---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-096260"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:16:03.597419+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alcoa Q2 net income $164M ($0.62 EPS) on revenue $3.0B; adj. EBITDA $313M down from $855M prior Q

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-096260
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000095017025096260/0000950170-25-096260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000095017025096260/aa-20250716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-096260
- JSON: https://secwatch.observer/filing/0000950170-25-096260.json
- Plain text: https://secwatch.observer/filing/0000950170-25-096260.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.