Quarterly ResultAug 7, 2026, 06:12 AM
Tenaris Q2 Net Sales $2.97B, Net Income $492M; Declares Dividend
AI Summary
Tenaris reported a 4% sequential and year-over-year decrease in Q2 2026 net sales to $2.97 billion, primarily due to postponed shipments in the Middle East caused by the Strait of Hormuz disruption. Net income for the quarter fell 9% year-over-year to $492 million, impacted by higher logistic and raw material costs. Despite the Q2 decline, the company maintains a strong net cash position of $3.6 billion and approved an interim dividend of $0.59 per share. The Board also saw changes, with Mr. Jaime Serra Puche resigning and Ms. Alicia Móndolo being appointed to the Board and as Vice Chair for Sustainability, Risk Management and Compliance.
Key Highlights
- Q2 2026 Net Sales decreased 4% to $2.97 billion compared to Q2 2025.
- Q2 2026 Net Income decreased 9% to $492 million compared to Q2 2025.
- Board approved an interim dividend of $0.59 per share ($1.18 per ADS), payable November 25, 2026.
- Free cash flow for Q2 2026 was $396 million, with a net cash position of $3.6 billion.
- Sales in Asia Pacific, Middle East and Africa declined 22% sequentially due to Strait of Hormuz disruption.
- Mr. Jaime Serra Puche resigned from the Board; Ms. Alicia Móndolo appointed to Board and as Vice Chair.
- H1 2026 Net Sales increased 1% to $6.07 billion, and Earnings per ADS rose 4% to $2.02.
Price Impact
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