11 Cheap Energy Stocks to Buy Right Now

6. Tenaris (NYSE:TS)

Tenaris (NYSE:TS) is one of the cheap energy stocks to buy right now. On February 19, Tenaris reported financial results for 2025, closing the year with $12 billion in annual sales and a robust net cash position of $3.3 billion. Despite a challenging geopolitical landscape and the heavy impact of 50% Section 232 tariffs in the US, the company generated $2 billion in free cash flow for the year.

Q4 specifically saw sales of $3 billion, which was a 5% year-over-year increase, supported by steady demand in rig-direct services in North America and a recovery in fracking services in Argentina. Looking toward 2026, Tenaris expects relative stability in Q1, with performance largely mirroring Q4 2025.

While North American margins face pressure from import competition and raw material price volatility, expected to peak in Q2, Tenaris (NYSE:TS) is optimistic about a recovery in the latter half of the year. Growth is anticipated from an expanding offshore backlog, particularly in Suriname and Nigeria, and a projected uptick in drilling activity in Argentina’s Vaca Muerta formation as infrastructure investments materialize.

Tenaris (NYSE:TS), together with its subsidiaries, manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.