Tenaris S.A. (TEN) Earnings Call Transcripts

Tenaris S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Tsakos Energy Navigation Limited (TEN:US) reported a significant increase in revenue and net income, driven by strong tanker market fundamentals and geopolitical events. Revenue reached $253 million, up 28% year-over-year, while net income soared to $89 million, a 136% increase compared to the same quarter last year. Management indicated that the second quarter is expected to be even stronger due to ongoing geopolitical tensions, with a backlog of $3.6 billion in secured revenues for the next two years, suggesting robust future cash flows.

Reported metrics

Guidance from management

Management expects the second quarter of 2026 to be significantly stronger than the first quarter, driven by ongoing geopolitical tensions and a robust market environment. They highlighted a backlog of $3.6 billion in secured revenues over the next two years.

What management said

Well, it's -- we are open to suggestions from people of your experience, not only, but I mean we are working as exactly one entity right now. Our new building department is busy, making sure that the sea trials are happening and the ships are being delivered. So the focus right now is the operational focus. We're not planning to do the first -- well, the third delivery of the series is at the end of July. I think sea...

That's very right what Chairman says. We have very strong indications for energy demand, including gas from all our clients. I mean today, we could charter all our uncharted new buildings, including our later delivery VLs, which we ordered -- TEN ordered in very timely manner 6 months ago. But we have the luxury to have more than $3.5 billion of backlog and waiting for the right trade and the right opportunities with...

What analysts pressed on

Analysts raised questions about the impact of geopolitical events on operational efficiency and the potential for increased operating costs due to currency fluctuations. There were also inquiries regarding the long-term outlook for the LNG market amidst current market volatility.

Main topics on the call

• Strong Revenue Growth — TEN reported revenues of $253 million for Q1 2026, which is $56 million higher than Q1 2025, reflecting a 28% year-over-year increase. Management noted that 'the year started on a high note for the tanker markets' due to...
• Record Net Income — Net income reached $89 million, a 136% increase from $37.7 million in Q1 2025. This performance was attributed to 'positive tanker market fundamentals' and operational efficiencies, marking one of the highest levels in t...
• Increased Dividend — The company announced a dividend of $1 per common share, which is 67% higher than the previous year. This reflects TEN's commitment to returning capital to shareholders amidst strong financial performance.
• Geopolitical Impact on Operations — Management highlighted that geopolitical events, particularly in the Middle East, have created market dislocations that TEN is poised to benefit from. Nikolas Tsakos stated, 'the market still has legs, has good fundament...

Read the full Tenaris S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 62 Tenaris S.A. earnings call transcripts on record, spanning February 20, 2020 to August 6, 2026. Based on this history, Tenaris S.A. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TEN

Exchange

BIT

Country

IT

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

62

First call

February 20, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly