TENARIS SA (TS) Form 6-K — Nov 5, 2026
Tenaris reported Q3 2026 net sales of $3,102 million, up 5% sequentially and 4% year on year, with net income of $521 million (+15% YoY) and EBITDA of $756 million (24.4% margin). The recovery was driven by higher demand in North America and increased shipments to the Middle East, with Tubes operating income of $557 million and earnings per ADS of $1.01, up 19% year on year. Free cash flow was $268 million and the company held a net cash position of $3.8 billion after paying a $606 million dividend and $90 million of buybacks in the first nine months.
Key figures
- Eps
- 1.01
- Revenue
- 3102
- Guidance
- In the fourth quarter, we expect an increase in our sales and EBITDA reflecting higher OCTG demand and prices in North America and an increase in shipments to offshore projects; Q4 should set a new quarterly baseline for sales and EBITDA going into 2027.
- Net Income
- 521
- Revenue Yoy
- 4%
- Cash Position
- 3.8 billion (net cash position at September 30, 2026)
- Ebitda q3 2026 musd
- 756
- Net sales 9m 2026 musd
- 9169
- Ebitda margin q3 2026 pct
- 24.4
- Tubes volumes q3 2026 kmt
- 976
- Dividends paid 9m 2026 musd
- 606
- Free cash flow q3 2026 musd
- 268
- Share buybacks 9m 2026 musd
- 90
- Operating income q3 2026 musd
- 598
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