The earnings call highlighted sequential growth in sales and EBITDA, a strong cash position, and successful global project deliveries. However, these positives were offset by year-on-year sales decline, increased tariffs impacting market conditions, challenges in Argentina, and uncertainty in future sales and pricing due to tariffs. The sentiment is mixed with both positive achievements and significant challenges.

Company Guidance -

Q3 2025

During the Tenaris S.A. Second Quarter 2025 Earnings Conference Call, the company provided guidance that highlighted a complex outlook for the remainder of the year. Sales for the second quarter were reported at $3.1 billion, reflecting a 7% year-on-year decrease but a 6% sequential increase, primarily due to higher North American OCTG prices and stable volumes. The average selling prices in the Tubes segment fell 2% compared to the same quarter last year but rose 6% sequentially. EBITDA increased by 5% sequentially to $733 million, maintaining a margin close to 24%. Free cash flow stood at $538 million after accounting for an operating cash flow of $673 million and capital expenditure of $135 million. However, the company anticipates a high single-digit decline in sales for the third quarter, influenced by reduced invoicing in fracking operations and lower line pipe shipments. Other factors, such as increased U.S. Section 232 tariffs on steel imports, are expected to influence pricing and market dynamics, possibly affecting margin trends. The net cash position at the quarter's end was $3.7 billion, factoring in a $600 million dividend payment and $237 million in share buybacks. Looking ahead, Tenaris expects lower sales in the third quarter but remains cautious about the fourth quarter, anticipating some price adjustments in response to market conditions.

Sequential Increase in Sales and EBITDA

Second quarter sales reached $3.1 billion, up 6% sequentially, and EBITDA increased by 5% sequentially to $733 million, with an EBITDA margin close to 24%.

Strong Free Cash Flow

The company generated $538 million in free cash flow for the quarter after a dividend payment of $600 million and share buybacks of $237 million.

Robust Financial Position

Net cash position amounted to $3.7 billion at the end of the quarter, highlighting a strong financial position.

Strategic Project Deliveries

Successful delivery of pipes and coatings to complex line pipe projects globally, including high-profile projects with Equinor, ConocoPhillips, Shell, Azule, and Chevron.

Positive Developments in Pemex

Pemex issued a $12 billion financing facility, potentially increasing operations and addressing supplier debt.

Tenaris SA (TS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.71 / -	0.81	―	―	―
Jul 30, 2025	2025 (Q2)	0.87 / 0.99	0.59	67.80% (+0.40)	―
Apr 30, 2025	2025 (Q1)	0.78 / 0.94	1.27	-25.98% (-0.33)	―
Feb 19, 2025	2024 (Q4)	0.69 / 0.94	1.92	-51.04% (-0.98)	―
Nov 06, 2024	2024 (Q3)	0.66 / 0.81	0.91	-10.99% (-0.10)	―
Jul 31, 2024	2024 (Q2)	0.93 / 0.59	1.9	-68.95% (-1.31)	―
Apr 25, 2024	2024 (Q1)	1.04 / 1.27	1.91	-33.51% (-0.64)	―
Feb 21, 2024	2023 (Q4)	1.00 / 1.92	1.37	40.15% (+0.55)	―
Nov 01, 2023	2023 (Q3)	1.22 / 0.91	1.03	-11.65% (-0.12)	―
Aug 02, 2023	2023 (Q2)	1.62 / 1.90	1.08	75.93% (+0.82)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$37.16	$34.94	-5.97%
Apr 30, 2025	$32.20	$31.68	-1.61%
Feb 19, 2025	$37.60	$37.34	-0.69%
Nov 06, 2024	$34.82	$35.67	+2.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tenaris SA (TS) report earnings?

Tenaris SA (TS) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Tenaris SA (TS) earnings time?

Tenaris SA (TS) earnings time is at Oct 29, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TS EPS forecast?

TS EPS forecast for the fiscal quarter 2025 (Q3) is 0.71.

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