Tubacex (ES:TUB) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tubacex has secured a strategic agreement with Mubadala Investment, injecting 182.1 million euros and significantly reducing its net financial debt. The company’s third-quarter results reveal a record-high quarterly EBITDA for the year, alongside a promising sales figure, despite ongoing investments in its Abu Dhabi plant. With a robust portfolio and a strategic contract with Petrobras, Tubacex is poised for continued growth in the OCTG business and premium gas extraction solutions.
For further insights into ES:TUB stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- ‘Time to Get Off This Train,’ Says Top Analyst About Rigetti Computing Stock Ahead of Earnings
- AMD Stock Heads Into Tuesday’s Earnings With Momentum — Here’s What This Top Investor Expects
- ‘The Big Vote Coming’: Daniel Ives Weighs In on Tesla Stock as Shareholders Decide Musk’s $1 Trillion Pay Package