Overview * Alcoa Q3 revenue of $3.0 bln missed analyst expectations, per LSEG data * Co reports lower-than-expected adjusted loss per share for Q3 * Net income for Q3 rises to $232 mln, driven by asset sales and restructuring Outlook * Alcoa expects 2025 alumina production between 9.5 and 9.7 mln metric tons * Alcoa expects 2025 aluminum production between 2.3 and 2.5 mln metric tons * Company expects 4Q25 Alumina Segment EBITDA to improve by $80 mln Result Drivers * PRODUCTION INCREASE – Alumina production rose 4% due to reduced maintenance at Australian refineries, while aluminum production increased 1% with progress at the San Ciprián smelter * REVENUE DECLINE – Revenue decreased 1% sequentially, affected by lower alumina prices and decreased trading activity * NET INCOME DRIVERS – Net income of $232 mln was influenced by a gain from the Ma’aden joint venture sale and restructuring charges for the Kwinana refinery closure Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Miss $2.99 $3.13 Revenue bln bln (9 Analysts ) Q3 Beat -$0.02 -$0.04 Adjusted (6 EPS Analysts ) Q3 EPS $0.88 Q3 Beat -$6 mln -$12.56 Adjusted mln (4 Net Analysts Income ) Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell" * The average consensus recommendation for the aluminum peer group is "buy" * Wall Street's median 12-month price target for Alcoa Corp is $40.50, about 8.1% above its October 21 closing price of $37.23 Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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