Tenaris S.A. Reports on $700M Share Buyback Program

TL;DR

Tenaris's $700M buyback program update is out - check the weekly activity.

AI Summary

Tenaris S.A. filed a Form 6-K on February 14, 2025, to report on its USD 700 million Share Buyback Program. The report covers the weekly activity from February 10, 2025, to February 14, 2025. The filing was made under the Securities Exchange Act of 1934.

Why It Matters

This filing provides an update on Tenaris's ongoing share buyback program, which can impact share price and investor confidence.

Risk Assessment

Risk Level: low — This is a routine update on a previously announced share buyback program, not a new material event.

Key Numbers

• $700 million — Share Buyback Program (Total authorized amount for the share repurchase program.)

Key Players & Entities

• TENARIS SA (company) — Registrant
• USD 700 million (dollar_amount) — Share Buyback Program amount
• February 14, 2025 (date) — Filing date
• February 10, 2025 (date) — Start of reporting period
• February 14, 2025 (date) — End of reporting period
• Giovanni Sardagna (person) — Investor Relations Officer

FAQ

Filing Documents

• f6k_021425.htm (6-K) — 11KB
• hdr.jpg (GRAPHIC) — 5KB
• table.jpg (GRAPHIC) — 128KB
• hdr2.jpg (GRAPHIC) — 1KB
• 0001171843-25-000865.txt ( ) — 198KB

From the Filing

FORM 6 - K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 As of February 14, 2025 TENARIS, S.A. (Translation of Registrant's name into English) 26, Boulevard Royal, 4th floor L-2449 Luxembourg (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F. Form 20-F ✓ Form 40-F The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended. This report contains Tenaris’s Weekly Report (February 10, 2025 – February 14, 2025) on the USD 700 million Share Buyback Program. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 14, 2025 Tenaris, S.A. By: /s/ Giovanni Sardagna Giovanni Sardagna Investor Relations Officer Giovanni Sardagna Tenaris 1-888-300-5432 www.tenaris.com Weekly Report (February 10, 2025 – February 14, 2025) on the USD 700 million Tenaris Share Buyback Program. Luxembourg, February 14, 2025. - Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its up to USD 700 million Share Buyback Program announced on November 10, 2024, (subject to a maximum of 46,373,915 ordinary shares), to be executed in the open market, it has repurchased the following ordinary shares from February 10, 2025 to (and including) February 14, 2025: From February 10, 2025 to (and including) February 14, 2025, the Company has purchased a total of 1,865,000 ordinary shares for a total consideration of €34,704,150, equivalent to USD36,314,673. As of February 14, 2025, the Company held in treasury 87,541,212 ordinary shares (including 53,900,466 ordinary shares bought pursuant to the USD 1.2 billion Share Buyback Program), equal to 7.53% of the total issued share capital. Tenaris intends to cancel treasury shares purchased under the Programs 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 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.

View Full Filing

View this 6-K filing on SEC EDGAR