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Tenaris SA (TS)
NYSE:TS
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.88Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed that Tenaris delivered resilient top-line growth and strong full-year cash generation in 2025, maintained a net cash position and increased shareholder returns, while successfully expanding services (Rig Direct, Argentina fracking, offshore backlog) and progressing sustainability projects. However, meaningful challenges persist: a pronounced U.S. tariff headwind, raw material-driven margin pressure (notably on welded/ERW products), import competition suppressing price recovery, and ongoing market/geopolitical uncertainties. On balance, the company appears financially strong and operationally resilient, with near-term margin risk from input costs and trade dynamics.Company Guidance
Quarterly Revenue Growth
Q4 sales of $3.0 billion, up 5% year-over-year and 1% sequentially, driven by resilient Rig Direct sales in the U.S. & Canada and resumed fracking/coiled tubing services in Argentina.
Solid Quarterly EBITDA and Margin
Q4 EBITDA of $717 million, representing a 24% EBITDA margin, demonstrating margin resilience despite headwinds.
Strong Full-Year Financial Results and Cash Generation
Full-year 2025 results: net sales $12 billion, EBITDA $2.9 billion, net income $2.0 billion and free cash flow of $2.0 billion, which was returned to shareholders via dividends and buybacks.
Healthy Operating Cash Flow and Net Cash Position
Cash flow from operations in Q4 of $787 million; net cash position of $3.3 billion at quarter end after shareholder distributions and buybacks.
Shareholder Returns Increased
Board proposed annual dividend of $0.89 per share (includes interim $0.29), implying a 7% increase in dividend per share versus prior year; active buyback program (total program $1.2 billion) with $537 million spent in the period.
Order Backlog and Offshore Opportunities
Significant offshore backlog and contract exposure: supplying casing for Shell's Sparta 20K, supporting ExxonMobil in Guyana, preparing services for TotalEnergies in Suriname and planning production/coating for TPAO Sakarya — expected to drive higher offshore revenues in H1 2026 and beyond.
Operational Response & Record U.S. Production/Supply
U.S. operations improved production and supply-chain performance to record levels (noted as high percent of U.S. capacity operating) to mitigate tariff impacts and support market share; strengthened differentiated Rig Direct service offerings.
Progress on Sustainability and Safety
Brought second wind farm in Argentina into operation; two wind farms now supply essentially all energy for the electric steel shop and operations in Canada; safety indicators improved over the year.
Argentina Service Expansion
Supplied Vaca Muerta Sur and Duplicar North pipelines and expanding fracking/coiled tubing services with a third set of equipment expected to be operational before year-end, supporting mid‑term Argentina growth.
Venezuela Re-Entry Potential
Resumed service to Chevron in Venezuela and ramp-up expected, with a 2026 revenue estimate around $50 million and potential upside if other majors return.
TS Earnings History
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 |
|---|---|---|---|
Feb 18, 2026 | $49.73 | $53.64 | +7.86% |
Oct 29, 2025 | $37.52 | $39.35 | +4.88% |
Jul 30, 2025 | $36.62 | $34.43 | -5.98% |
Apr 30, 2025 | $31.72 | $31.22 | -1.58% |
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 May 06, 2026, After Close (Confirmed).
What is Tenaris SA (TS) earnings time?
Tenaris SA (TS) earnings time is at May 06, 2026, 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 2026 (Q1) is 0.88.