Tenaris completes USD600 million First Tranche of its Share Buyback Program

Rhea-AI Summary

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.

Positive

• Completion of USD600 million share buyback demonstrates strong financial position
• Repurchased 3.08% of total issued share capital, enhancing shareholder value
• Planned cancellation of treasury shares will reduce share count and potentially increase EPS

Negative

• Significant cash outlay of USD600 million reduces available capital for operations or investments

LUXEMBOURG, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of the first USD600 million tranche of its USD1.2 billion Share Buyback Program announced on June 6, 2025 (the “Program”).

During this first tranche, which ran from June 9, 2025, to (and including) September 30, 2025, the Company purchased a total of 33,059,955 ordinary shares, representing 3.08% of its total issued share capital, for a total consideration of €516,588,880, or approximately USD600 million.

As of September 30, 2025, the 33,059,955 ordinary shares that the Company bought in the first tranche of the Program are held in treasury.

Tenaris intends to cancel all treasury shares purchased under the Program in due course.

Details of the above transactions are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program.

Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.

Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com

FAQ

How many shares did Tenaris (NYSE:TS) repurchase in its first buyback tranche?

Tenaris repurchased 33,059,955 ordinary shares, representing 3.08% of its total issued share capital.

What is the total value of Tenaris's (NYSE:TS) share buyback program?

The total share buyback program is valued at USD1.2 billion, with the first tranche of USD600 million now completed.

When did Tenaris (NYSE:TS) complete its first buyback tranche?

Tenaris completed the first tranche on September 30, 2025, after executing purchases from June 9 to September 30, 2025.

What will Tenaris (NYSE:TS) do with the repurchased shares?

Tenaris intends to cancel all treasury shares purchased under the buyback program in due course.

How much did Tenaris (NYSE:TS) spend on the first tranche of its buyback?

Tenaris spent €516,588,880 (approximately USD600 million) on the first tranche of its share buyback program.