Tenaris announces a $600 million share buyback program, effective November 3, 2025, through a financial institution.
Quiver AI Summary
Tenaris S.A. announced that it has initiated the second tranche of its USD 1.2 billion Share Buyback Program, with a non-discretionary buyback agreement with a financial institution to purchase up to USD 600 million of its shares, starting November 3, 2025, and concluding by April 30, 2026. The purchases will be made independently by the Bank, adhering to relevant regulations, including the Market Abuse Regulation. The shares bought back will eventually be canceled, and the program has been authorized by a prior shareholder meeting. The press release also contains forward-looking statements that highlight potential risks related to fluctuations in oil and gas prices. Tenaris is recognized as a significant supplier of steel tubes for the energy sector and other industrial uses.
Potential Positives
- Announcement of a non-discretionary buyback agreement with a primary financial institution for the execution of the second tranche of a USD 1.2 billion Share Buyback Program, signaling a commitment to returning value to shareholders.
- The buyback program demonstrates Tenaris's strong financial position and confidence in its future performance by allocating USD 600 million to repurchase ordinary shares.
- Compliance with applicable regulations and the ability to conduct buybacks during closed periods assures transparency and adherence to market standards, potentially enhancing investor trust.
- Permanently canceling the purchased shares under the buyback agreement can lead to an increase in earnings per share (EPS), benefiting existing shareholders.
Potential Negatives
- The initiation of a significant share buyback program could indicate that Tenaris is struggling to find profitable investment opportunities, which may raise concerns about future growth.
- Dependence on a financial institution to execute buybacks may reflect a lack of direct control over the timing and strategy of share repurchases, potentially leading to less favorable buying conditions.
- The mention of uncertainties related to oil and gas prices in the forward-looking statements signals potential volatility in Tenaris's revenue and profits, which might concern investors.
FAQ
What is Tenaris's Share Buyback Program?
Tenaris's Share Buyback Program is a financial initiative to repurchase up to USD 1.2 billion of its ordinary shares.
When does the second tranche of the buyback start?
The second tranche of the buyback program starts on November 3, 2025, and ends no later than April 30, 2026.
How much will the second tranche cover?
The second tranche will cover up to USD 600 million of the initial USD 1.2 billion Share Buyback Program.
Will Tenaris influence the timing of share purchases?
No, the Bank will make trading decisions regarding share purchases independently of Tenaris.
What happens to the shares purchased in the buyback?
Ordinary shares purchased under the buyback program will be cancelled in due course following the acquisition.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TS Hedge Fund Activity
We have seen 124 institutional investors add shares of $TS stock to their portfolio, and 106 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALUA CAPITAL MANAGEMENT LP removed 2,387,363 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $89,287,376
- CITADEL ADVISORS LLC removed 2,043,503 shares (-54.3%) from their portfolio in Q2 2025, for an estimated $76,427,012
- HOLOCENE ADVISORS, LP removed 1,199,061 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $44,844,881
- MEREWETHER INVESTMENT MANAGEMENT, LP removed 760,218 shares (-58.8%) from their portfolio in Q2 2025, for an estimated $28,432,153
- MORGAN STANLEY removed 712,550 shares (-38.9%) from their portfolio in Q2 2025, for an estimated $26,649,370
- SOURCEROCK GROUP LLC added 635,817 shares (+25.9%) to their portfolio in Q2 2025, for an estimated $23,779,555
- BNP PARIBAS FINANCIAL MARKETS removed 634,840 shares (-92.9%) from their portfolio in Q2 2025, for an estimated $23,743,016
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TS Analyst Ratings
Wall Street analysts have issued reports on $TS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 08/07/2025
- Morgan Stanley issued a "Underweight" rating on 05/16/2025
To track analyst ratings and price targets for $TS, check out Quiver Quantitative's $TS forecast page.
$TS Price Targets
Multiple analysts have issued price targets for $TS recently. We have seen 3 analysts offer price targets for $TS in the last 6 months, with a median target of $41.0.
Here are some recent targets:
- Derek Podhaizer from Piper Sandler set a target price of $41.0 on 09/17/2025
- David Anderson from Barclays set a target price of $46.0 on 08/07/2025
- Connor Lynagh from Morgan Stanley set a target price of $34.0 on 05/16/2025
Full Release
LUXEMBOURG, Nov. 02, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its USD 1.2 billion Share Buyback Program (the “Program”) announced on May 27, 2025, it has entered into a non-discretionary buyback agreement with a primary financial institution (the “Bank”) for the execution of its second tranche, covering up to the remainder USD 600 million of the Program (excluding customary transaction fees). This second tranche shall start on November 3, 2025, and end no later than April 30, 2026.
The Bank will make its trading decisions concerning the timing of the purchases of Tenaris’s ordinary shares independently of and uninfluenced by Tenaris. The Program will be executed in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (the “Regulations”). Under the buyback agreement, purchases of shares may continue during any closed periods of Tenaris in accordance with the Regulations.
Ordinary shares purchased under the Program will be cancelled in due course.
Any buyback of ordinary shares pursuant to the Program will be carried out under the authority granted by the general meeting of shareholders held on May 6, 2025.
Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.
Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.
Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com
