secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2026-07-16T20:12:48+00:00
Accession:  0001193125-26-306118
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa Q2 2026: record revenue $4.0B, adj. EPS $2.12, announces $4.1B South32 acquisition
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- Revenue $3,966M (record), net income $407M ($1.53 EPS); adjusted net income $562M ($2.12 EPS).
- Adjusted EBITDA $901M, up 51% sequentially; cash from ops $608M, free cash flow $422M.
- Entered definitive agreement to acquire South32's bauxite, alumina, aluminum assets for ~$4.1B upfront plus up to $750M contingent.
- Alumina production down 6% sequentially to 2.2M mt due to Pinjarra refinery disruptions; aluminum production up 5% to 636K mt on restarts.
- Redeemed remaining $219M of 6.125% Senior Notes due 2028; cash balance $1.4B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000119312526306118/0001193125-26-306118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000119312526306118/aa-20260716.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-306118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer