Welcome to our dedicated page for Tenaris news (Ticker: TS), a resource for investors and traders seeking the latest updates and insights on Tenaris stock.
Overview
Tenaris S.A. is a globally recognized manufacturer and supplier of premium steel pipes and oil country tubular goods (OCTG), serving the energy industry with a deep commitment to engineering excellence and operational reliability. Operating across multiple continents with production facilities in the United States, Argentina, Mexico, and Italy, Tenaris offers a comprehensive portfolio of high-quality tubular products designed to meet the demanding needs of oil and gas exploration and production.
Core Business and Product Offering
The company specializes in the production of steel pipes and related services, delivering products that are trusted by leading oil companies in even the most challenging applications, including deep-water offshore wells and horizontal shale wells. Tenaris' product range, particularly its premium OCTG line, is engineered to withstand extreme operational conditions and is characterized by superior performance and durability. These products are a cornerstone for the construction and maintenance of oil and gas wells, underlining the company’s critical role in the energy supply chain.
Operational Excellence and Global Footprint
Tenaris has established a robust network of production facilities strategically located to optimize efficiencies and serve key markets globally. This expansive geographical presence not only supports its operational resilience but also positions the company as a major contributor to the global supply of essential steel tubular goods. The company’s advanced manufacturing processes and continuous commitment to quality ensure that its products meet rigorous industry standards and client expectations, thereby reinforcing its solid market position.
Engineering and Technological Expertise
At the heart of Tenaris' operations lies a dedication to advanced engineering and technological innovation. The company leverages state-of-the-art manufacturing techniques and rigorous quality assurance protocols to produce steel pipes that excel in reliability and performance. This technical proficiency, combined with a commitment to research and development, enables Tenaris to adapt to the evolving demands of the energy sector while maintaining high levels of precision and quality in its products.
Market Position and Industry Influence
Within the competitive landscape, Tenaris distinguishes itself through its strong focus on quality and technical expertise in the production of OCTG products. Energy companies consistently rely on Tenaris for its advanced manufacturing capabilities and trusted performance, especially in high-stress drilling environments. The company’s vast experience and proven reliability make it a preferred partner for projects in some of the world’s most challenging industrial settings.
Business Model and Revenue Generation
Tenaris generates revenue primarily through the production and sale of steel pipes and related tubular products, targeting clients within the oil and gas sector. Its well-integrated supply chain and global manufacturing operations allow the company to serve a diverse customer base, ensuring robust market penetration and operational scalability. With an unwavering focus on quality and innovation, Tenaris maintains a competitive edge that is built on decades of industry expertise and technological investment.
Commitment to Quality and Customer Focus
- Quality Assurance: Strict adherence to international quality standards ensures that every product meets rigorous performance criteria.
- Customer Orientation: The company’s comprehensive product support and service offerings address the unique challenges faced by its clientele.
- Innovation: Continuous improvements in manufacturing and engineering processes help maintain high standards of product integrity and performance.
Conclusion
Tenaris S.A. stands as a pillar of industrial manufacturing within the energy sector. Its extensive experience, technical expertise, and strategic global presence culminate in a business model that effectively addresses the complex demands of oil and gas extraction. For stakeholders and analysts, Tenaris represents a well-established entity that combines deep industry insight with operational excellence, ensuring that its products are synonymous with durability, reliability, and advanced engineering.
Tenaris (NYSE: TS) has announced the filing of its 2024 Annual Report and Form 20-F with various securities regulators, including the Luxembourg Stock Exchange, SEC, and other markets where its securities are listed. The comprehensive report includes consolidated management reports, financial statements, and sustainability information for the year ended December 31, 2024.
The company has also announced two upcoming shareholder meetings scheduled for May 6, 2025: an Annual General Meeting at 10:00 CET, followed immediately by an Extraordinary General Meeting. Key documents including the meeting agendas, voting procedures, compensation report, and board reports will be made available on Tenaris's website and through regulatory channels.
Tenaris (NYSE: TS) has successfully completed its USD700 million Share Buyback Program that ran from November 11, 2024, to March 4, 2025. During this period, the company purchased 36,862,132 ordinary shares, representing 3.17% of the total issued share capital, for a total consideration of €668,198,121.
As of March 4, 2025, Tenaris holds 90,762,598 ordinary shares in treasury (including 53,900,466 shares from a previous USD 1.2 billion buyback program), equivalent to 7.81% of the total issued share capital. The company plans to cancel the treasury shares purchased under this latest program.
Tenaris (NYSE: TS) reported its Q4 and full-year 2024 results. Q4 net sales showed resilience despite lower demand in Mexico, Argentina, and Saudi Arabia. The company's EBITDA declined 4% with margins supported by a favorable product mix. Net income increased due to a partial reversal of a provision related to Usiminas.
For full-year 2024, sales decreased 16% to $12.5 billion compared to 2023, primarily due to declining market prices for tubular products in the Americas and lower drilling activity. EBITDA declined to $3.1 billion, affected by a $107 million provision. Net income was $2.1 billion, representing 17% of net sales.
The company maintained a strong financial position with a net cash position of $3.6 billion. Free cash flow amounted to $2.2 billion in 2024. The board proposed an annual dividend of $0.83 per share. Looking ahead, Tenaris expects Q1 2025 sales and EBITDA to remain in line with Q4 2024, with moderate growth anticipated in Q2 2025.
Tenaris has been named ExxonMobil's 2024 Supplier of the Year, recognizing their exceptional performance, competitiveness, and adherence to high standards. ExxonMobil's Vice President of Procurement highlighted Tenaris's superior global performance, particularly in Guyana and the Permian region.
As a long-term supplier, Tenaris provides OCTG solutions and services to ExxonMobil's US upstream operations through their Rig Direct® mill-to-well model. The company also supports ExxonMobil's worldwide drilling projects, including offshore and deepwater exploration. The award considered various attributes including competitiveness, service quality, delivery commitments, sustainability, and safety performance.
Tenaris, with revenues of US $14.9 billion in 2023 and approximately 29,000 employees globally, operates an integrated network of steel pipe manufacturing facilities across multiple continents.
Tenaris announced that the Brazilian Superior Court of Justice (SCJ) rejected a motion filed by its subsidiary Confab and Ternium's subsidiaries regarding a June 18, 2024 decision. The court ordered the T/T Group to pay an indemnification to Companhia Siderúrgica Nacional (CSN) related to their 2012 Usiminas participation acquisition.
The SCJ modified the monetary adjustment mechanism and capped attorney's fees, reducing the potential payment. As of November 30, 2024, Confab's revised potential payment would be approximately BRL548 million ($90 million). Tenaris maintains that CSN's claims are unsupported and plans to continue appealing the decision.
Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has announced that its share buyback program has reached a significant milestone. As of November 20, 2024, the company's treasury holdings of repurchased ordinary shares have reached 5.01% of total voting rights. The company confirms that these repurchased shares are currently held in treasury with suspended voting rights and will be cancelled in the future. Details of share buyback transactions can be found on the company's investor relations website.
Tenaris has announced a new USD 700 million Share Buyback Program starting November 11, 2024, and ending March 26, 2025. The program will be executed through a non-discretionary agreement with a bank that will make independent trading decisions. The buyback is to 46,373,915 ordinary shares, representing 3.93% of the company's issued share capital. This follows a previous USD 1.2 billion buyback program that concluded on August 2, 2024, which resulted in the purchase of shares representing 6.07% of total issued share capital. Purchased shares under the new program will be cancelled.
Tenaris (NYSE: TS) reported Q3 2024 results with net sales of $2.915 billion, down 12% from Q2 2024 and 10% from Q3 2023. Net income reached $459 million, up 32% from Q2 2024 but down 16% from Q3 2023. EBITDA was $688 million with a 23.6% margin. The company announced a $0.27 per share interim dividend and approved a $700 million follow-on share buyback program. Sales decline was attributed to lower prices in the Americas and reduced demand in USA, Mexico, and Saudi Arabia. The company maintains a strong financial position with $4.0 billion net cash.
Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) has successfully completed its USD1.2 billion Share Buyback Program. The program, which ran from November 5, 2023, to August 2, 2024, resulted in the purchase of 71,679,768 ordinary shares, representing 6.07% of the total issued share capital at the program's start. The fourth and final tranche, executed from June 17 to August 2, 2024, saw the acquisition of 19,452,939 shares for €278,698,899 (USD300 million). As of August 2, 2024, Tenaris held 53,900,466 treasury shares, accounting for 4.64% of its total issued share capital. The company intends to cancel the treasury shares purchased under this program in due course.
Tenaris S.A. (NYSE: TS) announced its Q2 2024 results, reporting net sales of $3,322 million, down 3% from Q1 2024 and 18% year-over-year. Net income decreased to $348 million, a 54% drop from Q1 2024 and 69% year-over-year. EBITDA margin fell to 19.6% from 28.7% in Q1 2024.
The company's performance was impacted by declining OCTG prices in the Americas and a $171 million provision for ongoing litigation. Despite challenges, Tenaris maintained a strong free cash flow of $774 million and a net cash position of $3.8 billion.
Outlook remains uncertain due to OPEC+ production cut rollbacks and high OCTG imports in the U.S. Tenaris expects Q3 results to be affected by lower activity in the U.S. and Latin America, as well as extended OCTG price declines in the Americas.
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