Tenaris weekly buybacks: treasury at 2.48% after €58.47M purchases
Rhea-AI Filing Summary
Tenaris reported that under the First Tranche of its USD1.2 billion share buyback program (with up to USD600 million to be executed in the open market), it repurchased 3,813,885 ordinary shares from August 4 to August 8, 2025 for a total consideration of €58,467,805 (equivalent to USD67,863,378). As of August 8, 2025 the company held 26,534,450 treasury shares, representing 2.48% of issued share capital. Tenaris states it intends to cancel treasury shares purchased under the program in due course, and provides transaction details on its investor website.
The announcement also includes a standard forward-looking statement cautioning that outcomes may be affected by risks such as future oil and gas prices.
Positive
- 3,813,885 shares repurchased between August 4 and August 8, 2025 for €58,467,805 (USD67,863,378)
- Treasury holdings increased to 26,534,450 ordinary shares, representing 2.48% of issued share capital
- Intent to cancel repurchased treasury shares stated, indicating potential permanent reduction in issued share capital
- Transactions disclosed publicly and detailed on the company's investor website under the Share Buyback Program section
Negative
- None.
Insights
TL;DR: Tenaris executed roughly $67.9M of buybacks this week, reducing outstanding shares and signaling capital-return priority.
The company repurchased 3,813,885 shares for €58.47M (USD67.86M) during the week of August 4–8, 2025, applying part of the open-market allowance within the USD600M tranche. The buybacks increase treasury holdings to 26,534,450 shares (2.48% of issued capital) and the firm has stated intent to cancel repurchased shares, which, if executed, will reduce share count. For investors, this is a tangible capital-return action and demonstrates management is deploying cash toward buybacks during the program window.
TL;DR: Disclosure is clear and includes cancellation intent; routine governance practice but watch timing of cancellations.
Tenaris provided concise weekly disclosure on purchases and current treasury holdings and directed investors to a web page with transaction details. The explicit statement that repurchased shares will be cancelled in due course is governance-relevant because cancellation permanently reduces issued share capital rather than holding shares indefinitely as treasury stock. The filing does not specify a timeline for cancellations, so the practical governance impact depends on when cancellations are executed.
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 August 8, 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 (August 4, 2025 – August 8, 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: August 8, 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 (August 4, 2025 – August 8, 2025) on the First Tranche of Tenaris Share Buyback Program.
Luxembourg, August 8, 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 August 4, 2025 to (and including) August 8, 2025:
From August 4, 2025 to (and including) August 8, 2025, the Company has purchased a total of 3,813,885 ordinary shares for a total consideration of €58,467,805, equivalent to USD67,863,378.
As of August 8, 2025, the Company held in treasury 26,534,450 ordinary shares equal to 2.48% 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 shares did Tenaris (TS) repurchase from August 4 to August 8, 2025?
What was the total cost of Tenaris's (TS) buybacks for August 4–8, 2025?
How many treasury shares does Tenaris (TS) hold after these purchases?
Are the repurchased shares going to be cancelled?
Under which program were these shares repurchased?
Where can I find more details about the buyback transactions?
