Tenaris came in 16% above expectations even with the Strait of Hormuz closure delaying shipments to Iraq, Kuwait, Qatar and Jordan and cutting Middle East/Africa revenue 17%. The board still approved an interim dividend of $1.18 per ADS, roughly $600 million, payable November 25. Management sees the second half matching the first, with upside if Hormuz reopens before year-end.
Tenaris :
TS
TS
Stock Data
$53.34
$0.06 (0.11%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS EQUIPMENT & SERVICES
Tenaris SA produces and sells welded and seamless tubular steel products; and provides related services for the oil and gas industry and other industrial applications. The company is headquartered in Luxembourg, Luxembourg.
Latest Activity
Q2 2026
EPS
$0.95
est $0.79+15.7%
Revenue
$2.97B
est $2.94B+1.0%
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