Tenaris S.A.

Tenaris S.A., together with its subsidiaries, manufactures and distributes steel pipes for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The company offers steel casings to sustain the walls of oil and gas wells during and after drilling; steel tubing for conducting crude oil and natural gas to the surface after drilling has been completed; steel line pipes to transport crude oil and natural gas from wells to refineries, storage tanks and loading and distribution centers; and mechanical and structural pipes for the transportation of other forms of gas and liquids under high pressure.

In addition, the company engages in the development, management, and licensing of intellectual property.

Tenaris S.A. was incorporated in 2001 and is based in Luxembourg City, Luxembourg. Tenaris S.A. operates as a subsidiary of Techint Holdings S.à r.l.

In 2023, Tenaris generated revenue of $13.1 billion and net income of $2.65 billion. There are1.1 billion shares outstanding, trading at $39.21 per share, with each generating EPS of $2.31, for an earnings yield of 12.5%.