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Tenaris S.A. (TS) filed a Form 6-K on 18 Jul 2025 disclosing weekly activity under the first tranche of its USD1.2 bn share buyback program launched 6 Jun 2025. Between 14�18 Jul 2025 the company repurchased 2,836,581 ordinary shares on the open market, spending �45.6 m (≈USD53.0 m). This represents roughly 8.8 % of the USD600 m tranche and 4.4 % of the total program authorization.
Following the purchases, Tenaris now holds 20,058,339 treasury shares, equal to 1.87 % of issued share capital. Management states that these shares will be cancelled in due course, implying a modest reduction in shares outstanding and potential accretion to per-share metrics.
No additional operating or financial figures were provided. Full transaction details are available on the company website; forward-looking language cautions that oil-and-gas demand could affect future results.