Alcoa Corp Stock Price, News & Analysis

Alcoa Corporation (NYSE: AA) reported second quarter 2025 results with revenue of $3.018 billion, down 10% sequentially. Net income was $164 million ($0.62 per share), while adjusted net income reached $103 million ($0.39 per share).

Key operational highlights include stable alumina production at 2.4 million metric tons and increased aluminum production of 572,000 metric tons. The company maintained a strong cash position of $1.5 billion and generated $488 million in cash from operations.

Notable developments include completing the sale of its 25.1% stake in Ma'aden joint venture for $1.35 billion, receiving a favorable Australian tax dispute decision, and managing increased U.S. tariff impacts on Canadian aluminum through market redirection. The company also announced the resumption of the San Ciprián smelter restart, expected to complete by mid-2026.

Alcoa Corporation (NYSE: AA) and joint venture partner IGNIS EQT announced the resumption of the San Ciprián smelter restart in Spain following a nationwide power outage on April 28 that affected both the refinery and smelter operations.

The restart decision comes after receiving assurances from the Spanish Government regarding grid resilience improvements and reliable energy supply. The joint venture expects the restart process to be completed by mid-2026.

Based on recent pricing, Alcoa projects a net loss of $90-110 million (pre-tax) for the smelter in 2025, equivalent to $0.35-0.42 per share. Cash used by operations is estimated at $110-130 million in 2025. These revised estimates reflect delays in restart completion and revenue shifting from 2025 to 2026.

Alcoa (NYSE: AA) has successfully completed the sale of its 25.1% ownership stake in the Ma'aden Joint Venture to Saudi Arabian Mining Company (Ma'aden) for a total consideration of approximately $1.35 billion. The transaction includes approximately 86 million Ma'aden shares valued at $1.2 billion and $150 million in cash, which will primarily cover taxes and transaction costs.

The company expects to record a gain of approximately $780 million in other income during Q3 2025. Following the transaction, Alcoa will maintain approximately 2% ownership in Ma'aden's current shares outstanding, with a mandatory three-year holding period. The shares can be sold in thirds after the third, fourth, and fifth anniversaries of the closing, with provisions for hedging and borrowing against the shares during the holding period.

The Ma'aden Joint Venture, established in 2009, operates as an integrated mining complex in Saudi Arabia, comprising the Ma'aden Bauxite and Alumina Company (MBAC) and the Ma'aden Aluminum Company (MAC).

Alcoa Corporation (NYSE: AA) has scheduled its second quarter 2025 financial results announcement for Wednesday, July 16, 2025, after the NYSE market close. The company will host a conference call at 5:00 p.m. EDT on the same day, featuring President and CEO William Oplinger and CFO Molly Beerman. The earnings release, financial results, and related presentation will be available on Alcoa's website. A telephone replay will be accessible until July 23, 2025, and the webcast will be archived on Alcoa's website. The call will include a live webcast and presentation slides accessible through the company's Investors section.

Alcoa Corporation (AA) has announced its participation in the Wolfe Research Materials of the Future Conference in New York on June 17, 2025. An Alcoa executive will engage in a Q&A session at 11:00 a.m. EDT, discussing the company's business outlook and current market conditions, including factors affecting quarterly financial results. A slide presentation will be available on Alcoa's website at 7:00 a.m. EDT. The session will be accessible via live audio webcast on the company's Investors section, with both transcript and audio replay available afterward.

Alcoa (NYSE: AA) has published its 2024 Sustainability Report, highlighting significant ESG achievements and operational milestones. The company demonstrated strong environmental stewardship with 86% renewable energy usage in smelters and a 2.03:1 ratio of mine rehabilitation to disturbance. Notable social impacts include zero worker fatalities, $1.6 billion in employee wages and benefits, and over 12,300 employee volunteer hours. Financial commitments to sustainability included $737.4 million allocated to Green Projects and $8.2 million invested in workforce development. The company maintained 18 ASI-certified operating locations and expanded its responsible sourcing program with 15 supplier site collaborations, marking a 10-site increase from 2023.

Alcoa Corporation (NYSE: AA) has announced a quarterly cash dividend payment. The company will distribute $0.10 per share for both its common stock and Series A convertible preferred stock. The dividend will be paid on June 6, 2025, to stockholders who are on record as of the market close on May 20, 2025.

Alcoa Corporation (NYSE: AA) has appointed Thomas J. Gorman as non-executive Chairman of the Board, effective May 8, 2025. Gorman, who has served as an independent director since May 2021, succeeds Steven W. Williams, who stepped down after over eight years of service. Gorman brings over 35 years of global business experience, having previously served as CEO of Brambles Ltd. and held senior executive positions at Ford Motor Company. He most recently served as Chair of Alcoa's People and Compensation Committee and was a member of the Governance and Nominating Committee.

Alcoa Corporation (AA) announced that President and CEO William F. Oplinger will participate in the Bank of America Global Metals, Mining & Steel Conference in Barcelona, Spain, on May 14, 2025. The Q&A session will begin at 5:15 a.m. EDT, focusing on Alcoa's business outlook and current market conditions.

A slide presentation will be available on Alcoa's website starting May 13, 2025, at 7:00 a.m. EDT. Investors can access the live audio webcast, transcript, and replay of the session through the "Investors" section of www.alcoa.com.