Tenaris SA

TEN: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tenaris Earnings: Despite Solid Quarter, We Lower Our FVE Due to Continued Oil Price Headwinds

Joshua Aguilar , Abby Weimer

Aug 1, 2025

Tenaris' revenue decreased 7% year over year to $3.1 billion from $3.3 billion. Even so, higher average selling prices in the tubes segment caused sales to rise 6% sequentially, though a 1% decrease in volume slightly offset this benefit. Tenaris' cost of sales have risen 5% since last quarter.

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Tenaris SA

Tenaris Earnings: Despite Solid Quarter, We Lower Our FVE Due to Continued Oil Price Headwinds

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