Quarterly ResultAug 5, 2026, 05:02 PM
Tenaris Q2 Net Sales $2.97B, EPS $0.95; Declares $0.59 Dividend
AI Summary
Tenaris S.A. announced its Q2 2026 results, with net sales decreasing 4% sequentially to $2.97 billion and net income falling 13% sequentially to $492 million, primarily due to postponed shipments in the Middle East and rising costs. For the first half of 2026, net sales increased 1% year-on-year to $6.07 billion, and EPS rose 4% to $2.02. The company declared an interim dividend of $0.59 per share and reported a net cash position of $3.6 billion. The Board also saw changes, including the resignation of Jaime Serra Puche and the appointment of Alicia Móndolo.
Key Highlights
- Q2 2026 Net Sales: $2.97 billion, down 4% sequentially and year-on-year.
- Q2 2026 Net Income: $492 million, down 13% sequentially, with EPS of $0.95.
- Interim dividend of $0.59 per share ($1.18 per ADS) declared, totaling $600 million.
- H1 2026 Net Sales: $6.07 billion, up 1% year-on-year; H1 EPS $2.02, up 4% year-on-year.
- Q2 Asia Pacific, Middle East & Africa sales decreased 22% sequentially due to Strait of Hormuz disruption.
- Net cash position stood at $3.6 billion as of June 30, 2026.
- Jaime Serra Puche resigned from the Board; Alicia Móndolo appointed to Board and as Vice Chair.
Price Impact
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