Group 1 - Tenaris S.A. announced a USD 1.2 billion Share Buyback Program, with the second tranche covering up to USD 600 million starting on November 3, 2025, and ending by April 30, 2026 [1][2] - The buyback will be executed by a primary financial institution independently, adhering to applicable regulations, including the Market Abuse Regulation [2] - Shares purchased under the Program will be cancelled in due course, authorized by the shareholders' meeting held on May 6, 2025 [3] Group 2 - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]

Tenaris (NYSE:TS) Q3 2025 Earnings Call October 30, 2025 09:00 AM ET Company ParticipantsRodrigo Almeida - VP of Equity ResearchGabriel Podskubka - COOGiovanni Sardagna - Director of Investor RelationsGuillermo Moreno - President of U.S. OperationsCarlos Gómez Álzaga - CFOPaolo Rocca - Chairman and CEOConference Call ParticipantsMarc Bianchi - Managing Director and Senior Equity Research AnalystDavid Anderson - Managing Director and Senior Equity Research AnalystMatt Smith - Managing Director and Senior Equ ...

Tenaris (NYSE:TS) Q3 2025 Earnings Call October 30, 2025 09:00 AM ET Company ParticipantsRodrigo Almeida - VP of Equity ResearchGabriel Podskubka - COOGiovanni Sardagna - Director of Investor RelationsGuillermo Moreno - President of U.S. OperationsCarlos Gómez Álzaga - CFOPaolo Rocca - Chairman and CEOConference Call ParticipantsMarc Bianchi - Managing Director and Senior Equity Research AnalystDavid Anderson - Managing Director and Senior Equity Research AnalystMatt Smith - Managing Director and Senior Equ ...

Tenaris (NYSE:TS) Q3 2025 Earnings Call October 30, 2025 09:00 AM ET Speaker1Good day and thank you for standing by. Welcome to the third quarter Tenaris S.A. Earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, pleas ...

Core Insights - Tenaris S.A. reported revenue of $2.98 billion for the quarter ended September 2025, reflecting a 2.2% increase year-over-year and surpassing the Zacks Consensus Estimate of $2.81 billion by 5.94% [1] - The company's EPS for the quarter was $0.85, up from $0.81 in the same quarter last year, exceeding the consensus EPS estimate of $0.75 by 13.33% [1] Revenue and Sales Performance - Tubes sales volume for seamless products reached 780.00 Kmt, exceeding the average estimate of 735.55 Kmt [4] - Total tubes sales volume was 979.00 Kmt, significantly higher than the three-analyst average estimate of 887.03 Kmt [4] - Welded tubes sales volume was 199.00 Kmt, surpassing the average estimate of 151.47 Kmt [4] - Net sales for Tubes in North America were $1.45 billion, above the average estimate of $1.35 billion, marking a year-over-year increase of 13.9% [4] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $716 million, slightly above the average estimate of $694.14 million, but down 5% year-over-year [4] - Net sales for Tubes in Europe were $189 million, below the average estimate of $194.81 million, representing a significant decline of 32.5% year-over-year [4] - Net sales for Tubes in South America were $520 million, exceeding the average estimate of $436.01 million, with a year-over-year increase of 7.4% [4] - Other net sales were reported at $103 million, below the average estimate of $139.44 million, reflecting a year-over-year decline of 17.6% [4] - Total net sales for Tubes amounted to $2.88 billion, surpassing the average estimate of $2.67 billion, with a year-over-year increase of 3.1% [4] Operating Income - Operating income for Other segments was $5 million, significantly lower than the average estimate of $21.23 million [4] - Operating income for Tubes was reported at $592 million, exceeding the average estimate of $462.28 million [4] Stock Performance - Tenaris shares have returned +5.4% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital d ...

Group 1 - Tenaris S.A. has completed the first tranche of its USD1.2 billion Share Buyback Program, amounting to USD600 million [1][2] - During this tranche, Tenaris purchased 33,059,955 ordinary shares, which is 3.08% of its total issued share capital, for approximately €516,588,880 [2] - The shares acquired in this tranche will be held in treasury and Tenaris plans to cancel all treasury shares purchased under the Program in the future [2] Group 2 - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]

LUXEMBOURG, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”, or the “Company”) announced that its indirect controlling shareholder San Faustin S.A. and its direct controlling shareholder Techint Holdings S.à r.l. (the “Reporting Persons”) filed earlier today with the SEC an amendment to their Schedule 13D, reporting that, for portfolio-management purposes and in response to Tenaris’s ongoing share repurchase program causing San Faustin’s beneficial ownersh ...

Financial Position - Tenaris has a very solid financial base with a significant amount of cash and almost no debt, enabling it to provide good dividends and engage in share repurchases [1]

Summary of Key Points from the Conference Call Transcript Industry Overview - The focus is on the Energy Services & Equipment sector in North America, with particular attention to companies like GTLS (Chart Industries), NBR (Nabors Industries), NOV (National Oilwell Varco), and TS (Tenaris) [1][2][6]. Core Insights and Arguments - **Earnings Estimates Revision**: The 2025 and 2026 EBITDA estimates for GTLS, NBR, NOV, and TS have been lowered by 2% and 4% respectively, indicating a cautious outlook for these companies [4][19]. - **M&A Activity**: Baker Hughes (BKR) is reportedly preparing a bid to acquire GTLS, which would value GTLS at approximately $210 per share, a 22% premium over its recent closing price of $171.65. This acquisition could significantly impact GTLS's market position [5][19]. - **Market Sentiment**: The near-term outlook for GTLS and TS is constructive due to their exposure to gas and non-oil & gas sectors, while NBR is viewed cautiously due to declining activity in North America and Saudi Arabia [9][19]. - **Performance Metrics**: NOV's 2Q results showed a revenue increase of 2%, but EBITDA decreased by 4%, leading to expectations of a modestly negative market reaction. The guidance for 3Q indicates a revenue increase of 1% but a further EBITDA decline of 2% [9][13]. Additional Important Insights - **Tariff Impacts**: The potential impacts of tariffs on the companies' operations and pricing strategies are a key focus area, especially given the current geopolitical climate [9]. - **Capital Allocation**: Companies are expected to discuss their capital allocation plans, including updates on 2025 capex and shareholder returns, which are critical for investor confidence [9][13]. - **Market Conditions**: The overall market conditions for oilfield services (OFS) are soft, particularly in the US land, Saudi Arabia, Mexico, and offshore deepwater markets, which could affect pricing and activity levels [9][19]. - **Stock Ratings and Price Targets**: The current stock ratings and price targets for the companies are as follows: - GTLS: Overweight, PT $225.00 - NOV: Overweight, PT $15.00 - NBR: Overweight, PT $50.00 - TS: Underweight, PT $34.00 [10][19]. Conclusion - The Energy Services & Equipment sector is facing a mix of challenges and opportunities, with M&A activity potentially reshaping the landscape. Companies are navigating soft market conditions while focusing on strategic capital allocation and managing tariff impacts. The upcoming earnings reports will be critical in assessing the health and outlook of these firms.