Core Insights - Tenaris S.A. reported revenue of $3 billion for the quarter ended December 2025, reflecting a 5.3% increase year-over-year and exceeding the Zacks Consensus Estimate of $2.92 billion by 2.46% [1] - The company's EPS was $0.87, down from $0.94 in the same quarter last year, but it surpassed the consensus estimate of $0.76 by 14.17% [1] Financial Performance - Tubes sales volume for seamless products reached 776 Kmt, exceeding the average estimate of 762.73 Kmt [4] - Total tubes sales volume was 969 Kmt, compared to the average estimate of 951.08 Kmt [4] - Welded tubes sales volume was 193 Kmt, surpassing the average estimate of 188.35 Kmt [4] - Net sales for Tubes in North America were $1.46 billion, above the average estimate of $1.39 billion, marking a year-over-year increase of 28.7% [4] - Net sales for Tubes in Asia Pacific, Middle East, and Africa were $697 million, slightly below the average estimate of $700.72 million, with a year-over-year increase of 10.8% [4] - Net sales for Tubes in Europe were $187 million, slightly above the average estimate of $184.88 million, but represented a significant year-over-year decline of 45.2% [4] - Net sales for Tubes in South America were $501 million, below the average estimate of $517.46 million, reflecting a year-over-year decrease of 15.8% [4] - Net sales for other categories reached $156 million, exceeding the average estimate of $132.18 million, with a year-over-year increase of 4% [4] - Total net sales for Tubes were $2.84 billion, slightly above the average estimate of $2.8 billion, representing a 5.3% year-over-year increase [4] Operating Income - Operating income for other segments was reported at $38 million, significantly higher than the average estimate of $18.35 million [4] - Operating income for Tubes was $516 million, exceeding the average estimate of $476.89 million [4] Stock Performance - Tenaris shares have returned 16.6% over the past month, while the Zacks S&P 500 composite has decreased by 1.3%, indicating strong relative performance [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

Core Viewpoint - Tenaris S.A. has announced significant developments regarding its share buyback program and the actions of its controlling shareholders, indicating ongoing strategic management of its equity structure [1][2]. Share Buyback Program - As of December 17, 2025, Tenaris has repurchased ordinary shares amounting to 5.07% of its voting rights, which will be held in treasury and subsequently cancelled [1]. - The share buyback transactions are reported in compliance with Market Abuse Regulation [1]. Shareholder Actions - On December 17, 2025, San Faustin S.A. and Techint Holdings S.à r.l. filed an amendment to their beneficial ownership report, indicating that Techint Holdings sold 2,600,000 Tenaris ordinary shares between December 9 and December 12, 2025 [2]. - Techint Holdings has entered into a non-discretionary accelerated share disposal agreement to sell up to 21,000,000 ordinary shares of Tenaris from December 15, 2025, to May 19, 2026 [2]. - The sales under the accelerated share disposal program will be conducted independently by a European financial institution, ensuring compliance with applicable regulations [2]. Future Amendments - The Reporting Persons may amend their beneficial ownership report as required, and such amendments will be publicly accessible through the SEC's EDGAR database [3][4].

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]

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]

Core Points - Tenaris S.A. announced that its controlling shareholders, San Faustin S.A. and Techint Holdings S.à r.l., filed an amendment to their Schedule 13D with the SEC regarding their ownership stake in Tenaris [1] - The board of directors of San Faustin authorized Techint Holdings to sell a portion of its ordinary shares in Tenaris, ensuring that their ownership does not fall below 67% of the total outstanding shares [1] - The timing, amount, and manner of any potential sales will depend on market conditions, and there is no guarantee that any sales will occur [1] - The Reporting Persons do not currently plan to reduce their ownership below 67% but may buy or sell additional shares depending on market conditions [1] Company Overview - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [3]

Core Points - Tenaris S.A. announced that its controlling shareholder, San Faustin S.A., has crossed a voting rights threshold due to the company's share buyback program [1] - San Faustin owns 713,605,187 shares, representing 66.82% of Tenaris's voting rights following share repurchases from June 9 to June 13, 2025 [2] - The control structure of Tenaris remains unchanged as confirmed by San Faustin [2] Company Overview - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [3]

Group 1 - Tenaris S.A. announced a share buyback program of up to $1.2 billion, representing approximately 74 million shares or 6.9% of its outstanding shares [1] - The buyback program is driven by significant cash flow generation and a strong balance sheet, with a maximum limit of 10% of the company's shares [2] - The program is expected to launch in June 2025 and will be executed through a primary financial institution [2] Group 2 - The buybacks may be paused or ceased at any time, subject to compliance with applicable laws and regulations [3] - Updates on the buyback program will be provided via press releases and on the Investors section of Tenaris's corporate website [3] - The buybacks will be conducted in compliance with the Market Abuse Regulation and other relevant regulations [3] Group 3 - Tenaris is a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [5]