Alcoa reports Q4 EPS $1.26, consensus $1.01

Reports Q4 revenue $3.45B, consensus $3.27B. Production: Alumina production increased 1 percent sequentially to 2.48 million metric tons primarily related to higher output at the Australian refineries. In the Aluminum segment, production increased 4 percent sequentially to 604,000 metric tons primarily due to progress on the San Ciprian, Spain smelter restart. Shipments: In the Alumina segment, third-party shipments of alumina increased 5 percent sequentially primarily due to higher sales of externally sourced alumina to fulfill customer commitments and increased production. In Aluminum, total shipments increased 9 percent sequentially primarily due to increased production and timing of shipments. “Reflecting on 2025, we maintained our pace of delivering on key operational, strategic, and capital allocation objectives, while setting numerous production records,” said Alcoa (AA) President and CEO William Oplinger. “We continue to build on our positive momentum through disciplined operational and financial execution, along with strategic initiatives to maximize value creation.”