04.","FY24 revenue $11,895M (+13% YoY), net income $60M vs FY23 loss $651M; adjusted EBITDA $1,589M (+196%).","Alumina production 2.39M mt (-2% QoQ); aluminum production 571K mt (+2% QoQ); third-party alumina shipments +12%.","MoU signed for San Ciprián complex with Spanish government and IGNIS EQT; profitability program exceeded $645M target with $675M improvements.","Cash balance $1.1B; green bond net proceeds $737M; repaid $385M Alumina Limited debt; quarterly dividend $0.10/sh."],"consensus_eps_estimate":null,"consensus_eps_actual":0.26,"consensus_revenue_estimate":null,"consensus_revenue_actual":11895000000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193038,"accession_number":"0001193125-24-268405","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-12-02T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"Alcoa repays $385M Alumina revolver, terminates facility with no penalties","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Repaid $385M outstanding on Alumina Ltd revolving credit facility on Nov 29, 2024.","Cancelled all $385M in lender commitments; no early termination penalties incurred.","Facility had tranches maturing Oct 2025 ($100M), Jan 2026 ($150M), Jul 2026 ($150M), Jun 2027 ($100M).","Prior cancellations in Aug 2024 reduced commitments by $115M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193037,"accession_number":"0000950170-24-115018","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-10-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q3 net income $90M ($0.38/sh); adj. net income $135M; Alumina Ltd acquisition closed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue flat sequentially at $2.9B; Adjusted EBITDA ex-special items rose to $455M from $325M in Q2.","Completed Alumina Limited acquisition on Aug 1, 2024; announced sale of 25.1% Ma'aden interest for ~$1.1B.","Profitability improvement program 80% of $645M target achieved; on track for full target by year-end 2025.","Paid $0.10/share quarterly dividend; cash balance $1.3B; secured new 9-year power agreement with AGL for Portland smelter.","Alumina production down 4% sequentially; aluminum production up 3%; long-term alumina supply deal with Alba (16.5M tonnes)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.72,"consensus_revenue_estimate":null,"consensus_revenue_actual":8409000000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209406,"accession_number":"0001193125-24-219242","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-09-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa to sell 25.1% Ma'aden JV stake for ~$1.1B in shares and cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration: ~86M Ma'aden shares (valued at $950M) plus $150M cash, totaling ~$1.1B.","Carrying value of Alcoa's investment was $545M as of June 30, 2024; transaction expected to close H1 2025.","Alcoa must hold Ma'aden shares for minimum 3 years, with one-third transferable after 3rd, 4th, and 5th anniversaries.","Closing subject to regulatory approvals and Ma'aden shareholder approval; pro forma Alcoa would own ~2% of Ma'aden."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209405,"accession_number":"0000950103-24-011378","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.01","2.03","3.02","3.03","5.02","5.03","8.01","9.01"],"status":"ready","headline":"Alcoa completes acquisition of Alumina Limited for ~$2.8B in all-stock deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Implied equity value ~$2.8B based on 0.02854 Alcoa shares per Alumina share (closing price July 26).","Alcoa issued 78.8M common shares and 4.04M non-voting convertible preferred shares to Alumina holders.","Alcoa now fully owns AWAC (bauxite and alumina assets); expects synergies from simplified governance.","Alumina had $385M drawn under its $500M revolving credit facility, which Alcoa assumes.","Board expanded to 12; appointed John Bevan and Alistair Field (former Alumina directors) effective Aug 1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209404,"accession_number":"0000950170-24-084275","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-07-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa reports Q2 net income of $20M; revenue up 12% sequentially; Alumina acquisition to close Aug 1","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $2,906M, up 12% sequentially; net income $20M ($0.11 EPS) vs. Q1 loss of $252M.","Adjusted net income $30M ($0.16 EPS); Adjusted EBITDA excluding special items $325M vs. $132M in Q1.","Alumina production down 5% to 2.53M tonnes due to Kwinana full curtailment; aluminium output up for 7th straight quarter.","Alumina Limited acquisition expected to close on/about August 1, 2024; all regulatory approvals received.","Quarterly cash dividend maintained at $0.10/share; cash balance $1.4B; free cash flow $123M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":5505000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209403,"accession_number":"0000950103-24-010089","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-07-17T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Alcoa shareholders approve share issuance for Alumina Limited acquisition","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Approved issuance of Alcoa common and non-voting convertible preferred stock to Alumina Ltd shareholders (126.2M for, 376.5K against).","Adjournment proposal also approved but not needed; final votes: 117.3M for, 9.2M against.","Special meeting held July 16, 2024; vote advances Alcoa's acquisition of Alumina Limited."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209402,"accession_number":"0000950170-24-082696","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-07-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa reports preliminary Q2 net income $5-$25M vs Q1 loss $252M; EBITDA $310-$330M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue expected $2,850-$2,925M, up from $2,599M in Q1 2024, on higher alumina and aluminum prices.","Adjusted net income $15-$35M ($0.08-$0.19 per share) vs Q1 adjusted loss of $145M ($0.81 loss per share).","Alumina segment EBITDA $180-$190M; Aluminum segment EBITDA $230-$240M, both sequentially higher.","Cash balance ~$1.4B at June 30; acquisition of Alumina Limited on track to close on or about August 1, 2024.","Kwinana refinery fully curtailed in June 2024; San Ciprián funding expected exhausted by end of 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":5505000000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209401,"accession_number":"0000950103-24-009727","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-07-08T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Alcoa adds standalone financial projections to proxy for Alumina deal amid litigation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Alcoa standalone 2024E revenue $9,566M, adj. EBITDA $570M, unlevered FCF ($580)M.","Alumina Limited standalone 2024E revenue $1,830M, adj. EBITDA $91M, unlevered FCF ($189)M.","J.P. Morgan DCF implies Alcoa equity $22.35-$28.50/share vs. $29.85 close; Alumina $0.70-$0.90 vs. $0.81.","Two stockholder lawsuits and eight demand letters allege insufficient proxy disclosures; Alcoa supplements proxy.","UBS was engaged Oct. 18, 2023 as financial advisor to Alcoa board for the transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227423,"accession_number":"0000950103-24-008148","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-06-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Alcoa expects to close Alumina Ltd acquisition by Aug 1, 2024; sets shareholder vote","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Alcoa filed definitive proxy on June 6; shareholder special meeting to vote on transaction scheduled for July 16, 2024.","Brazilian antitrust authority CADE approved acquisition on May 13; Australian ACCC indicated no public review.","Alumina shareholders to vote on acquisition on July 18; second court hearing set for July 22 if vote succeeds.","Independent Expert Report declares transaction fair and reasonable for Alumina shareholders.","Completion expected on or about August 1, subject to shareholder approvals and Foreign Investment Review Board clearance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227422,"accession_number":"0001193125-24-142916","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["1.01","1.02","3.02","8.01","9.01"],"status":"ready","headline":"Alcoa amends Alumina acquisition deal; CITIC to get ~1.5% stake as non-voting preferred","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Amendment allows CITIC affiliate (~18.9% holder of Alumina) to receive non-voting convertible preferred stock instead of CDIs to comply with Bank Holding Company Act.","The non-voting preferred shares represent about 1.5% of pro forma Alcoa common stock; economic rights equivalent to CDIs.","Alcoa and Allan Gray mutually terminated Conditional Share Sale Agreement; Allan Gray reaffirms support for the scheme.","Transaction remains on track to close in Q3 2024, subject to shareholder and regulatory approvals (FIRB, Brazil antitrust)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227421,"accession_number":"0001193125-24-140571","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Alcoa shareholders elect all 10 directors, approve say-on-pay, reject lobbying report","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All 10 director nominees elected; highest votes for William Oplinger at 117.5M for.","Ratification of PwC as auditor approved: 136.1M for, 0.8M against.","Advisory vote on 2023 executive compensation passed: 114.9M for, 3.0M against.","Non-binding lobbying report proposal failed: 42.7M for, 75.0M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":19556878084.857414,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227420,"accession_number":"0000950170-24-045115","cik":1675149,"company_name":"Alcoa Corp","ticker":"AA","form_type":"8-K","filed_at":"2024-04-17T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Alcoa Q1 revenue $2.6B, net loss $252M; 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