---
title: "Tenaris expects $140M Middle East sales impact in Q2 as it sees 10% US rig-count upside by year-end"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285627494.md"
description: "Tenaris anticipates a $140 million sales impact in the Middle East for Q2, driven by a projected 10% increase in US rig count by year-end. In Q1 2026, the company reported sales of $3.1 billion, reflecting a 6% year-on-year and 4% sequential growth, despite challenges posed by disrupted logistics in the Middle East due to ongoing conflict."
datetime: "2026-05-07T22:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285627494.md)
  - [en](https://longbridge.com/en/news/285627494.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285627494.md)
---

# Tenaris expects $140M Middle East sales impact in Q2 as it sees 10% US rig-count upside by year-end

Earnings Call Insights: Tenaris (TS) Q1 2026 Management View Giovanni Sardagna (Investor Relations Officer Giovanni Sardagna) framed Q1 results around disrupted Middle East logistics, saying, "Our first quarter sales reached $3.1 billion, up 6% year-on-year and 4% sequentially despite the disruption in the Middle East caused by the conflict and the...

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