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Tenaris completes USD600 million First Tranche of its Share Buyback Program

1. Tenaris completed a $600 million share buyback program tranche. 2. 33 million shares, 3.08% of issued capital, were purchased. 3. Shares are currently held in treasury, with plans for cancellation. 4. Future performance may depend on oil and gas price uncertainties. 5. Tenaris is a major supplier for the energy sector.

Shares Buyback
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0%S&P 500
$35.7709/30 06:46 PM EDTEvent Start
$35.7709/30 10:27 PM EDTLatest Updated
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FAQ

Why Bullish?

The buyback reduces share supply, potentially increasing demand and price. Historical data shows buybacks often correlate with higher stock prices post-announcement.

How important is it?

The significant buyback program suggests strong company confidence and may signal to investors that shares are undervalued.

Why Short Term?

The immediate effects of buyback announcements typically influence stock prices quickly, often within a quarter. Long-term impact depends on broader market conditions and company performance.

Related Companies

SLBOXYCOP
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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