美国铝业(AA)二季度盈利营收不及预期下调全年氧化铝产销指引

金吾财讯

Jul 17

金吾财讯 | 铝业巨头美国铝业 (AA) 发布 2026 年第二季度财报，当期非 GAAP 每股收益 2.12 美元，低于市场预期 0.07 美元；总营收 39.7 亿美元，同比增长 31.9%，较机构预估少 1.9 亿美元，业绩整体不及市场一致预期。企业同步下调全年氧化铝产销目标，Pinjarra 精炼厂产能扰动为核心拖累因素。

产能端调整幅度明确，全年氧化铝产量预期由原区间下调 20 万至 30 万吨至 950 万 - 960 万吨，出货量下调 30 万至 40 万吨至 1150 万 - 1160 万吨；该厂自 3 月下旬生产稳定性欠佳，叠加飓风造成天然气供应中断进一步加剧减产压力。原铝全年产量、出货量维持原有指引不变，分别为 240 万 - 260 万吨、260 万 - 280 万吨，产销差值主要来自外部氧化铝采购与贸易周转。

三季度盈利修复具备多重支撑，氧化铝板块受益 Pinjarra 产能恢复、能源价格下行，调整后 EBITDA 环比增厚约 1000 万美元，仅巴西两座冶炼厂计划性检修形成小幅对冲；原铝业务生产效率提升可完全抵消碳价上涨、海外能源销售季节性下滑带来的压力，232 条款铝进口关税成本、氧化铝原料成本各环比减少 1000 万美元。企业同时提示三季度运营税费支出区间 8000 万至 9000 万美元，随全球铝、氧化铝现货价格波动存在浮动空间。

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美国铝业(AA)二季度盈利营收不及预期 下调全年氧化铝产销指引\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086022552\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time\">2026-07-17 18:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>金吾财讯 | 铝业巨头<a href=\"https://laohu8.com/S/AA\">美国铝业</a> (AA) 发布 2026 年第二季度财报，当期非 GAAP 每股收益 2.12 美元，低于市场预期 0.07 美元；总营收 39.7 亿美元，同比增长 31.9%，较机构预估少 1.9 亿美元，业绩整体不及市场一致预期。企业同步下调全年氧化铝产销目标，Pinjarra 精炼厂产能扰动为核心拖累因素。</p><p>产能端调整幅度明确，全年氧化铝产量预期由原区间下调 20 万至 30 万吨至 950 万 - 960 万吨，出货量下调 30 万至 40 万吨至 1150 万 - 1160 万吨；该厂自 3 月下旬生产稳定性欠佳，叠加飓风造成天然气供应中断进一步加剧减产压力。原铝全年产量、出货量维持原有指引不变，分别为 240 万 - 260 万吨、260 万 - 280 万吨，产销差值主要来自外部氧化铝采购与贸易周转。</p><p>三季度盈利修复具备多重支撑，氧化铝板块受益 Pinjarra 产能恢复、能源价格下行，调整后 EBITDA 环比增厚约 1000 万美元，仅巴西两座冶炼厂计划性检修形成小幅对冲；原铝业务生产效率提升可完全抵消碳价上涨、海外能源销售季节性下滑带来的压力，232 条款铝进口关税成本、氧化铝原料成本各环比减少 1000 万美元。企业同时提示三季度运营税费支出区间 8000 万至 9000 万美元，随全球铝、氧化铝现货价格波动存在浮动空间。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4153","symbol_name":"铝","start_time":0,"source_url":"302690","article_id":"2652402124","we_media_id":"1086022552","thumbnails":["https://static.szfiu.com/news/20250107/ZmY2NTQyNTc0MzU2NTg=.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652402124","pubTimestamp":1784284013,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"金吾财讯","introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"summary":"企业同步下调全年氧化铝产销目标，Pinjarra 精炼厂产能扰动为核心拖累因素。原铝全年产量、出货量维持原有指引不变，分别为 240 万 - 260 万吨、260 万 - 280 万吨，产销差值主要来自外部氧化铝采购与贸易周转。企业同时提示三季度运营税费支出区间 8000 万至 9000 万美元，随全球铝、氧化铝现货价格波动存在浮动空间。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4153":"铝","AA":"美国铝业","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"Alcoa (AA) Q2 Earnings Revenue Misses Estimates, Cuts Full-Year Alumina Production and Sales Guidance","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AA":0.9},"content_text":"金吾财讯 | 铝业巨头美国铝业 (AA) 发布 2026 年第二季度财报，当期非 GAAP 每股收益 2.12 美元，低于市场预期 0.07 美元；总营收 39.7 亿美元，同比增长 31.9%，较机构预估少 1.9 亿美元，业绩整体不及市场一致预期。企业同步下调全年氧化铝产销目标，Pinjarra 精炼厂产能扰动为核心拖累因素。产能端调整幅度明确，全年氧化铝产量预期由原区间下调 20 万至 30 万吨至 950 万 - 960 万吨，出货量下调 30 万至 40 万吨至 1150 万 - 1160 万吨；该厂自 3 月下旬生产稳定性欠佳，叠加飓风造成天然气供应中断进一步加剧减产压力。原铝全年产量、出货量维持原有指引不变，分别为 240 万 - 260 万吨、260 万 - 280 万吨，产销差值主要来自外部氧化铝采购与贸易周转。三季度盈利修复具备多重支撑，氧化铝板块受益 Pinjarra 产能恢复、能源价格下行，调整后 EBITDA 环比增厚约 1000 万美元，仅巴西两座冶炼厂计划性检修形成小幅对冲；原铝业务生产效率提升可完全抵消碳价上涨、海外能源销售季节性下滑带来的压力，232 条款铝进口关税成本、氧化铝原料成本各环比减少 1000 万美元。企业同时提示三季度运营税费支出区间 8000 万至 9000 万美元，随全球铝、氧化铝现货价格波动存在浮动空间。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}