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Tenaris completes USD600 million First Tranche of its Share Buyback Program

1. Tenaris completed USD600 million of its USD1.2 billion share buyback program. 2. 33,059,955 shares purchased, 3.08% of total issued share capital. 3. All treasury shares acquired will be canceled in due course. 4. The company is a key supplier for the energy industry. 5. Future performance may be impacted by fluctuating oil and gas prices.

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FAQ

Why Bullish?

Share buyback programs are typically viewed positively, enhancing shareholder value. Historical instances show that similar actions can lead to increased share prices in the long term.

How important is it?

The announcement of a significant buyback signals confidence in the company's financial health, likely attracting investor interest.

Why Short Term?

Immediate bullish sentiment is likely as buybacks typically boost stock prices swiftly. However, long-term effects depend on operational performance.

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LUXEMBOURG, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today the completion of the first USD600 million tranche of its USD1.2 billion Share Buyback Program announced on June 6, 2025 (the “Program”). During this first tranche, which ran from June 9, 2025, to (and including) September 30, 2025, the Company purchased a total of 33,059,955 ordinary shares, representing 3.08% of its total issued share capital, for a total consideration of €516,588,880, or approximately USD600 million. As of September 30, 2025, the 33,059,955 ordinary shares that the Company bought in the first tranche of the Program are held in treasury. Tenaris intends to cancel all 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 SardagnaTenaris 1-888-300-5432www.tenaris.com

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