Sable Offshore Corp. (SOC)
Sable Offshore Corp. brought in $292.8M of revenue over the twelve months to September 30, 2026. It posted a net loss of $592.7M. In fiscal 2025 capital spending exceeded operating cash flow by $769.3M. At September 30, 2026 it held $38M in cash against $960.2M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Sable Offshore Corp.
- Net worth
- Sable Offshore Corp. has a market value (market cap) of $153.3M at the latest share price, and shareholders' equity of $324.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $0, with a net loss of $410.2M. Over the 12 months to September 30, 2026: revenue $292.8M, net loss $592.7M.
- Cash flow
- In fiscal 2025 operations used $351.7M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Sable Offshore Corp.'s next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Sable Offshore Corp. does
Sable Offshore Corp. is registered with the SEC under industry code SIC 1311 (Crude Petroleum & Natural Gas). Its shares trade on NYSE under the ticker SOC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $0 | -$410.2M | -$4.18 | -$769.3M |
| 2023 | $0 | -$93.7M | n/a | -$70.1M |
| 2022 | n/a | -$2.6M | n/a | n/a |
| 2021 | n/a | $4.3M | n/a | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What Sable Offshore Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue was $154.4M; diluted EPS -$1.37 versus -$1.11.
- October 8, 2026Passive stake changed SCHEDULE 13G/A
- September 29, 2026
- September 8, 2026Passive stake changed SCHEDULE 13G/A
- August 24, 2026Other event 8-K
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 10, 2026
Insider trades
What the people running Sable Offshore Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 6, 2026 | Sarofim Christopher BinyonDirector | Received as pay | 25,000 | - |
| May 6, 2026 | Pipkin Gregory PhillipDirector | Received as pay | 50,000 | - |
| May 6, 2026 | Dillard Michael E.Director | Received as pay | 50,000 | - |
| April 29, 2026 | Flores James CChairman & CEO, Director, 10% owner | Exercised options | 175,000 | - |
| April 29, 2026 | Flores James CChairman & CEO, Director, 10% owner | Sold | 68,792 | $933.1K |
| April 29, 2026 | Patrinely Gregory D.EVP, CFO | Exercised options | 100,000 | - |
| April 29, 2026 | Patrinely Gregory D.EVP, CFO | Sold | 39,311 | $533.2K |
| April 29, 2026 | Duenner AnthonySee Remarks | Exercised options | 100,000 | - |
Who owns SOC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| James C. Flores13D, may seek influence | 20.5% | October 7, 2024 |
| Pilgrim Global Advisors LLC13G, passive with 1 related filers | 13.9% | November 14, 2024 |
| Darren Maupin13G, passive with 2 related filers | 12.9% | February 17, 2026 |
| Christopher B. Sarofim13D, may seek influence | 12.2% | October 11, 2024 |
| Continental General Insurance Co13G, passive with 3 related filers | 9.3% | May 14, 2026 |
| Encompass Capital Advisors LLC13G, passive with 3 related filers | 6.29% | October 8, 2026 |
| FourWorld Capital Management LLC13G, passive with 1 related filers | 5.8% | February 19, 2026 |
| Two Seas Capital LP13G, passive with 2 related filers | 5.4% | August 14, 2026 |
Largest institutional holders
Insiders
7 insiders reported holding 11,505,198 shares in total, about $9.2M at the last price.
| Holder | Shares |
|---|---|
| Flores James CChairman & CEO, Director, 10% owner | 8,173,661 |
| Sarofim Christopher BinyonDirector | 949,653 |
| Duenner AnthonySee Remarks | 590,864 |
| Patrinely Gregory D.EVP, CFO | 562,740 |
| Flores James CaldwellPresident, COO | 562,740 |
| Dillard Michael E.Director | 497,500 |
| Pipkin Gregory PhillipDirector | 168,040 |
Questions about SOC
What does Sable Offshore Corp. do?
Sable Offshore Corp. is a company in the Energy sector, listed on NYSE as SOC. Its shares trade on NYSE under the ticker SOC.
What is Sable Offshore Corp.'s net worth?
Sable Offshore Corp. has a market value (market cap) of $153.3M at the latest share price, and shareholders' equity of $324.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Sable Offshore Corp. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $592.7M on revenue of $292.8M.
How much revenue does Sable Offshore Corp. make?
Over the twelve months to September 30, 2026 Sable Offshore Corp. reported revenue of $292.8M.
When did Sable Offshore Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Sable Offshore Corp.'s next earnings report?
Sable Offshore Corp.'s next report is expected around February 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Sable Offshore Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.