Sequential Sales Growth
Sales reached $3.1 billion, up 6% sequentially, mainly due to an increase in North American OCTG prices and stable volumes.
EBITDA Improvement
EBITDA increased by 5% sequentially to $733 million, with an EBITDA margin close to 24%.
Strong Free Cash Flow
The company generated a free cash flow of $538 million after capital expenditure and other financial activities.
Successful Project Deliveries
Tenaris completed deliveries on several complex line pipe projects globally, including in Brazil, Alaska, Nigeria, Angola, and the Mediterranean.
Positive Developments in Mexico
Pemex secured a $12 billion financing facility expected to enhance operational levels and pay down supplier debt.
Continued Expansion in Frontier Markets
Tenaris has set up local service bases in the Guyana-Suriname Basin and continues participating in key projects.