Energy Giant Tenaris Launches Massive Share Repurchase, Boosts Investor Confidence
Rhea-AI Filing Summary
Tenaris has announced significant progress in its USD1.2 billion Share Buyback Program, reporting details of the First Tranche activities from June 16-20, 2025. During this period, the company:
- Repurchased 4,603,981 ordinary shares for €72,758,161 (USD83,850,276)
- Holds 8,759,170 treasury shares (0.82% of total issued share capital)
- Plans to execute up to USD600 million in open market purchases under the First Tranche
The company, a leading global supplier of steel tubes for the energy industry, intends to cancel the repurchased treasury shares. This buyback program, initially announced on June 6, 2025, demonstrates Tenaris's commitment to returning value to shareholders while maintaining its strong market position in the energy sector.
Positive
- Tenaris announced a substantial $1.2 billion share buyback program, with first tranche of $600 million to be executed in open market
- Company has already executed $83.85 million (approximately 14%) of the first tranche buyback within the first week
- Treasury shares will be cancelled, indicating a permanent reduction in share count that benefits remaining shareholders
Negative
- None.
FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of June 20, 2025
TENARIS, S.A.
(Translation of Registrant's name into English)
26, Boulevard Royal, 4th floor
L-2449 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.
Form 20-F _Ö_ Form 40-F ___
The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Weekly Report (June 16, 2025 – June 20, 2025) on the First Tranche of Tenaris Share Buyback Program.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: June 20, 2025
Tenaris, S.A.
By: /s/ Giovanni Sardagna
Giovanni Sardagna
Investor Relations Officer
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
Weekly Report (June 16, 2025 – June 20, 2025) on the First Tranche of Tenaris Share Buyback Program.
Luxembourg, June 20, 2025. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its First Tranche of the USD1.2 billion Share Buyback Program announced on June 6, 2025, covering up to USD 600 million to be executed in the open market, it has repurchased the following ordinary shares from June 16, 2025 to (and including) June 20, 2025:
From June 16, 2025 to (and including) June 20, 2025, the Company has purchased a total of 4,603,981 ordinary shares for a total consideration of €72,758,161, equivalent to USD83,850,276.
As of June 20, 2025, the Company held in treasury 8,759,170 ordinary shares equal to 0.82% of the total issued share capital.
Tenaris intends to cancel treasury shares purchased under the Programs 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.