TENARIS SA

Tenaris S.A. announced that its Chief Executive Officer, Gabriel Podskubka, and other senior management members participated in an audio conference on August 6, 2026. The call was held with investors and analysts to discuss the company's Second Quarter 2026 results, market background, and outlook. The recording of this conference call is accessible on Tenaris's Investor Relations website.

Tenaris S.A. filed its Half-year report 2026 – Interim management report, prepared in compliance with the Luxembourg Transparency Law. The report details principal risks and uncertainties impacting the company's operations and financial condition. Key risks include volatility in oil and gas demand, adverse geopolitical conditions, and climate-related regulations. The company specifically highlighted a Middle East war in March 2026, which led to the closure of the Hormuz Strait and extreme energy price volatility.

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.

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.

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.

Tenaris announced the start of operations at its new service center in Paramaribo, Suriname. This facility is designed to support the GranMorgu project, Suriname's first major offshore development, operated by TotalEnergies in partnership with APA Corporation and Staatsolie. The center will provide integrated services, including the supply of casing and tubing, operating under the Rig Direct® service model to enhance operational efficiency and material availability. The 74,500 m² facility, with a 15,000-ton capacity, reinforces Tenaris's commitment to the development of Suriname's energy sector and local industrial growth.

Tenaris S.A. announced that its Extraordinary General Meeting of Shareholders, held on May 12, 2026, approved the cancellation of 62,355,174 ordinary shares held in treasury. These shares were acquired during the company's third share buyback program. Consequently, the issued share capital was reduced by US$62,355,174, bringing it to US$1,009,639,756. The meeting also approved the amendment of Article 5 "Share Capital" of the company's articles of association to reflect this change.

Tenaris S.A. held its Annual General Meeting of Shareholders on May 12, 2026, where shareholders approved an annual dividend of US$0.89 per share (US$1.78 per ADS) for the year ended December 31, 2025. This includes an interim dividend already paid, with a balance of US$0.60 per share (US$1.20 per ADS) to be paid on May 20, 2026. The meeting also approved the 2025 financial statements, re-elected the Board of Directors with a reduced number of ten members, and appointed Forvis Mazars as the statutory auditor for fiscal year 2026.

Tenaris S.A. announced that shareholders approved all resolutions at its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on May 12, 2026. Key approvals included the company's 2025 consolidated financial statements and an annual dividend of US$0.89 per share, with the balance of US$0.60 per share payable on May 20, 2026. Shareholders also re-appointed the board of directors, approved director compensation, appointed Forvis Mazars as the statutory auditor, and renewed the share buyback authorization. Additionally, 62,355,174 treasury shares were cancelled, resulting in a reduction of the company's issued share capital.

Tenaris S.A. announced that its annual and extraordinary general meetings approved all resolutions, including an annual dividend of US$0.89 per share (US$1.78 per ADS). The balance of US$0.60 per share (US$1.20 per ADS), totaling approximately US$0.6 billion, will be paid on May 20, 2026. Shareholders also approved the cancellation of 62,355,174 treasury shares from a past buyback program, reducing the company's issued share capital from US$1,071,994,930 to US$1,009,639,756. Additionally, the board of directors was reduced to ten members, with re-appointments and re-elections for key leadership roles, and Forvis Mazars was appointed as the statutory auditor for 2026.