---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000580"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:40:44.654873+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alcoa Q1 net loss $231M, adjusted EBITDA $240M; Intalco closure, San Ciprián restart plans

## Summary
- Revenue $2.7B, flat sequentially; net loss $231M ($1.30/shr) vs $395M loss in Q4 2022.
- Adjusted EBITDA ex special items $240M, up $211M sequentially on higher aluminum/alumina prices.
- Permanently closing Intalco smelter (Wash.) with $117M charge; San Ciprián restart planned Jan 2024.
- Cash balance $1.1B; free cash flow negative $246M; quarterly dividend $0.10/shr maintained.
- 2023 shipments unchanged: alumina 12.7–12.9M mt, aluminum 2.5–2.6M mt; Q2 alumina EBITDA to fall ~$55M.

## SEC filing metadata
- accession: 0001157523-23-000580
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000115752323000580/0001157523-23-000580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000115752323000580/a53380791.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000580
- JSON: https://secwatch.observer/filing/0001157523-23-000580.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000580.txt

## Key facts
- Earnings Releases
  Alcoa Corp reported first quarter 2023 results: revenue $2,670, net income $(231), EPS $(1.30).
  - Period: first quarter 2023
  - Revenue: $2,670
  - Net income: $(231)
  - EPS: $(1.30)
  - Result: reported results
  source text: EcoSource TM brand of low carbon alumina to include non-metallurgical grades, in addition to smelter grade Financial Results M, except per share amounts 1Q23 4Q22 1Q22 Revenue $2,670 $2,663 $3,293 Net (loss) income attributable to Alcoa Corporation $(231) $(395) $469 (Loss) earnings per share attributable to Alcoa Corporation $(1.30) $(2.24) $2.49 Adjusted net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675149/000115752323000580/0001157523-23-000580-index.htm

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