[6-K] Tenaris S. A. Current Report (Foreign Issuer)
Tenaris S.A. (TS) filed a Form 6-K reporting weekly progress on the first tranche of its previously announced USD 1.2 billion share-buyback program. Between 30 June and 4 July 2025, the company repurchased 1,702,505 ordinary shares for a total consideration of €27.2 million (≈USD 31.98 million), averaging roughly USD 18.79 per share. After these purchases, Tenaris holds 15,396,773 treasury shares, representing 1.44 % of issued capital. Management intends to cancel the repurchased shares, which would permanently reduce the share count and be accretive to per-share metrics. The current activity represents only about 5 % of the USD 600 million earmarked for the first tranche, indicating substantial capacity for further repurchases. No operational or earnings data were disclosed; the filing is limited to the mechanics of the buyback. Investors can find transaction details on the company’s website under the Share Buyback Program section.
Tenaris S.A. (TS) ha presentato un modulo 6-K riportando i progressi settimanali sulla prima tranche del suo programma di riacquisto azionario precedentemente annunciato per un valore di 1,2 miliardi di USD. Tra il 30 giugno e il 4 luglio 2025, la società ha riacquistato 1.702.505 azioni ordinarie per un controvalore totale di 27,2 milioni di € (circa 31,98 milioni di USD), con un prezzo medio di circa 18,79 USD per azione. Dopo questi acquisti, Tenaris detiene 15.396.773 azioni proprie, pari al 1,44% del capitale emesso. La direzione intende annullare le azioni riacquistate, riducendo così permanentemente il numero di azioni in circolazione e migliorando i parametri per azione. L’attività attuale rappresenta circa il 5% dei 600 milioni di USD destinati alla prima tranche, lasciando ampio margine per ulteriori riacquisti. Non sono stati divulgati dati operativi o sugli utili; il documento si limita agli aspetti tecnici del riacquisto. Gli investitori possono trovare i dettagli delle transazioni sul sito web della società, nella sezione dedicata al Programma di Riacquisto Azionario.
Tenaris S.A. (TS) presentó un Formulario 6-K informando sobre el progreso semanal de la primera fase de su programa de recompra de acciones previamente anunciado por 1.200 millones de USD. Entre el 30 de junio y el 4 de julio de 2025, la compañía recompró 1.702.505 acciones ordinarias por un monto total de 27,2 millones de € (≈31,98 millones de USD), con un precio promedio de aproximadamente 18,79 USD por acción. Tras estas compras, Tenaris posee 15.396.773 acciones en tesorería, que representan el 1,44 % del capital emitido. La dirección tiene la intención de cancelar las acciones recompradas, lo que reduciría permanentemente el número de acciones en circulación y mejoraría las métricas por acción. La actividad actual representa solo alrededor del 5 % de los 600 millones de USD asignados para la primera fase, lo que indica una capacidad considerable para futuras recompras. No se divulgaron datos operativos ni de ganancias; el informe se limita a los aspectos técnicos de la recompra. Los inversores pueden encontrar detalles de las transacciones en la página web de la compañía, en la sección del Programa de Recompra de Acciones.
테나리스 S.A. (TS)는 이전에 발표한 12억 달러 규모의 자사주 매입 프로그램 첫 번째 분할에 대한 주간 진행 상황을 보고하는 Form 6-K를 제출했습니다. 2025년 6월 30일부터 7월 4일 사이에 회사는 1,702,505주 보통주를 총 2,720만 유로(약 3,198만 달러)에 매입했으며, 주당 약 18.79 달러의 평균 가격을 기록했습니다. 이 매입 후 테나리스는 15,396,773주 자사주를 보유하고 있으며, 이는 발행 주식의 1.44%에 해당합니다. 경영진은 매입한 주식을 소각할 계획이며, 이는 주식 수를 영구적으로 줄이고 주당 지표를 개선할 것입니다. 현재 매입 규모는 첫 번째 분할에 배정된 6억 달러의 약 5%에 불과해 추가 매입 여력이 충분함을 나타냅니다. 운영 실적이나 수익 데이터는 공개되지 않았으며, 제출 문서는 매입 절차에 한정되어 있습니다. 투자자들은 회사 웹사이트의 자사주 매입 프로그램 섹션에서 거래 세부 정보를 확인할 수 있습니다.
Tenaris S.A. (TS) a déposé un formulaire 6-K rapportant les progrès hebdomadaires de la première tranche de son programme de rachat d’actions annoncé précédemment, d’un montant de 1,2 milliard USD. Entre le 30 juin et le 4 juillet 2025, la société a racheté 1 702 505 actions ordinaires pour un montant total de 27,2 millions d’euros (≈31,98 millions USD), soit un prix moyen d’environ 18,79 USD par action. Après ces achats, Tenaris détient 15 396 773 actions propres, représentant 1,44 % du capital émis. La direction a l’intention d’annuler les actions rachetées, ce qui réduirait définitivement le nombre d’actions en circulation et améliorerait les indicateurs par action. L’activité actuelle ne représente qu’environ 5 % des 600 millions USD alloués à la première tranche, indiquant une capacité importante pour des rachats supplémentaires. Aucune donnée opérationnelle ou de résultat n’a été divulguée ; le dépôt se limite aux aspects techniques du rachat. Les investisseurs peuvent consulter les détails des transactions sur le site web de la société, dans la section Programme de rachat d’actions.
Tenaris S.A. (TS) hat ein Formular 6-K eingereicht, das den wöchentlichen Fortschritt der ersten Tranche seines zuvor angekündigten 1,2 Milliarden USD Aktienrückkaufprogramms berichtet. Zwischen dem 30. Juni und 4. Juli 2025 hat das Unternehmen 1.702.505 Stammaktien für insgesamt 27,2 Millionen € (≈31,98 Millionen USD) zurückgekauft, was einem Durchschnittspreis von etwa 18,79 USD pro Aktie entspricht. Nach diesen Käufen hält Tenaris 15.396.773 eigene Aktien, was 1,44 % des ausgegebenen Kapitals entspricht. Das Management beabsichtigt, die zurückgekauften Aktien zu annullieren, was die Anzahl der Aktien dauerhaft reduzieren und die Kennzahlen je Aktie verbessern würde. Die aktuelle Aktivität entspricht nur etwa 5 % der für die erste Tranche vorgesehenen 600 Millionen USD, was auf erhebliches Potenzial für weitere Rückkäufe hinweist. Es wurden keine operativen oder Gewinnzahlen veröffentlicht; die Meldung beschränkt sich auf die Mechanik des Rückkaufs. Anleger können Details zu den Transaktionen auf der Website des Unternehmens im Bereich Aktienrückkaufprogramm finden.
- Execution of buyback: 1.7 million shares repurchased for USD 32 million signals management commitment to returning capital.
- Planned share cancellation: Reduces share count and supports EPS accretion once completed.
- Large remaining capacity: Only ~5 % of the USD 600 million tranche spent, allowing further potential support for the stock.
- Limited scale so far: Weekly purchase equals just 0.16 % of shares outstanding—insufficient to materially affect valuation today.
- Cash deployment risk: Continued buybacks will consume up to USD 600 million, reducing cash available for growth or dividends.
Insights
TL;DR: Modestly positive—buyback progresses but still small versus total program.
The weekly update confirms execution discipline on the USD 600 million tranche, enhancing capital-return visibility. The purchase of 1.7 million shares (~0.16 % of shares outstanding) is immaterial to valuation today but indicates management confidence and cushions EPS. At 1.44 % of capital now held in treasury, future cancellations could drive incremental ROE improvement. Cash outflow of USD 32 million is marginal against Tenaris’s strong balance sheet, so financial flexibility remains intact. Overall impact: limited yet directional positive.
TL;DR: Buyback progress underlines shareholder-friendly stance; mildly bullish signal.
While the dollar amount repurchased this week is small, the action demonstrates follow-through on a sizeable USD 1.2 billion authorization—roughly 8 % of TS’s market cap. Planned cancellation should create permanent EPS accretion and provides downside support to the share price during volatile energy markets. Absence of new financial data limits immediate re-rating potential, yet continued execution could become a catalyst as tranche spending accelerates.
Tenaris S.A. (TS) ha presentato un modulo 6-K riportando i progressi settimanali sulla prima tranche del suo programma di riacquisto azionario precedentemente annunciato per un valore di 1,2 miliardi di USD. Tra il 30 giugno e il 4 luglio 2025, la società ha riacquistato 1.702.505 azioni ordinarie per un controvalore totale di 27,2 milioni di € (circa 31,98 milioni di USD), con un prezzo medio di circa 18,79 USD per azione. Dopo questi acquisti, Tenaris detiene 15.396.773 azioni proprie, pari al 1,44% del capitale emesso. La direzione intende annullare le azioni riacquistate, riducendo così permanentemente il numero di azioni in circolazione e migliorando i parametri per azione. L’attività attuale rappresenta circa il 5% dei 600 milioni di USD destinati alla prima tranche, lasciando ampio margine per ulteriori riacquisti. Non sono stati divulgati dati operativi o sugli utili; il documento si limita agli aspetti tecnici del riacquisto. Gli investitori possono trovare i dettagli delle transazioni sul sito web della società, nella sezione dedicata al Programma di Riacquisto Azionario.
Tenaris S.A. (TS) presentó un Formulario 6-K informando sobre el progreso semanal de la primera fase de su programa de recompra de acciones previamente anunciado por 1.200 millones de USD. Entre el 30 de junio y el 4 de julio de 2025, la compañía recompró 1.702.505 acciones ordinarias por un monto total de 27,2 millones de € (≈31,98 millones de USD), con un precio promedio de aproximadamente 18,79 USD por acción. Tras estas compras, Tenaris posee 15.396.773 acciones en tesorería, que representan el 1,44 % del capital emitido. La dirección tiene la intención de cancelar las acciones recompradas, lo que reduciría permanentemente el número de acciones en circulación y mejoraría las métricas por acción. La actividad actual representa solo alrededor del 5 % de los 600 millones de USD asignados para la primera fase, lo que indica una capacidad considerable para futuras recompras. No se divulgaron datos operativos ni de ganancias; el informe se limita a los aspectos técnicos de la recompra. Los inversores pueden encontrar detalles de las transacciones en la página web de la compañía, en la sección del Programa de Recompra de Acciones.
테나리스 S.A. (TS)는 이전에 발표한 12억 달러 규모의 자사주 매입 프로그램 첫 번째 분할에 대한 주간 진행 상황을 보고하는 Form 6-K를 제출했습니다. 2025년 6월 30일부터 7월 4일 사이에 회사는 1,702,505주 보통주를 총 2,720만 유로(약 3,198만 달러)에 매입했으며, 주당 약 18.79 달러의 평균 가격을 기록했습니다. 이 매입 후 테나리스는 15,396,773주 자사주를 보유하고 있으며, 이는 발행 주식의 1.44%에 해당합니다. 경영진은 매입한 주식을 소각할 계획이며, 이는 주식 수를 영구적으로 줄이고 주당 지표를 개선할 것입니다. 현재 매입 규모는 첫 번째 분할에 배정된 6억 달러의 약 5%에 불과해 추가 매입 여력이 충분함을 나타냅니다. 운영 실적이나 수익 데이터는 공개되지 않았으며, 제출 문서는 매입 절차에 한정되어 있습니다. 투자자들은 회사 웹사이트의 자사주 매입 프로그램 섹션에서 거래 세부 정보를 확인할 수 있습니다.
Tenaris S.A. (TS) a déposé un formulaire 6-K rapportant les progrès hebdomadaires de la première tranche de son programme de rachat d’actions annoncé précédemment, d’un montant de 1,2 milliard USD. Entre le 30 juin et le 4 juillet 2025, la société a racheté 1 702 505 actions ordinaires pour un montant total de 27,2 millions d’euros (≈31,98 millions USD), soit un prix moyen d’environ 18,79 USD par action. Après ces achats, Tenaris détient 15 396 773 actions propres, représentant 1,44 % du capital émis. La direction a l’intention d’annuler les actions rachetées, ce qui réduirait définitivement le nombre d’actions en circulation et améliorerait les indicateurs par action. L’activité actuelle ne représente qu’environ 5 % des 600 millions USD alloués à la première tranche, indiquant une capacité importante pour des rachats supplémentaires. Aucune donnée opérationnelle ou de résultat n’a été divulguée ; le dépôt se limite aux aspects techniques du rachat. Les investisseurs peuvent consulter les détails des transactions sur le site web de la société, dans la section Programme de rachat d’actions.
Tenaris S.A. (TS) hat ein Formular 6-K eingereicht, das den wöchentlichen Fortschritt der ersten Tranche seines zuvor angekündigten 1,2 Milliarden USD Aktienrückkaufprogramms berichtet. Zwischen dem 30. Juni und 4. Juli 2025 hat das Unternehmen 1.702.505 Stammaktien für insgesamt 27,2 Millionen € (≈31,98 Millionen USD) zurückgekauft, was einem Durchschnittspreis von etwa 18,79 USD pro Aktie entspricht. Nach diesen Käufen hält Tenaris 15.396.773 eigene Aktien, was 1,44 % des ausgegebenen Kapitals entspricht. Das Management beabsichtigt, die zurückgekauften Aktien zu annullieren, was die Anzahl der Aktien dauerhaft reduzieren und die Kennzahlen je Aktie verbessern würde. Die aktuelle Aktivität entspricht nur etwa 5 % der für die erste Tranche vorgesehenen 600 Millionen USD, was auf erhebliches Potenzial für weitere Rückkäufe hinweist. Es wurden keine operativen oder Gewinnzahlen veröffentlicht; die Meldung beschränkt sich auf die Mechanik des Rückkaufs. Anleger können Details zu den Transaktionen auf der Website des Unternehmens im Bereich Aktienrückkaufprogramm finden.
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 July 4, 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 30, 2025 – July 4, 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: July 4, 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 30, 2025 – July 4, 2025) on the First Tranche of Tenaris Share Buyback Program.
Luxembourg, July 4, 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 30, 2025 to (and including) July 4, 2025:
From June 30, 2025 to (and including) July 4, 2025, the Company has purchased a total of 1,702,505 ordinary shares for a total consideration of €27,200,630, equivalent to USD31,975,944.
As of July 4, 2025, the Company held in treasury 15,396,773 ordinary shares equal to 1.44% 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.
FAQ
How many Tenaris (TS) shares were repurchased this week?
What was the total amount spent on the buyback during the period?
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Will the repurchased Tenaris shares be cancelled?
