Tenaris S.A. (TS) Releases Q1 2026 Earnings: Revenue and EPS Rise; Operating Cash Falls

Tenaris S.A. (TS) reported first-quarter 2026 results with revenue of $3.10 billion, up 6.1% year-over-year, and improved profitability metrics across the income statement.

Revenue: $3.10 billion (+6.1% year-over-year).

Gross profit: $1.05 billion (+4.9% year-over-year).

Operating profit: $584 million (+6.2% year-over-year).

Net income attributable to common shareholders: $564 million (+11.3% year-over-year).

Diluted earnings per share: $1.08 (+14.9% year-over-year).

Cash flow from operations declined versus the prior year, while capital spending was lower.

Cash from operating activities: $618 million (down 24.8% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $109 million (down 32.3% year-over-year).

Balance sheet highlights show stronger liquidity and slightly lower leverage.

Cash and cash equivalents: $1.15 billion (up 49.6% year-over-year).

Total liabilities: $3.17 billion (down 1.7% year-over-year).

Overall, Tenaris S.A. (TS) delivered higher earnings and per-share results for Q1 2026, supported by stronger cash balances even as operating cash generation softened compared with the prior year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

EARLY ACCESS

Receive TS Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

Tenaris S.A. Hedge Fund Activity

We have seen 123 institutional investors add shares of Tenaris S.A. stock to their portfolio, and 120 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ENCOMPASS CAPITAL ADVISORS LLC removed 1,432,704 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $55,087,468
WESTWOOD GLOBAL INVESTMENTS, LLC removed 968,229 shares (-11.7%) from their portfolio in Q4 2025, for an estimated $37,228,405
CITADEL ADVISORS LLC added 920,799 shares (+7940.0%) to their portfolio in Q4 2025, for an estimated $35,404,721
OPTIVER HOLDING B.V. removed 905,328 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $34,809,861
ABC ARBITRAGE SA removed 775,204 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $29,806,593
WELLINGTON MANAGEMENT GROUP LLP added 546,144 shares (+25.6%) to their portfolio in Q4 2025, for an estimated $20,999,236
CWA ASSET MANAGEMENT GROUP, LLC added 506,550 shares (+inf%) to their portfolio in Q1 2026, for an estimated $29,471,079

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Tenaris S.A. Price Targets

Multiple analysts have issued price targets for $TS recently. We have seen 5 analysts offer price targets for $TS in the last 6 months, with a median target of $57.0.

Here are some recent targets:

David Anderson from Barclays set a target price of $72.0 on 04/20/2026
Connor Lynagh from Morgan Stanley set a target price of $50.0 on 04/15/2026
Derek Podhaizer from Piper Sandler set a target price of $56.0 on 04/15/2026
Stephen Gengaro from Stifel set a target price of $57.0 on 02/23/2026
Marc Bianchi from TD Cowen set a target price of $59.0 on 02/20/2026