TS
Tenaris S.A.39.49
-0.84-2.08%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q1 stable; offshore cycle emphasized
Q&A largely reaffirms prepared remarks on resilient Q4 results, with management guiding Q1 sales and margins in line with Q4 amid volatile energy markets. Incremental color highlights stable international premium pricing despite spot weakness, a multiyear offshore cycle boosting H1 2026 revenues above H2 2025, and US ERW margin pressure from hot-rolled coil hikes hitting Q2 before Pipe Logix recovery in Q3/Q4. Argentina sees gradual drilling pickup and third frac fleet by year-end; Venezuela offers $50M revenue in 2026 with upside. Q&A adds execution details on projects like Suriname and Sakarya. Management dodged medium-term forecasts. Confident offshore tone. Investors watch US import dynamics.
Key Stats
Market Cap
20.21BP/E (TTM)
10.62Basic EPS (TTM)
3.72Dividend Yield
0.02%IPO
Website
Employees
Sector
Industry
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