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

-

SOC Metrics

BasicAdvanced
$1.9B
-
-$6.30
0.61
-

Bulls say / Bears say

Shares surged 20.6% after the company announced the restart of oil production at the Santa Ynez Unit and the completion of repairs and hydrotests on key infrastructure, signaling market confidence in reducing risks associated with core assets and readiness for operations (Reuters).
Sable raised about $256.5 million in gross proceeds through an upsized public offering on May 22, strengthening its balance sheet to fund capital expenditures and working capital ahead of imminent oil sales (Reuters).
By late May, Sable had completed hydrotests on seven of eight sections of the Las Flores Pipeline System, positioning itself to restart oil sales through the onshore pipeline in the second half of 2025 (Reuters).
The company was fined $18.2 million by the California Coastal Commission for conducting unpermitted pipeline work, facing multiple cease-and-desist orders and potential restoration obligations that could delay operations and increase compliance costs (Chron).
In Q2, Sable reported a net loss of $128.1 million and held $875.6 million in short-term debt against $247.1 million in cash, highlighting significant leverage that may limit financial flexibility as debt maturities approach (Reuters).
The upsized public offering of 8.70 million shares at $29.50 per share diluted existing shareholders, underscoring the company's dependence on external equity funding due to limited internal cash flow (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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