$TS

Argus reports US-Iran war-related crude supply shock has lifted WTI prices and improved demand outlooks for US drilling contractors and OCTG producers in 2H 2026. Helmerich & Payne, Nabors, and Patterson-UTI expect higher active rigs (316 in Q2, ~324 by Q3). Vallourec and Tenaris cite tighter inventories and rising OCTG prices; Argus WTI was $84.82/bbl on 11 Aug.

Tenaris (NYSE:TS) said its board remains committed to shareholder returns and may follow its usual dividend pattern, with an interim payment about one-third of the annual dividend. For 2H 2026, it removed a near-term Strait of Hormuz reopening from its base case, excluding about $130m of material. Management expects 2H revenue and EBITDA roughly in line with 1H, with volumes rising in Q4.

Tenaris (NYSE: TS) reported Q2 2026 net sales of US$2.967bn, down 4% QoQ and 4% YoY, and net income attributable to shareholders of US$477m, down from US$531m. Operating income fell 15% to US$494m as Strait of Hormuz disruptions raised logistics costs and delayed Middle East shipments. Tenaris also said it expects H2 sales and EBITDA to match H1 and declared an interim dividend of US$0.59/share.

Tenaris SA reported Q2 results showing lower profit and revenue versus the prior year. Net income fell to $477.137 million, or $0.95 per share, from $531.323 million, or $0.99. Revenue decreased 3.9% to $2.966 billion from $3.085 billion, according to the company’s earnings release.

Tenaris SA reported lower Q2 results. Revenue fell 3.9% to $2.97 billion from $3.09 billion, and net income attributable to shareholders declined to $477.14 million from $531.32 million. Operating income dropped to $494.00 million from $582.73 million. In the first half, revenue rose 1.0% to $6.07 billion, while net income slipped to $1.02 billion. Tenaris shares were $54.77 after hours on the NYSE.

Tenaris S.A. reported 2Q 2026 results for the quarter ended June 30, 2026. Net sales were $2,967 million, operating income $494 million, and net income $492 million. EBITDA was $649 million. Free cash flow was $396 million and net cash was $3.6 billion at June 30, 2026. The board approved an interim dividend of $0.59 per share.

Argentina’s industrial slump deepened as cement maker Loma Negra said it will idle one main kiln at its L’Amalí plant in Olavarría until Nov 2026, citing weak construction and higher energy costs. Tenaris SIAT cut 150 workers after losing LNG-related tenders, and Mirgor suspended about 360 workers amid planned tariff cuts on electronics.

Tenaris (NYSE:TS) has seen over 100% returns since a previous bullish call but is now trading near its 2008 all-time highs. The company faces near-term revenue risks from Middle East disruptions and limited upside due to the recent rally outpacing fundamentals, leading to a downgrade to a hold rating. Despite strong 2025 capital returns and robust North American performance, inventory risks and uncertain global OCTG demand present challenges.

Tenaris S.A. (NYSE: TS) has submitted its 2025 Annual Report to the SEC via a Form 6-K, following its original filing with the Luxembourg Stock Exchange. This report includes the consolidated management report with financial and sustainability information, management certifications for financial statements and annual accounts as of December 31, 2025, and external auditors' reports. The filing provides transparent documentation of Tenaris's financial performance and sustainability efforts for the year.

Tenaris (NYSE:TS) shares gapped up following stronger-than-expected earnings, with the company reporting $0.87 EPS against an estimated $0.76 and revenue of $3 billion. Despite the strong performance, analysts maintain a "Hold" rating with an average price target significantly below the current trading price. The industrial products company focuses on steel tubular products for the oil and gas industry.