Tenaris ( (TS) ) has released its Q3 earnings. Here is a breakdown of the information Tenaris presented to its investors.
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Tenaris S.A. is a leading global manufacturer and supplier of steel pipes and related services primarily for the energy industry, known for its Rig Direct® service model and extensive operations in the Americas and the Middle East.
In its third quarter of 2025, Tenaris reported a slight decrease in net sales compared to the previous quarter but a year-on-year increase, with operating income showing a positive trend. The company’s earnings per share also saw a modest rise compared to the same period last year.
Key performance highlights include a 3% increase in EBITDA from the previous quarter, bolstered by a $34 million gain from the return of U.S. antidumping deposits. However, net income experienced a decline due to increased costs and a significant share buyback program. The company’s free cash flow was impacted by rising working capital, primarily from increased trade receivables.
Looking ahead, Tenaris anticipates stable sales in the fourth quarter, though margins may be pressured by the full impact of increased tariff costs. The company remains focused on maintaining its strong cash position and continuing its strategic initiatives in key markets.