Sable Offshore Corp./$SOC

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About Sable Offshore Corp.

Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California. The company is managed as one reportable segment, oil and gas.

Ticker

$SOC
Sector

Primary listing

NYSE

Employees

161

SOC Metrics

BasicAdvanced
$2.3B
-
-$6.30
0.61
-

Bulls say / Bears say

Sable Offshore successfully resumed oil production from the Santa Ynez Unit’s Platform Harmony on May 15, 2025, achieving flow rates of approximately 6,000 barrels per day with well tests outperforming levels seen at the time of the 2015 shut-in. (Offshore Energy)
The company completed its Gaviota State Park anomaly repair program and hydrotested seven of eight sections of the Las Flores Pipeline by mid-May, positioning the final hydrotest and planned July 2025 recommencement of oil sales, satisfying conditions of the U.S. District Court Consent Decree. (SEC Filing Exhibit 99.1)
Sable bolstered its liquidity by closing an upsized public offering on May 23, 2025, raising approximately $295 million in gross proceeds at $29.50 per share, funding capital expenditures and working capital to support the Santa Ynez Unit development. (Business Wire via Sable Offshore Corp.)
In April 2025, the California Coastal Commission imposed an $18.02 million fine and issued a third cease-and-desist order for unpermitted pipeline work off the Gaviota Coast, exposing Sable to regulatory compliance costs and potential project delays. (Los Angeles Times)
On July 9, 2025, the Santa Barbara County Superior Court denied Sable’s motion to stay the Coastal Commission’s cease-and-desist order, mandating the company to secure new permits before resuming maintenance work and potentially delaying the planned August pipeline restart. (SEC Form 8-K)
Sable is facing a securities class-action lawsuit filed in late July 2025 alleging that the company misled investors regarding the progress of its oil production restart, risking legal expenses and reputational damage if the case is resolved unfavorably. (GlobeNewswire via Hagens Berman)
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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