StockNews.AI
TS
StockNews.AI
168 days

Tenaris completes its USD700 Million Share Buyback Program

1. Tenaris completed a USD700 million share buyback program on March 4, 2025. 2. The company purchased 36.86 million shares, 3.17% of total capital. 3. Tenaris now holds 90.76 million treasury shares, 7.81% of total capital. 4. The buyback may enhance shareholder value by reducing supply. 5. Risks include fluctuating oil and gas prices affecting future investments.

3m saved
Insight
Article

FAQ

Why Bullish?

Share buybacks typically boost stock prices by increasing value per share. Historical precedents show that significant buybacks often correlate with positive stock performance.

How important is it?

The share buyback strengthens Tenaris's commitment to return value to shareholders, positively impacting market perception and stock price. This aligns with investor expectations for capital return strategies.

Why Short Term?

Immediate market reactions to buybacks typically influence stock in the short term. Comparable past events reveal a trend where stock prices increase shortly after buybacks.

Related Companies

SLBNEXNOV
LUXEMBOURG, March 04, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of its USD700 million Share Buyback Program announced on November 10, 2024 (the “Program”). During the Program, which ran from November 11, 2024, to (and including) March 4, 2025, the Company purchased a total of 36,862,132 ordinary shares, representing 3.17% of the total issued share capital at the beginning of the Program, for a total consideration of €668,198,121, or approx. USD700 million. As of March 4, 2025, the Company held in treasury 90,762,598 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.81% of the total issued share capital. Tenaris intends to cancel treasury shares purchased under the Program in due course. Details of the above transactions are available on Tenaris’s corporate website under the Share Buyback Program Section https://ir.tenaris.com/share-buyback-program. Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies. Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications. Giovanni Sardagna        Tenaris 1-888-300-5432www.tenaris.com

Related News