Tenaris Stock Price, News & Analysis

Tenaris (NYSE:TS) reported 3Q 2025 results: net sales $2,978m, operating income $597m and shareholders' net income $446m. EBITDA was $753m (25.3% margin), including a $34m antidumping deposit return; adjusted EBITDA would be $719m (24.1%). Free cash flow was $133m after a $312m working capital increase. Net cash ended at $3.5bn following $351m of share buybacks. The board approved an interim dividend of $0.29 per share ($0.58 per ADS), payable Nov 26, 2025. Guidance: sales expected to stay near Q3 levels, but Q4 margins will reflect the full impact of higher tariffs.

Tenaris (NYSE:TS) has successfully completed the first tranche of its share buyback program, purchasing 33,059,955 ordinary shares for approximately USD600 million. The acquired shares represent 3.08% of the company's total issued share capital.

This first tranche is part of a larger USD1.2 billion share buyback program announced on June 6, 2025. The company executed these purchases between June 9 and September 30, 2025. Tenaris plans to cancel all treasury shares acquired under the program and has made transaction details available on its corporate website.

Tenaris (NYSE: TS) announced that its controlling shareholders San Faustin S.A. and Techint Holdings S.à r.l. have filed an amendment to their Schedule 13D with the SEC. The filing comes in response to Tenaris's ongoing share buyback program, which has caused San Faustin's ownership stake to passively increase.

On September 17, 2025, San Faustin's board authorized Techint Holdings to sell Tenaris shares while maintaining a minimum 67% ownership threshold. The timing and volume of sales will depend on market conditions, with no guarantee of completion. The controlling shareholders maintain the flexibility to purchase or sell shares based on market conditions but have no plans for extraordinary corporate transactions.

Tenaris (NYSE:TS) reported its Q2 2025 financial results, showing sequential growth but year-over-year declines. Net sales reached $3.09 billion, up 6% from Q1 2025 but down 7% from Q2 2024. The company achieved an EBITDA of $733 million with a 23.7% margin.

Key financial metrics include net income of $542 million (up 5% sequentially) and earnings per ADS of $0.99. The company maintained a strong financial position with $3.7 billion in net cash after distributing $600 million in dividends and spending $237 million on share buybacks.

For the outlook, Tenaris expects a moderate decline in sales for H2 2025 due to lower drilling activity and reduced line pipe project contributions. The recent increase in U.S. steel tariffs from 25% to 50% is expected to reduce OCTG imports and potentially increase prices.

Tenaris (NYSE: TS) announced that its controlling shareholder San Faustin S.A. has crossed a voting rights threshold due to Tenaris's recent share buyback program. Following the company's open market share repurchases between June 9-13, 2025, San Faustin's 713,605,187 shares now represent 66.82% of Tenaris's voting rights. This passive threshold crossing triggered a notification requirement under Luxembourg Transparency Law. San Faustin confirmed that Tenaris's control structure remains unchanged from what was disclosed in the 2024 annual report. Tenaris, a leading global supplier of steel tubes and related services for the energy industry, had previously announced its share buyback program on May 27, 2025.

Tenaris (NYSE: TS) has announced the commencement of a USD 600 million first tranche of its previously announced USD 1.2 billion share buyback program. The company has entered into a non-discretionary agreement with a primary financial institution that will independently manage the share purchases. The first tranche will begin on June 9, 2025, and conclude by December 8, 2025. The program will operate under applicable regulations, including during closed periods, with purchased shares to be cancelled. This initiative follows shareholder approval obtained at the May 6, 2025 general meeting. Tenaris, a leading global supplier of steel tubes for the energy industry, aims to execute this significant capital return program while maintaining compliance with Market Abuse Regulation 596/2014 and Commission Delegated Regulation (EU) 2016/1052.

Tenaris (NYSE: TS) has announced a significant share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of outstanding shares. The program, approved by the Board of Directors, will be executed within a year with the intention to cancel the repurchased shares.

The buyback initiative is driven by Tenaris's strong cash flow generation and robust balance sheet. The program will operate under the authority granted at the May 6, 2025 annual general meeting, with a maximum limit of 10% of company shares. Set to launch in June 2025, the buybacks will be executed through a primary financial institution and may be adjusted based on market conditions and regulatory compliance.

Tenaris (NYSE: TS) shareholders approved all resolutions at their Annual General Meeting and Extraordinary General Meeting on May 6, 2025. Key approvals include: - An annual dividend of $0.83 per share ($1.66 per ADR), totaling ~$0.9 billion - The remaining dividend payment of $0.56 per share will be paid on May 21, 2025 - Re-appointment of eleven directors to the Board - Cancellation of 90,762,598 treasury shares from share buyback programs - Reduction of share capital from $1.16 billion to $1.07 billion - Renewal of authorized unissued share capital The company also received shareholder approval for its 2024 consolidated financial statements, annual accounts, and the appointment of Forvis Mazars as statutory auditor for fiscal year 2025.

Tenaris reported its Q1 2025 financial results with net sales of $2.92 billion, showing a 3% increase from Q4 2024 but a 15% decrease year-over-year. The company's operating income reached $550 million, while net income stood at $518 million.

Key performance highlights include:

• EBITDA of $696 million with a 23.8% margin
• Strong free cash flow of $647 million
• Net cash position increased to $4.0 billion
• Tubes segment sales volume reached 987,000 metric tons

The company maintained stability despite market challenges, with seasonal volume increases in Canada and higher onshore sales in the USA offsetting lower OCTG premium product sales in Mexico, Turkey, and Saudi Arabia. Looking ahead, Tenaris expects Q2 sales to show a small increase as average selling prices recover, with EBITDA margins projected to remain in line with Q1 levels.