Tenaris 2025 Second Quarter Results

SEC Filing 6-K (0001171843-25-004924)

Tenaris S.A. announced its financial results for the second quarter of 2025, reporting net sales of $3.086 billion, a 6% increase from the previous quarter. Operating income rose to $583 million, and net income reached $542 million, marking a 5% increase. The company's EBITDA stood at $733 million, with an EBITDA margin of 23.7%. Free cash flow for the quarter was $538 million, and the net cash position at the end of June 2025 was $3.7 billion. The company noted that sales growth was driven by higher OCTG prices in North America and stable volumes. However, the outlook for the second half of 2025 anticipates a moderate decline in sales due to lower drilling activity and increased tariff costs.