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.
Tenaris S.A. (TS) regularly publishes news and regulatory updates that shed light on its role as a global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications. The company’s news flow highlights how its Tubes and Others segments evolve in response to drilling activity, regional demand and project pipelines across North America, South America, Europe, and Asia Pacific, Middle East and Africa.
On this page, readers can follow earnings announcements and interim results, where Tenaris reports net sales, operating income, net income and EBITDA based on consolidated condensed interim financial statements prepared under IFRS. These releases also discuss sales volumes of seamless and welded pipes, regional net sales, and the contribution from other products and services, including oilfield services in Argentina and sales of sucker rods and coiled tubing.
Tenaris’s news also covers capital allocation decisions such as its USD 1.2 billion share buyback program and dividend distributions. Press releases describe the approval of the buyback program by the board of directors, the authority granted by shareholders, and the execution of first and second tranches through non-discretionary agreements with financial institutions. Updates detail the number of ordinary shares repurchased, total consideration paid, and the percentage of issued share capital held in treasury, as well as the company’s intention to cancel repurchased shares in due course.
Governance and ownership developments feature prominently as well. Tenaris reports resolutions adopted at its annual and extraordinary general meetings, including approval of financial statements, dividends, director appointments and share capital changes. It also publishes notices when its indirect and direct controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., file amendments to Schedule 13D or transparency notifications in connection with Tenaris’s ongoing share repurchase program and their beneficial ownership levels.
Investors and analysts who follow TS news can use this feed to monitor Tenaris’s operating performance, regional exposure, share buyback activity, dividend decisions and changes in its controlling shareholder’s reported stake, all of which are documented through official press releases and SEC-furnished materials.
Tenaris reported its Q1 2025 financial results with net sales of $2.92 billion, showing a 3% increase from Q4 2024 but a 15% decrease year-over-year. The company's operating income reached $550 million, while net income stood at $518 million.
Key performance highlights include:
- EBITDA of $696 million with a 23.8% margin
- Strong free cash flow of $647 million
- Net cash position increased to $4.0 billion
- Tubes segment sales volume reached 987,000 metric tons
The company maintained stability despite market challenges, with seasonal volume increases in Canada and higher onshore sales in the USA offsetting lower OCTG premium product sales in Mexico, Turkey, and Saudi Arabia. Looking ahead, Tenaris expects Q2 sales to show a small increase as average selling prices recover, with EBITDA margins projected to remain in line with Q1 levels.
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.
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