Sable Offshore Corp. (SOC) Financial Statements
Industry: Crude Petroleum & Natural Gas
In fiscal 2025, Sable Offshore reported revenue of $0. Net income was -$410.2M, or -$4.18 per diluted share. Operating activities generated -$351.7M of cash, leaving -$769.3M of free cash flow. At fiscal year end, Sable Offshore held $1.74B in total assets against $1.21B in total liabilities, including $97.7M of cash and equivalents.
Open the full interactive Sable Offshore financials → Quarterly statements, key ratios, valuation history and price charts.
Sable Offshore Key Stats
| Share Price | $3.62 |
|---|---|
| Market Cap | $555.6M |
| 52-Week Range | $3.08 – $18.61 |
| Shares Outstanding | 153.5 million (basic, 2026 Q2) |
Sable Offshore Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Cost of Goods Sold | $0 | $0 | $0 | — | — |
| Gross Profit | $0 | $0 | $0 | — | — |
| Operating Income | -$1.7M | -$6.2M | -$4.9M | -$338.4M | -$408.3M |
| Pre-Tax Income | $4.3M | -$1.8M | -$31.3M | -$629.1M | -$398.5M |
| Income Tax | $0 | $757,069 | $914,318 | -$48,000 | $11.7M |
| Net Income | $4.3M | -$2.6M | -$32.2M | -$629.1M | -$410.2M |
| Diluted EPS | $0.17 | -$0.07 | -$1.78 | — | -$4.18 |
Sable Offshore Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $1.3M | $137.1M |
| Net Income | -$110.4M | -$62.2M | -$197.0M | -$64.2M |
| Diluted EPS | -$1.11 | -$0.63 | -$1.37 | -$0.42 |
Sable Offshore Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $322,768 | $100,256 | $267,816 | $300.4M | $97.7M |
| Current Assets | $844,646 | $188,468 | $364,417 | $355.3M | $135.7M |
| Total Assets | $288.4M | $290.9M | $63.9M | $1.58B | $1.74B |
| Current Liabilities | $1.2M | $6.7M | $16.8M | $120.7M | $1.02B |
| Total Long-Term Debt | $365,000 | $365,000 | — | $833.5M | — |
| Total Liabilities | $13.9M | $18.9M | $56.0M | $1.20B | $1.21B |
| Shareholders' Equity | -$12.9M | -$18.3M | -$55.6M | $384.2M | $534.3M |
Sable Offshore Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$2.0M | -$1.7M | -$3.8M | -$185.4M | -$351.7M |
| Cash From Investing | -$287.5M | $786,918 | $231.6M | -$276.2M | -$417.6M |
| Cash From Financing | $289.8M | $705,000 | -$227.6M | $744.1M | $531.2M |
| Free Cash Flow | — | — | — | — | -$769.3M |
Figures from Sable Offshore's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sable Offshore financials page for every line item.
Sable Offshore Company Profile
| Ticker | SOC |
|---|---|
| Exchange | NYSE |
| Industry | Crude Petroleum & Natural Gas |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001831481 |
Frequently Asked Questions
What was Sable Offshore's revenue in fiscal 2025?
Sable Offshore (SOC) reported revenue of $0 for fiscal 2025.
What is Sable Offshore's annual revenue history?
Sable Offshore's annual revenue by fiscal year: 2021: $0; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was Sable Offshore's net income in fiscal 2025?
Sable Offshore reported net income of -$410.2M for fiscal 2025.
What was Sable Offshore's earnings per share (EPS) in fiscal 2025?
Sable Offshore's diluted EPS was -$4.18 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sable Offshore generate in fiscal 2025?
Sable Offshore generated -$769.3M of free cash flow in fiscal 2025.
What was Sable Offshore's revenue last quarter?
In its most recent reported quarter (2026 Q2), Sable Offshore reported revenue of $137.1M.
How many shares of Sable Offshore are outstanding?
Sable Offshore reported a weighted average of 153.5 million basic shares outstanding in 2026 Q2.
What is Sable Offshore's market cap?
Based on its latest closing price, Sable Offshore (SOC) has a market capitalization of about $555.6M.
When does Sable Offshore's fiscal year end?
Sable Offshore's fiscal year end, as registered with the SEC, is December 31.
Where is Sable Offshore headquartered?
Sable Offshore lists its business address in Houston, Texas in its SEC filings.