Quarterly ResultAug 7, 2026, 07:22 AM
Tenaris H1 2026 EPS $1.01; Net Sales $6.07B
AI Summary
Tenaris reported a 1.0% increase in net sales to $6.07 billion for the first half of 2026, with basic and diluted earnings per share rising to $1.01. Despite a slight decrease in net income for the period, EPS benefited from a reduction in outstanding shares due to a significant share cancellation. However, net cash provided by operating activities saw a notable decline. The company also completed the acquisition of AllTorque's oilfield division during the period.
Key Highlights
- Net sales for H1 2026 increased 1.0% to $6.07 billion from $6.01 billion in H1 2025.
- Basic and diluted EPS for H1 2026 rose to $1.01, up from $0.97 in H1 2025.
- Income for the period in H1 2026 was $1.06 billion, a slight decrease from $1.06 billion in H1 2025.
- Net cash provided by operating activities decreased 24.0% to $1.14 billion in H1 2026 from $1.49 billion in H1 2025.
- The company cancelled 62.4 million ordinary shares on May 12, 2026, reducing issued share capital.
- Acquired the oilfield division of AllTorque in H1 2026, impacting cash flows from investing activities.
- Paid dividends totaling $605.8 million in H1 2026.
- Repurchased $89.6 million of own shares during H1 2026.
Price Impact
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