For Q1 FY2026 (ended March 31, 2026), Sable Offshore Corp. reported revenue of $1.27 million and a net loss of $197.0 million, a 79.9% increase in loss year-over-year. Operating loss was $118.8 million, and diluted EPS was -$1.37. Cash stood at $52.2 million, equity at $421.9 million, and long-term debt was zero.
•Revenue of $1.27 million with no prior-year comparison.
•Net loss widened to $197.0 million from $109.5 million in Q1 FY2025.
•Operating loss of $118.8 million, up 98.6% year-over-year.
•Diluted EPS of -$1.37, compared to -$1.30 in the prior year.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Sable Offshore is an independent oil and gas company in the United States. Its operations are structured into three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres
Subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. Incorporated in 2020 and headquartered in Houston, Texas, Sable Offshore was formerly known as Flame Acquisition Corp. before rebranding in February 2024.
Sable Offshore Corp. is an independent oil and gas company operating in the United States. Its operations are structured around three platforms located in federal waters offshore California. The company owns and operates 16 federal leases covering approximately 76,000 acres, along with subsea pipelines that transport crude oil, natural gas, and produced water from the platforms to onshore processing facilities. Sable Offshore focuses on the exploration, development, and production of oil and natural gas resources, primarily in the offshore California region.
Where is Sable Offshore Corp. (SOC) listed and in which currency?
Sable Offshore Corp. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SOC. The company's financial reporting and stock trading are conducted in US Dollars (USD). Being listed on the NYSE provides the company with access to a broad base of global investors and liquidity in one of the world's largest stock exchanges.
What sector and industry does Sable Offshore Corp. (SOC) belong to?
Sable Offshore Corp. operates in the Energy sector, specifically within the Oil & Gas Drilling industry. As an independent oil and gas company, it is involved in the drilling and production of crude oil and natural gas. The company's activities are focused on offshore drilling operations, utilizing platforms and subsea infrastructure to extract and transport hydrocarbons from federal waters offshore California.
Where is Sable Offshore Corp. (SOC) headquartered and what is its history?
Sable Offshore Corp. is headquartered in Houston, Texas, United States. The company was incorporated in 2020 and was formerly known as Flame Acquisition Corp. before rebranding to Sable Offshore in February 2024. Its operations are centered on three platforms in federal waters offshore California, and it owns 16 federal leases across approximately 76,000 acres. The company also operates subsea pipelines that connect its offshore platforms to onshore processing facilities.