Tenaris Q2 Profit Falls to US$477m on Hormuz Closure
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.





