TNRSF TENARIS SA

NEUTRAL Impact: 3/10 6-K
Horizon days Filed May 13, 2026 Processed 27d 12h ago SEC 0001171843-26-003354
Notable filing: 6-K
Latest settled — T+5d ⚠ clustered
TNRSF ▲ 0.00% at T+5d
NEUTRAL call ✗ call lost 0.00% · α vs SPY +1.16% · entry $28.45 → $28.45
Next anchor: T+20d tomorrow
Currently $28.45 · +0.00% from $28.45 entry
Entry anchored
May 13, 2026
via day open
T+1d
0.00%
call 0.00% · α -0.78%
$28.45
settled 27d ago
T+5d
0.00%
call 0.00% · α +1.16%
$28.45
settled 21d ago
T+20d
call — · α —
tomorrow
T+60d
call — · α —
in 8w

Price Chart

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Executive Summary

Tenaris held its Annual General Meeting on May 12, 2026, approving routine items including the 2025 financial statements, a $0.89/share annual dividend ($0.9B total), re-election of directors, and renewal of share buyback authorization. The filing is administrative in nature with no new material financial disclosures beyond the previously announced dividend.

Actionable Insight

The $0.60/share dividend balance payable May 20 provides a near-term catalyst for income-focused holders. The renewed buyback authorization signals ongoing capital return flexibility, but with FY2025 losses absorbed by retained earnings, monitor the 20-F for underlying earnings trends before taking a directional view.

Key Facts

  • Annual dividend of $0.89 per share ($1.78 per ADS) approved, totaling ~$0.9 billion, including a $0.29 interim dividend already paid
  • Dividend balance of $0.60 per share ($1.20 per ADS) to be paid on May 20, 2026, representing ~$0.6 billion
  • Board reduced to ten members; all existing directors re-appointed
  • Share buyback authorization renewed for the company and subsidiaries
  • Loss for FY2025 to be absorbed by retained earnings
  • Forvis Mazars appointed as statutory auditor for FY2026

Financial Impact

Dividend of ~$0.9 billion approved; $0.6 billion balance payable May 20, 2026

dividendshare buyback authorization

Risk Factors

  • FY2025 net loss absorbed by retained earnings suggests underlying profitability challenges
  • No new operational or strategic updates beyond routine governance items

Market Snapshot

Exchange
OTC
Sector
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Analyst Consensus
45% bullish (20 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001171843-26-003354
Document: 0001171843-26-003354-index-headers.html0001171843-26-003354
Document: 0001171843-26-003354-index.html0001171843-26-003354
Document: 0001171843-26-003354.txt0001171843-26-003354
7 reports for TNRSF
Performance horizon

Track record builds as more directional reports settle.

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Reports for TNRSF — sortable, filterable
Type Now
May 13, 2026
27d ago
6-K
NEUTRAL ★ 3/10
$28.45 $28.45· 0.00%▲ +1.16%$28.45 (+0.00%)
May 13, 2026
27d ago
6-K
NEUTRAL ★ 3/10
$28.45 $28.45· 0.00%▲ +1.16%$28.45 (+0.00%)
May 7, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$28.45 $28.45· 0.00%▼ −1.50%$28.45 (+0.00%)
May 7, 2026
4w ago
6-K
BULLISH ★ 6/10
$28.45 $28.45· 0.00%▼ −1.50%$28.45 (+0.00%)
Apr 13, 2026
8w ago
6-K
NEUTRAL ★ 4/10
$28.45 $28.45· 0.00%▼ −3.30%$28.45 (+0.00%)
Apr 11, 2026
8w ago
6-K
NEUTRAL ★ 3/10
$28.45 $28.45· 0.00%▼ −3.30%$28.45 (+0.00%)
Mar 31, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$28.45 $28.45· 0.00%▼ −3.94%$28.45 (+0.00%)
Showing 7 of 7

US Market Status

Market Closed — Opens Thu (11h 17m)

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