Tenaris Repurchases EUR58.5 Million in Own Shares, Acquiring 3.8 Million Units at EUR15.33 Average Price

Tenaris SA has acquired 3.8 million of its own ordinary shares at an average price of EUR15.3302 per unit, totaling EUR58.5 million. This represents 2.5% of its share capital, with the company now holding 26.5 million shares. Tenaris shares are down 0.5% at EUR15.32 each.

Tenaris SA has recently undertaken a significant move to enhance shareholder value by acquiring 3.8 million of its own ordinary shares. The shares were purchased at an average price of EUR15.3302 per unit, amounting to a total consideration of EUR58.5 million [2]. This acquisition represents a 2.5% stake in the company's share capital, with the total number of shares now standing at 26.5 million.

The share repurchase, which took place between August 4 and August 8, is part of Tenaris SA's ongoing strategy to reduce its outstanding shares. The move is aimed at increasing the value of existing shares by reducing the overall number of shares in circulation. As of today, Tenaris shares are down by 0.5%, trading at EUR15.32 each [2].

In the context of the company's recent financial performance, Tenaris reported a quarterly earnings per share (EPS) of $0.99, surpassing analyst expectations of $0.88 [1]. However, the company's quarterly revenue declined by 7.1% year-over-year. Despite this, the company's leadership has authorized a stock repurchase plan to buy back up to $1.20 billion of its shares, indicating confidence in the stock's undervaluation [1].

Several institutional investors have also shown interest in Tenaris S.A. by either increasing or reducing their stakes in the company. ABC Arbitrage SA, for instance, significantly reduced its holdings in Tenaris S.A. by 84.1%, selling 703,190 shares and now holding 132,513 shares [1]. Other notable investors, such as PNC Financial Services Group Inc., Silvercrest Asset Management Group LLC, Covestor Ltd, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., and Quadrant Capital Group LLC, have also adjusted their positions in Tenaris S.A. [1].

Tenaris S.A. continues to be a prominent player in the industrial products sector, producing and selling seamless and welded steel tubular products for the oil and gas industry and other industrial applications. The company's recent share repurchase indicates a strategic move to enhance shareholder value and potentially boost the stock price in the long term.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-abc-arbitrage-sa-has-518-million-stake-in-tenaris-sa-nysets-2025-08-05/
[2] https://www.marketscreener.com/news/tenaris-acquires-over-eur58-million-in-own-shares-ce7c5ed2dd8ff12c