---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001501"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:51:57.368133+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alcoa Q3 net loss $168M; adjusted EBITDA $70M amid lower alumina and aluminum prices

## Summary
- Net loss $168M ($0.94/share) vs $102M loss in Q2; adjusted loss $1.14/share.
- Revenue $2.6B down 3% sequentially; lower alumina and aluminum prices partially offset by higher shipments.
- Adjusted EBITDA $70M down from $137M Q2; cash from operations $69M, free cash flow negative $76M.
- Kwinana refinery restructuring initiated; $6M charge in Q3, ~$10M annual savings anticipated.
- New 9-year power agreement with AGL for Portland smelter (300 MW) effective July 2026.

## SEC filing metadata
- accession: 0001157523-23-001501
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2023-10-18T23:59:59+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/1675149/000115752323001501/0001157523-23-001501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000115752323001501/a53594023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001501
- JSON: https://secwatch.observer/filing/0001157523-23-001501.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001501.txt

## Key facts
- Earnings Releases
  Alcoa Corp reported third quarter 2023 results: revenue $2,602, net income $(168), EPS $(0.94).
  - Period: third quarter 2023
  - Revenue: $2,602
  - Net income: $(168)
  - EPS: $(0.94)
  - Result: reported results
  source text: from operations despite lower sequential average realized prices for alumina and aluminum. Financial Results and Highlights M, except per share amounts 3Q23 2Q23 3Q22 Revenue $2,602 $2,684 $2,851 Net loss attributable to Alcoa Corporation $(168) $(102) $(746) Loss per share attributable to Alcoa Corporation $(0.94) $(0.57) $(4.17) Adjusted net loss $(202)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675149/000115752323001501/0001157523-23-001501-index.htm

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