Tenaris stock reports a 4 percent quarterly revenue decline

Published on 10/06/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenaris stock was trading at USD 56.74 on October 6, 2026, down 2.93 percent. First-half revenue rose 1 percent to USD 6.067 billion, while EBITDA fell 3 percent.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris stock (ISIN US88031M1099) was trading at USD 56.74 on the NYSE on October 6, 2026, at 10:44 a.m. ET, down 2.93 percent. The latest company figures show a weaker second quarter, with revenue declining 4 percent year over year to USD 2.967 billion.

Second-quarter margins weaken

According to SteelRadar on September 7, 2026, second-quarter EBITDA fell 11 percent to USD 649 million, while the EBITDA margin declined from 23.7 percent to 21.9 percent. The report attributed the pressure to delayed Middle East shipments, higher logistics costs, lower capacity utilization and increased raw-material costs.

For the first half of 2026, revenue increased 1 percent year over year to USD 6.067 billion, but EBITDA decreased 3 percent to USD 1.385 billion and operating income fell 5 percent to USD 1.078 billion, according to SteelRadar.

Management sees a fourth-quarter lift

Tenaris management said in its Q2 2026 earnings call that second-half revenue and EBITDA should be in line with the first half, while the third quarter should remain similar to the second. The call transcript published by Yahoo Finance also records a USD 130 million Middle East backlog outside the base case and a fourth-quarter volume outlook above 1 million tons.

The same call cited USD 396 million of quarterly free cash flow and a USD 3.6 billion net cash position at the end of June 2026. Tenaris also approved an interim dividend of USD 0.59 per share, or USD 1.18 per ADR, with payment scheduled for November 25, 2026, according to Yahoo Finance.

Consensus target stays above the stock

MarketBeat reported on September 20, 2026, that 10 brokerages held a consensus rating of Hold, with six Hold ratings and four Buy ratings. The average 12-month price target was USD 62.45 in that report, while a later MarketBeat update lists USD 63.67.

Using the latest target and the October 6 trading price, the stock lies 10.9 percent below the USD 63.67 consensus target. Bank of America raised its target from USD 66.00 to USD 71.00 and kept a Buy rating, according to MarketBeat.

NYSE value remains below yearly high

TS had a market capitalization of USD 30.4 billion and trading volume of 774,139 shares at 10:44 a.m. ET on October 6, 2026. The USD 56.74 price stood 12.2 percent below the 52-week high of USD 64.60 and above the USD 33.65 low.