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Sable Offshore Corp. (SOC)

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Sable Offshore Corp. (SOC) reported revenue of $137 million for Q2 FY2026, the quarter ended 30 June 2026. Net income was -$64 million, and diluted earnings per share $-0.42. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$137 million
Net income-$64 million
Diluted EPS$-0.42
QuarterQ2 FY2026ended 30 June 2026

Sable Offshore (SOC) in brief

Sable Offshore (SOC) reported revenue of $0 million for fiscal 2025, the year ended 31 December 2025.
Read moreNet loss was $410 million and the diluted loss per share $4.18. Revenue was $0 million in fiscal 2024 and $0 million in fiscal 2023. Net income in the same years was a loss of $629 million and a loss of $94 million. Over the twelve months to 30 June 2026, Sable Offshore reported revenue of $138 million and net loss of $434 million. Sable Offshore had 155 million shares outstanding at the latest filed count. At 30 June 2026 it carried $969 million of debt and $22 million of cash. At the close of 29 October 2026 the market cap of Sable Offshore was $444 million.

Ratios

From the filings

ROE-109.8%
ROCE-29.7%
Operating margin-292.8%
Net margin-313.4%
FCF margin-403.7%
Interest cover-3.27
Debt to equity2.45
Cash conversionn/a
Share count, last 12 months55.3%
Sales CAGR, 3 yearsn/a
Profit CAGR, 3 yearsn/a
EPS, TTMn/a

At the close of 29 October 2026

Price$2.88
Market cap$444 million
Stock P/En/a
Price to book1.12
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales3.21
52-week high$18.45
52-week low$2.88
Price, 1 year-78.3%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Sable Offshore Corp. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SOCgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SOC

Dividendsno dividend in its filings for fiscal 2021 onward
Filings29 in twelve months: 24 current reports (8-K), about 17 regulation FD disclosure; 5 material agreement; 4 results of operations; 2 other events; 1 change of auditor
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.14 by open interest at the 29 October 2026 close; the straddle prices a 13.9% move to 6 November 2026
13F holders246 funds reported a position for the quarter to 30 June 2026; largest Pilgrim Global Advisors LLC
Insider trading11 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest54.4 million shares short, 8.16 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q2 FY2023Q3 FY2023Q1 FY2024 ‡Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue0.00.00.00.00.00.00.00.00.00.01.3137
Operating income-22.3-22.5-171-62.2-54.6-50.8-59.8-129-119-100-119-66.9
Operating marginn/an/an/an/an/an/an/an/an/an/a-9343%-49%
Interest expense0.00.09.819.219.219.221.021.021.025.234.743.1
Pre-tax income-22.3-23.1-178-160-255-35.7-98.7-120-104-75.8-197-37.2
Net income-22.3-23.1-192-165-256-16.2-110-128-110-62.2-197-64.2
Net marginn/an/an/an/an/an/an/an/an/an/a-15502%-47%
Diluted EPSn/an/an/a-$2.75-$4.11n/a-$1.30-$1.40-$1.11n/a-$1.37-$0.42
Operating cash flown/a-17.4-58.6-57.7-31.6-37.5-47.9-95.0-111-98.1-82.29.4
Capital expendituren/a0.00.04.114.453.763.313013094.521.131.5
Free cash flown/a-17.4-58.6-61.9-46.1-91.2-111-225-241-193-103-22.1
Shares outstanding65m89m60m65m79m89m89m99m100m145m150m155m
Filing10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. ‡ Filed in two parts, up to 13 February 2024 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 3 fiscal years and the trailing twelve months

FY2023FY2024 ‡FY2025TTM
Revenue0.00.00.0138
Operating income-94.5-338-408-405
Operating marginn/an/an/a-292.8%
Interest expense0.067.388.2124
Pre-tax income-93.7-629-398-414
Income tax0.0-0.011.719.9
Net income-93.7-629-410-434
Net marginn/an/an/a-313.4%
Diluted EPSn/an/a-$4.18n/a
Filing10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. ‡ Filed in two parts, up to 13 February 2024 and after it, on the old and the new accounting basis; shown added together, with per-share figures left blank.

Cash flow and capital returned

FY2023FY2024 ‡FY2025TTM
Operating cash flow-70.1-185-352-282
Capital expenditure0.072.3418277
Free cash flow-70.1-258-769-559
Free cash flow marginn/an/an/a-403.7%
Cash from investing0.0-276-418-277
Cash from financing70.1744531298
Depreciation and amortisation21.012.412.942.7
Share-based compensation0.091.642.756.6
Diluted shares, weightedn/an/a98m153m
Shares outstanding at period endn/a89m145m155m
Filing10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2023FY2024 ‡FY2025TTM
Funded by
Shareholders' equity339384534395
Short-term borrowingsn/a0.0n/an/a
Debt0.0834922969
Operating lease liabilities5.317.019.3n/a
Other liabilities367348266398
Total liabilities and equity7121,5831,7411,762
Owned
Cash and equivalents0.030097.721.6
Receivablesn/an/a0.050.1
Inventoryn/a0.012.111.6
Other assets7121,2831,6311,678
Total assets7121,5831,7411,762
Filing10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/an/an/a
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/an/a-89.4%-76.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Sable Offshore's revenue in fiscal 2025?

Sable Offshore (SOC) reported revenue of $0 million for fiscal 2025, the year ended 31 December 2025.

How much did Sable Offshore earn in fiscal 2025?

Net loss was $410 million for fiscal 2025, and the diluted loss per share $4.18.

What is Sable Offshore's market cap?

The market cap of Sable Offshore was $444 million at the close of 29 October 2026.

How much debt does Sable Offshore have?

At 30 June 2026 Sable Offshore carried $969 million of debt and $22 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$207.5 billion16.2711.4%n/a-6.2%0.533.9%
Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$34.1 billion12.9210.4%41.8%18.6%0.221.2%
Permian Resources Corp. PR$21.4 billion16.9310.3%35.8%12.8%0.252.3%
All 84 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$753.0 billion23.5412.6%12.3%9.1%0.162.2%
Chevron Corp. CVX$457.3 billion22.1910.8%14.2%10.2%0.203.0%
Shell plc SHEL *$306.3 billion17.9510.2%n/a-6.1%0.432.8%
TotalEnergies SE TTE *$207.5 billion16.2711.4%n/a-6.2%0.533.9%
ConocoPhillips COP$180.2 billion19.8414.2%n/a9.6%0.362.2%
Petróleo Brasileiro S.A. (Petrobras) PBR *$141.1 billion7.2026.0%29.3%-2.4%0.355.7%
BP plc BP *$138.4 billionn/a0.1%6.6%-1.1%1.093.7%
Marathon Petroleum Corp. MPC$121.5 billion14.8844.8%9.2%15.0%1.720.9%
Equinor ASA EQNR *$119.0 billion24.5412.5%23.8%2.6%0.690.2%
Canadian Natural Resources Limited CNQ *$114.7 billion14.9424.4%n/a8.7%0.373.0%
Valero Energy Corp. VLO$107.3 billion8.6546.3%11.5%24.6%0.391.2%
Phillips 66 PSX$106.7 billion8.7436.6%n/a27.5%0.541.8%
Suncor Energy Inc. SU *$92.7 billion22.4013.1%n/a-4.6%0.222.2%
Eni S.p.A. E *$88.9 billion34.425.4%6.1%-7.5%0.593.9%
EOG Resources Inc. EOG$85.1 billion12.6221.6%32.9%19.1%0.252.5%
SLB Limited SLB$79.4 billion26.1311.9%n/a4.6%0.49n/a
Occidental Petroleum Corp. OXY$63.0 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$57.9 billion40.233.9%6.3%21.4%0.332.0%
Devon Energy Corp. DVN$56.3 billion12.157.9%16.7%14.6%0.272.0%
Woodside Energy Group Ltd. WDS *$44.1 billion16.327.6%30.0%-1.5%0.334.6%
EQT Corp. EQT$34.1 billion12.9210.4%41.8%18.6%0.221.2%
Halliburton Co. HAL$29.7 billion15.0218.0%12.6%1.5%0.64n/a
Permian Resources Corp. PR$21.4 billion16.9310.3%35.8%12.8%0.252.3%
Expand Energy Corp. EXE$20.9 billion7.8414.1%25.7%28.2%0.24n/a
Ovintiv Inc. OVV$19.8 billion20.228.0%9.7%6.0%0.321.7%
APA Corp. APA$18.0 billion10.8923.9%44.4%-16.1%0.531.9%
Antero Resources Corp. AR$12.7 billion9.3015.9%27.6%28.7%0.32n/a
Range Resources Corp. RRC$12.6 billion14.2918.3%32.4%20.8%0.160.7%
SM Energy Co. SM$9.4 billion7.7912.8%29.6%75.4%0.902.1%
PBF Energy Inc. PBF$9.3 billion3.3734.1%9.8%31.5%0.27n/a
Viper Energy, Inc. VNOM$9.1 billion360.231.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$8.5 billion10.3010.2%19.0%19.2%0.183.4%
Noble Corp. plc NE$7.6 billion143.791.3%12.0%-13.0%0.444.2%
Transocean Ltd. RIG$7.5 billionn/a-19.8%-24.2%8.5%0.61n/a
Matador Resources Co. MTDR$7.4 billion10.2612.2%32.2%-3.6%0.712.4%
Valaris Ltd. VAL$7.0 billion7.6029.2%11.3%-13.2%0.34n/a
Magnolia Oil & Gas Corp. MGY$6.2 billion11.5019.8%38.0%11.4%0.182.3%
Murphy Oil Corp. MUR$6.1 billion21.215.6%18.5%8.3%0.293.2%
CVR Energy Inc. CVI$5.7 billion83.5113.1%4.1%17.9%3.37n/a
CNX Resources Corp. CNX$5.3 billion6.2318.9%42.7%47.0%0.470.0%
California Resources Corp. CRC$4.9 billionn/a-3.6%-1.7%-22.5%0.382.9%
Patterson-UTI Energy, Inc. PTEN$4.8 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.5 billionn/a1.1%20.6%24.3%1.003.5%
Delek US Holdings, Inc. DK$4.4 billion20.1553.1%4.8%11.4%7.551.4%
Comstock Resources Inc. CRK$4.3 billion8.2019.7%28.8%31.6%1.200.0%
Calumet, Inc. CLMT$4.3 billionn/an/a1.0%12.8%n/an/a
Helmerich & Payne, Inc. HP$4.2 billionn/a-5.1%2.3%16.6%0.700.6%
Hess Midstream LP HESM$4.1 billion11.12n/a62.1%2.8%n/an/a
Oceaneering International Inc. OII$4.1 billion12.6727.1%10.4%3.0%0.40n/a
Valvoline Inc. VVV$4.1 billion40.4624.4%15.3%16.1%3.84n/a
Icahn Enterprises L.P. IEP$3.7 billionn/an/a-4.2%10.6%n/an/a
Par Pacific Holdings, Inc. PARR$3.7 billion4.3143.2%13.4%13.2%0.37n/a
Seadrill Ltd. SDRL$3.2 billion1,726.330.0%7.8%13.1%0.26n/a
Talos Energy Inc. TALO$3.0 billionn/a-19.9%-12.7%2.4%0.60n/a
Northern Oil & Gas, Inc. NOG$3.0 billionn/a-24.4%-24.1%-25.6%1.376.5%
Gulfport Energy Corp. GPOR$2.9 billion6.6127.2%45.0%35.2%0.50n/a
Liberty Energy Inc. LBRT$2.8 billion72.502.1%1.7%13.6%0.672.1%
Quaker Chemical Corp. KWR$2.7 billion28.216.9%7.6%8.7%0.621.3%
Select Water Solutions, Inc. WTTR$2.5 billion71.183.0%3.5%-2.0%0.25n/a
BKV Corp. BKV$2.3 billion7.6411.6%33.8%35.5%0.54n/a
National Energy Services Reunited Corp. NESR$2.2 billionn/an/an/an/a0.26n/a
Mach Natural Resources LP MNR$1.8 billion18.98n/a14.4%34.4%n/an/a
Kosmos Energy Ltd. KOS$1.6 billionn/a-76.9%-28.3%6.4%3.79n/a
Dorchester Minerals, L.P. DMLP$1.5 billion17.14n/a45.5%13.9%n/an/a
WaterBridge Infrastructure LLC WBI$1.5 billionn/a0.5%15.5%n/a2.13n/a
RPC Inc. RES$1.4 billionn/a-3.0%-2.2%17.8%0.022.5%
Nabors Industries Ltd. NBR$1.4 billion6.5945.4%10.9%6.1%3.90n/a
HighPeak Energy, Inc. HPK$1.3 billionn/an/an/an/a0.771.5%
Atlas Energy Solutions Inc. AESI$1.2 billionn/a-10.6%-8.3%-8.1%0.878.1%
Riley Exploration Permian, Inc. REPX$1.2 billion9.4418.7%38.4%23.2%0.42n/a
Tamboran Resources Corp. TBN$1.1 billionn/a-3.3%n/an/a0.07n/a
Hornbeck Offshore Services, Inc. HOS$1.1 billion26.592.5%5.6%2.0%0.19n/a
Diversified Energy Co. DEC$1.0 billion2.5247.6%32.6%n/a3.08n/a
ProPetro Holding Corp. PUMP$967 millionn/a0.2%0.5%-6.0%0.86n/a
ProFrac Holding Corp. ACDC$886 millionn/a-75.4%-15.2%-16.2%1.92n/a
Tetra Technologies Inc. TTI$881 million148.751.5%7.3%5.7%0.47n/a
TXO Partners, L.P. TXO$782 millionn/an/a-10.6%22.2%n/an/a
Vitesse Energy, Inc. VTS$769 millionn/a-1.8%7.0%8.5%0.2511.0%
Granite Ridge Resources, Inc. GRNT$765 millionn/a-4.9%7.5%14.6%0.827.6%
Vaalco Energy Inc. EGY$667 millionn/a-28.6%-10.4%-25.5%0.473.9%
W&T Offshore Inc. WTI$629 millionn/an/a5.0%20.3%n/an/a
Sandridge Energy Inc. SD$538 million6.4815.3%41.1%23.2%0.00n/a
Core Laboratories Inc. CLB$477 million18.228.9%9.2%0.3%0.430.4%
Sable Offshore Corp. SOC$444 millionn/a-109.8%-292.8%n/a2.45n/a
47 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 202513 November 2025EDGAR
10-Q30 June 202512 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202417 March 2025EDGAR
10-Q30 September 202414 November 2024EDGAR
10-Q30 June 202413 August 2024EDGAR
10-Q31 March 202415 May 2024EDGAR