Tenaris (TS) Reports Q3 Earnings: What Key Metrics Have to Say

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]