$TS

Argentina's country risk index rose to 709 points, its highest in a year, as economic data showed weak output and recession risks. The official dollar hit a record, and Argentine stocks listed in New York fell up to 5.9%. The index, compiled by JPMorgan, measures the gap between Argentine and US bond yields. Analysts cite US interest rates and 2027 debt payments as concerns.

Tenaris S.A.'s average stock price target increased from $65.55 to $66.05, with estimates ranging from $42 to $80 per share, according to 10 analysts. This implies an 18% upside from the Oct. 2 closing price. The consensus rating remains 'Buy' among 12 analysts.

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 (TS) furnished an SEC Form 6-K — earnings release. The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Press Release announcing 2026 Second Quarter Results. SIGNATURE Pursuant t

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.