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Tenaris SA ( (TS) ) has shared an announcement.
On February 18, 2026, Tenaris reported its audited results for the fourth quarter and full year ended December 31, 2025, showing resilient sales and margins despite higher U.S. Section 232 steel tariffs and operational challenges. Fourth-quarter net sales rose 5% year-on-year to $2.99 billion, while EBITDA of $717 million and an EBITDA margin of 23.9% held broadly steady, supported by stable Rig Direct demand in the U.S. and Canada, resumed fracking and coiled tubing services in Argentina, and an efficient industrial performance.
The company generated $665 million in free cash flow in the quarter and, after $300 million in dividends and $537 million of share buybacks, closed 2025 with a strong net cash position of $3.3 billion. Management expects sales and margins to stay near current levels in the first quarter of 2026 amid steady drilling activity and OCTG prices that have yet to fully reflect higher tariffs, and the board plans to propose a total annual dividend of $0.89 per share for 2025 at the May 12, 2026 shareholder meeting, including an already-paid interim dividend.
The most recent analyst rating on (TS) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on Tenaris SA stock, see the TS Stock Forecast page.
Spark’s Take on TS Stock
According to Spark, TipRanks’ AI Analyst, TS is a Outperform.
Tenaris SA’s strong financial performance and robust balance sheet are the most significant factors contributing to its score. The company’s valuation is attractive, with a reasonable P/E ratio and a solid dividend yield. However, technical indicators suggest the stock may be overbought in the short term. The earnings call provided a mixed outlook, with strong performance tempered by challenges such as tariffs and working capital issues.
To see Spark’s full report on TS stock, click here.
More about Tenaris SA
Tenaris S.A., based in Luxembourg, is a leading global manufacturer and supplier of steel tubes and related services, primarily serving the oil and gas industry. Its core offering includes seamless and welded OCTG and line pipe products under its Rig Direct model, with significant exposure to North American drilling activity and energy projects worldwide.
Average Trading Volume: 1,208,804
Technical Sentiment Signal: Buy
Current Market Cap: $26.21B
See more insights into TS stock on TipRanks’ Stock Analysis page.