[6-K] Tenaris S. A. Current Report (Foreign Issuer)
Tenaris S.A. (TS) filed a Form 6-K on 18 Jul 2025 disclosing weekly activity under the first tranche of its USD1.2 bn share buyback program launched 6 Jun 2025. Between 14–18 Jul 2025 the company repurchased 2,836,581 ordinary shares on the open market, spending €45.6 m (≈USD53.0 m). This represents roughly 8.8 % of the USD600 m tranche and 4.4 % of the total program authorization.
Following the purchases, Tenaris now holds 20,058,339 treasury shares, equal to 1.87 % of issued share capital. Management states that these shares will be cancelled in due course, implying a modest reduction in shares outstanding and potential accretion to per-share metrics.
No additional operating or financial figures were provided. Full transaction details are available on the company website; forward-looking language cautions that oil-and-gas demand could affect future results.
Tenaris S.A. (TS) ha presentato un Modulo 6-K il 18 luglio 2025, divulgando l'attività settimanale relativa alla prima tranche del suo programma di riacquisto azionario da 1,2 miliardi di USD lanciato il 6 giugno 2025. Tra il 14 e il 18 luglio 2025, la società ha riacquistato 2.836.581 azioni ordinarie sul mercato aperto, spendendo 45,6 milioni di euro (circa 53,0 milioni di USD). Ciò rappresenta circa l'8,8% della tranche da 600 milioni di USD e il 4,4% dell'autorizzazione totale del programma.
A seguito di questi acquisti, Tenaris detiene ora 20.058.339 azioni proprie, pari all'1,87% del capitale sociale emesso. La direzione comunica che queste azioni saranno cancellate a tempo debito, comportando una modesta riduzione delle azioni in circolazione e un possibile incremento degli indicatori per azione.
Non sono stati forniti ulteriori dati operativi o finanziari. I dettagli completi della transazione sono disponibili sul sito web della società; un linguaggio prospettico avverte che la domanda di petrolio e gas potrebbe influenzare i risultati futuri.
Tenaris S.A. (TS) presentó un Formulario 6-K el 18 de julio de 2025 divulgando la actividad semanal bajo la primera tranche de su programa de recompra de acciones por 1.200 millones de USD lanzado el 6 de junio de 2025. Entre el 14 y el 18 de julio de 2025, la compañía recompró 2.836.581 acciones ordinarias en el mercado abierto, gastando 45,6 millones de euros (≈53,0 millones de USD). Esto representa aproximadamente el 8,8 % de la tranche de 600 millones de USD y el 4,4 % de la autorización total del programa.
Tras estas compras, Tenaris posee ahora 20.058.339 acciones en tesorería, equivalentes al 1,87 % del capital social emitido. La dirección indica que estas acciones serán canceladas en su debido momento, lo que implica una reducción moderada de las acciones en circulación y una posible mejora en las métricas por acción.
No se proporcionaron cifras operativas ni financieras adicionales. Los detalles completos de la transacción están disponibles en la página web de la compañía; el lenguaje prospectivo advierte que la demanda de petróleo y gas podría afectar los resultados futuros.
Tenaris S.A. (TS)는 2025년 7월 18일 Form 6-K를 제출하여 2025년 6월 6일 시작된 12억 달러 규모의 주식 자사주 매입 프로그램 첫 번째 트랜치의 주간 활동을 공개했습니다. 2025년 7월 14일부터 18일까지 회사는 공개 시장에서 2,836,581주의 보통주를 재매입했으며, 4,560만 유로(약 5,300만 달러)를 지출했습니다. 이는 6억 달러 트랜치의 약 8.8%이며 전체 프로그램 승인 금액의 4.4%에 해당합니다.
매입 후 Tenaris는 현재 20,058,339주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 1.87%에 해당합니다. 경영진은 이 주식들이 적절한 시기에 소각될 예정이며, 이는 유통 주식 수의 소폭 감소와 주당 지표의 잠재적 증가를 의미한다고 밝혔습니다.
추가적인 운영 또는 재무 수치는 제공되지 않았습니다. 거래의 전체 세부 사항은 회사 웹사이트에서 확인할 수 있으며, 향후 석유 및 가스 수요가 결과에 영향을 미칠 수 있다는 전망적 언급이 포함되어 있습니다.
Tenaris S.A. (TS) a déposé un formulaire 6-K le 18 juillet 2025, divulguant l'activité hebdomadaire dans le cadre de la première tranche de son programme de rachat d'actions de 1,2 milliard USD lancé le 6 juin 2025. Entre le 14 et le 18 juillet 2025, la société a racheté 2 836 581 actions ordinaires sur le marché libre, dépensant 45,6 millions d'euros (≈53,0 millions USD). Cela représente environ 8,8 % de la tranche de 600 millions USD et 4,4 % de l'autorisation totale du programme.
À la suite de ces achats, Tenaris détient désormais 20 058 339 actions propres, soit 1,87 % du capital social émis. La direction indique que ces actions seront annulées en temps voulu, ce qui implique une légère réduction du nombre d'actions en circulation et une possible amélioration des indicateurs par action.
Aucune donnée opérationnelle ou financière supplémentaire n'a été fournie. Les détails complets de la transaction sont disponibles sur le site web de la société ; un langage prospectif avertit que la demande en pétrole et gaz pourrait affecter les résultats futurs.
Tenaris S.A. (TS) reichte am 18. Juli 2025 ein Formular 6-K ein, in dem die wöchentliche Aktivität der ersten Tranche seines 1,2 Mrd. USD schweren Aktienrückkaufprogramms, das am 6. Juni 2025 gestartet wurde, offengelegt wird. Zwischen dem 14. und 18. Juli 2025 kaufte das Unternehmen 2.836.581 Stammaktien am offenen Markt zurück und gab dabei 45,6 Mio. Euro (ca. 53,0 Mio. USD) aus. Dies entspricht etwa 8,8 % der 600-Mio.-USD-Tranche und 4,4 % der Gesamtgenehmigung des Programms.
Nach den Käufen hält Tenaris nun 20.058.339 eigene Aktien, was 1,87 % des ausgegebenen Aktienkapitals entspricht. Das Management gibt an, dass diese Aktien zu gegebener Zeit annulliert werden, was eine moderate Reduzierung der ausstehenden Aktien und eine mögliche Steigerung der Kennzahlen je Aktie bedeutet.
Weitere operative oder finanzielle Zahlen wurden nicht bereitgestellt. Vollständige Transaktionsdetails sind auf der Unternehmenswebsite verfügbar; zukunftsgerichtete Aussagen warnen, dass die Nachfrage nach Öl und Gas die zukünftigen Ergebnisse beeinflussen könnte.
- Execution of buyback demonstrates management confidence and provides immediate shareholder return.
- Treasury shares now 1.87%; planned cancellation should be EPS-accretive.
- Only 8.8% of tranche executed, so immediate impact on share count is limited.
- No operational or earnings data provided, offering little insight into underlying performance.
Insights
TL;DR Share buyback execution signals confidence; modest but accretive, overall impact slightly positive.
The USD53 m repurchase reduces float by nearly 0.3 % this week and brings total treasury stock to 1.87 %. While only a small slice of the USD600 m tranche, the steady pace supports price and indicates ample liquidity. Planned cancellation should lift EPS marginally. Absent broader financial data, the filing is chiefly a capital-allocation update—not a game-changer, but positive for shareholder returns.
TL;DR Limited risk implications; cash outflow minor versus balance-sheet scale.
The €45.6 m spend is unlikely to strain Tenaris’s strong net cash position. However, allocating capital to buybacks amid volatile energy demand could be questioned if cyclical downturn materialises. Management’s intent to cancel shares mitigates dilution but reduces financial flexibility slightly. Overall risk impact is neutral.
Tenaris S.A. (TS) ha presentato un Modulo 6-K il 18 luglio 2025, divulgando l'attività settimanale relativa alla prima tranche del suo programma di riacquisto azionario da 1,2 miliardi di USD lanciato il 6 giugno 2025. Tra il 14 e il 18 luglio 2025, la società ha riacquistato 2.836.581 azioni ordinarie sul mercato aperto, spendendo 45,6 milioni di euro (circa 53,0 milioni di USD). Ciò rappresenta circa l'8,8% della tranche da 600 milioni di USD e il 4,4% dell'autorizzazione totale del programma.
A seguito di questi acquisti, Tenaris detiene ora 20.058.339 azioni proprie, pari all'1,87% del capitale sociale emesso. La direzione comunica che queste azioni saranno cancellate a tempo debito, comportando una modesta riduzione delle azioni in circolazione e un possibile incremento degli indicatori per azione.
Non sono stati forniti ulteriori dati operativi o finanziari. I dettagli completi della transazione sono disponibili sul sito web della società; un linguaggio prospettico avverte che la domanda di petrolio e gas potrebbe influenzare i risultati futuri.
Tenaris S.A. (TS) presentó un Formulario 6-K el 18 de julio de 2025 divulgando la actividad semanal bajo la primera tranche de su programa de recompra de acciones por 1.200 millones de USD lanzado el 6 de junio de 2025. Entre el 14 y el 18 de julio de 2025, la compañía recompró 2.836.581 acciones ordinarias en el mercado abierto, gastando 45,6 millones de euros (≈53,0 millones de USD). Esto representa aproximadamente el 8,8 % de la tranche de 600 millones de USD y el 4,4 % de la autorización total del programa.
Tras estas compras, Tenaris posee ahora 20.058.339 acciones en tesorería, equivalentes al 1,87 % del capital social emitido. La dirección indica que estas acciones serán canceladas en su debido momento, lo que implica una reducción moderada de las acciones en circulación y una posible mejora en las métricas por acción.
No se proporcionaron cifras operativas ni financieras adicionales. Los detalles completos de la transacción están disponibles en la página web de la compañía; el lenguaje prospectivo advierte que la demanda de petróleo y gas podría afectar los resultados futuros.
Tenaris S.A. (TS)는 2025년 7월 18일 Form 6-K를 제출하여 2025년 6월 6일 시작된 12억 달러 규모의 주식 자사주 매입 프로그램 첫 번째 트랜치의 주간 활동을 공개했습니다. 2025년 7월 14일부터 18일까지 회사는 공개 시장에서 2,836,581주의 보통주를 재매입했으며, 4,560만 유로(약 5,300만 달러)를 지출했습니다. 이는 6억 달러 트랜치의 약 8.8%이며 전체 프로그램 승인 금액의 4.4%에 해당합니다.
매입 후 Tenaris는 현재 20,058,339주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 1.87%에 해당합니다. 경영진은 이 주식들이 적절한 시기에 소각될 예정이며, 이는 유통 주식 수의 소폭 감소와 주당 지표의 잠재적 증가를 의미한다고 밝혔습니다.
추가적인 운영 또는 재무 수치는 제공되지 않았습니다. 거래의 전체 세부 사항은 회사 웹사이트에서 확인할 수 있으며, 향후 석유 및 가스 수요가 결과에 영향을 미칠 수 있다는 전망적 언급이 포함되어 있습니다.
Tenaris S.A. (TS) a déposé un formulaire 6-K le 18 juillet 2025, divulguant l'activité hebdomadaire dans le cadre de la première tranche de son programme de rachat d'actions de 1,2 milliard USD lancé le 6 juin 2025. Entre le 14 et le 18 juillet 2025, la société a racheté 2 836 581 actions ordinaires sur le marché libre, dépensant 45,6 millions d'euros (≈53,0 millions USD). Cela représente environ 8,8 % de la tranche de 600 millions USD et 4,4 % de l'autorisation totale du programme.
À la suite de ces achats, Tenaris détient désormais 20 058 339 actions propres, soit 1,87 % du capital social émis. La direction indique que ces actions seront annulées en temps voulu, ce qui implique une légère réduction du nombre d'actions en circulation et une possible amélioration des indicateurs par action.
Aucune donnée opérationnelle ou financière supplémentaire n'a été fournie. Les détails complets de la transaction sont disponibles sur le site web de la société ; un langage prospectif avertit que la demande en pétrole et gaz pourrait affecter les résultats futurs.
Tenaris S.A. (TS) reichte am 18. Juli 2025 ein Formular 6-K ein, in dem die wöchentliche Aktivität der ersten Tranche seines 1,2 Mrd. USD schweren Aktienrückkaufprogramms, das am 6. Juni 2025 gestartet wurde, offengelegt wird. Zwischen dem 14. und 18. Juli 2025 kaufte das Unternehmen 2.836.581 Stammaktien am offenen Markt zurück und gab dabei 45,6 Mio. Euro (ca. 53,0 Mio. USD) aus. Dies entspricht etwa 8,8 % der 600-Mio.-USD-Tranche und 4,4 % der Gesamtgenehmigung des Programms.
Nach den Käufen hält Tenaris nun 20.058.339 eigene Aktien, was 1,87 % des ausgegebenen Aktienkapitals entspricht. Das Management gibt an, dass diese Aktien zu gegebener Zeit annulliert werden, was eine moderate Reduzierung der ausstehenden Aktien und eine mögliche Steigerung der Kennzahlen je Aktie bedeutet.
Weitere operative oder finanzielle Zahlen wurden nicht bereitgestellt. Vollständige Transaktionsdetails sind auf der Unternehmenswebsite verfügbar; zukunftsgerichtete Aussagen warnen, dass die Nachfrage nach Öl und Gas die zukünftigen Ergebnisse beeinflussen könnte.
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 18, 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 ✓ 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 (July 14, 2025 – July 18, 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 18, 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 (July 14, 2025 – July 18, 2025) on the First Tranche of Tenaris Share Buyback Program.
Luxembourg, July 18, 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 July 14, 2025 to (and including) July 18, 2025:
From July 14, 2025 to (and including) July 18, 2025, the Company has purchased a total of 2,836,581 ordinary shares for a total consideration of €45,598,212, equivalent to USD52,978,433.
As of July 18, 2025, the Company held in treasury 20,058,339 ordinary shares equal to 1.87% 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 during 14–18 July 2025?
What was the total consideration for the weekly buyback in EUR and USD?
What proportion of the USD600 million tranche has been used so far?
What percentage of Tenaris’s share capital is currently held in treasury?
Will Tenaris cancel the repurchased shares?
