USD 600 Million

Tenaris (TS) has initiated the second $600 million tranche of its $1.2 billion share buyback program, scheduled from November 3, 2025, to April 30, 2026. A financial institution will execute the buyback independently, adhering to regulations and potentially purchasing shares during closed periods. Repurchased shares will be canceled, reducing the outstanding share count. The buyback, authorized by shareholders, aims to return capital, but faces risks linked to oil and gas prices.