Sable Offshore Corp. (SOC)
NYSE · Crude Petroleum & Natural Gas · Mining · CIK 1831481 · fiscal year ends in Dec
Closing price $2.88 on 29 Oct 2026; 52-week range $2.88 to $18.45.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $138.4M
- Net income, last twelve months
- -$433.8M
- Operating margin
- -292.8%
- Net margin
- -313.4%
- Free cash flow
- -$558.8M
- Return on equity
- -109.8%
- Market value
- $444.3M
- Cash
- $21.6M
- Debt
- $968.8M
- Debt to equity
- 2.45
- Shares outstanding
- 154.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $0 | -$408.3M | -$410.2M | -$4.18 | -$769.3M | 10-K filed 27 Feb 2026 |
| FY2024 | 31 Dec 2024 | $0 | -$338.4M | -$629.1M | – | -$257.7M | 10-K filed 17 Mar 2025 |
| FY2023 | 31 Dec 2023 | $0 | -$94.5M | -$93.7M | – | -$70.1M | 10-K filed 17 Mar 2025 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $137.1M | -$64.2M | -$0.42 |
| Q1 FY2026 | 31 Mar 2026 | $1.3M | -$197.0M | -$1.37 |
| Q4 FY2025 | 31 Dec 2025 | $0 | -$62.2M | -$0.37 |
| Q3 FY2025 | 30 Sep 2025 | $0 | -$110.4M | -$1.11 |
| Q2 FY2025 | 30 Jun 2025 | $0 | -$128.1M | -$1.40 |
| Q1 FY2025 | 31 Mar 2025 | $0 | -$109.5M | -$1.30 |
| Q4 FY2024 | 31 Dec 2024 | $0 | -$16.2M | – |
| Q3 FY2024 | 30 Sep 2024 | $0 | -$255.6M | -$4.11 |
Company events
The newest 8-K filings of 85 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 24 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 10 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 13 Jul 2026 | 8-K | Auditor change | 4.01, 9.01 |
| 2 Jul 2026 | 8-K | Material agreement, New debt, Investor update | 1.01, 2.03, 7.01, 9.01 |
| 22 Jun 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 16 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 10 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 1 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 6 May 2026 | 8-K | Results | 2.02, 9.01 |
| 20 Apr 2026 | 8-K | Investor update | 7.01, 9.01 |
| 30 Mar 2026 | 8-K | Investor update | 7.01, 9.01 |
Every filing
The newest filings with the SEC of 200 held.
| Filed | Form | Period |
|---|---|---|
| 29 Sep 2026 | 8-K | 28 Sep 2026 |
| 24 Aug 2026 | 8-K | 19 Aug 2026 |
| 10 Aug 2026 | 8-K | 10 Aug 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 13 Jul 2026 | 8-K | 10 Jul 2026 |
| 2 Jul 2026 | 8-K | 30 Jun 2026 |
| 2 Jul 2026 | 305B2 | – |
| 22 Jun 2026 | 8-K | 22 Jun 2026 |
| 16 Jun 2026 | 8-K | 16 Jun 2026 |
| 10 Jun 2026 | 8-K | 10 Jun 2026 |
| 1 Jun 2026 | 8-K | 29 May 2026 |
| 6 May 2026 | 8-K | 6 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 29 Apr 2026 | Flores James Caldwell, President, COO | Sale outside a trading plan | 39,311 | $13.56 | $533.2K | 562,740 | 30 Apr 2026 |
| 29 Apr 2026 | Patrinely Gregory D., EVP, CFO | Sale outside a trading plan | 39,311 | $13.56 | $533.2K | 562,740 | 30 Apr 2026 |
| 29 Apr 2026 | Duenner Anthony, See Remarks | Sale outside a trading plan | 39,312 | $13.56 | $533.2K | 590,864 | 30 Apr 2026 |
| 29 Apr 2026 | Flores James C, Chairman & CEO | Sale outside a trading plan | 68,792 | $13.56 | $933.1K | 8,173,661 | 30 Apr 2026 |
| 28 Apr 2026 | Flores James Caldwell, President, COO | Sale outside a trading plan | 40,743 | $13.33 | $543.1K | 502,051 | 30 Apr 2026 |
| 28 Apr 2026 | Patrinely Gregory D., EVP, CFO | Sale outside a trading plan | 40,743 | $13.33 | $543.1K | 502,051 | 30 Apr 2026 |
| 28 Apr 2026 | Duenner Anthony, See Remarks | Sale outside a trading plan | 40,743 | $13.33 | $543.1K | 530,176 | 30 Apr 2026 |
| 28 Apr 2026 | Flores James C, Chairman & CEO | Sale outside a trading plan | 71,297 | $13.33 | $950.3K | 8,067,453 | 30 Apr 2026 |
| 31 Mar 2026 | Flores James Caldwell, President, COO | Sale outside a trading plan | 279,081 | $16.69 | $4.7M | 442,794 | 2 Apr 2026 |
| 31 Mar 2026 | Patrinely Gregory D., EVP, CFO | Sale outside a trading plan | 279,081 | $16.69 | $4.7M | 442,794 | 2 Apr 2026 |
| 31 Mar 2026 | Duenner Anthony, See Remarks | Sale outside a trading plan | 279,081 | $16.69 | $4.7M | 470,919 | 2 Apr 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 19 Oct 2026 | BANK OF NOVA SCOTIA | 13G | 5.49% | 11.0M |
| 8 Oct 2026 | Encompass Capital Advisors LLC | 13G amended | 6.29% | 12.1M |
| 8 Sep 2026 | Morgan Stanley | 13G amended | 1.1% | 2.1M |
| 14 Aug 2026 | Two Seas Capital LP | 13G | 5.4% | 8.4M |
| 13 Aug 2026 | Morgan Stanley | 13G | 7.9% | 12.2M |
| 12 Aug 2026 | Capital International Investors | 13G amended | 4% | 6.1M |
| 7 Aug 2026 | STATE STREET CORPORATION | 13G | 5.1% | 7.8M |
| 15 May 2026 | Alyeska Investment Group, L.P. | 13G amended | 1.83% | 2.7M |
| 14 May 2026 | Capital International Investors | 13G amended | 5.1% | 7.6M |
| 14 May 2026 | CONTINENTAL GENERAL INSURANCE CO | 13G amended | 9.3% | 13.7M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 54.4M | +0.39% | 8.16 |
| 30 Sep 2026 | 54.2M | +16.16% | 6 |
| 15 Sep 2026 | 46.6M | +2.6% | 6.64 |
| 31 Aug 2026 | 45.5M | -1.62% | 4.25 |
| 14 Aug 2026 | 46.2M | +7.46% | 5.73 |
| 31 Jul 2026 | 43.0M | -4.6% | 5.43 |
| 15 Jul 2026 | 45.1M | +54.1% | 2.04 |
| 30 Jun 2026 | 29.3M | +12.21% | 2.08 |
Funds that hold it
From each fund's latest Form 13F.
288 funds held it at 30 Jun 2026: 162 added and 40 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Pilgrim Global Advisors LLC | 18,206,121 | $56.1M | 0 |
| Encompass Capital Advisors LLC | 14,448,741 | $44.5M | +1,000,000 |
| Continental General Insurance Co. | 14,139,408 | $43.5M | +434,298 |
| BlackRock, Inc. | 10,667,229 | $32.9M | +1,308,276 |
| Morgan Stanley | 8,414,504 | $25.9M | +1,140,502 |
| Two Seas Capital LP | 8,377,636 | $25.8M | +2,880,925 |
| State Street Corp. | 7,822,902 | $24.1M | +3,211,740 |
| FourWorld Capital Management LLC | 6,823,709 | $21.0M | -389,024 |
| Capital International Investors | 6,111,898 | $18.8M | -1,456,928 |
| Vanguard Capital Management LLC | 5,810,187 | $17.9M | +339,516 |
Peers
Companies in the same industry.
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- TotalEnergies SE (TTE): revenue $201.2B, market value $207.5B
- Petróleo Brasileiro S.A. (Petrobras) (PBR): revenue $89.2B, market value $141.1B
- Canadian Natural Resources Limited (CNQ): revenue $27.8B, market value $114.7B
- Eni S.p.A. (E): revenue $92.9B, market value $88.9B
- EOG Resources Inc. (EOG): revenue $27.0B, market value $85.1B
- Occidental Petroleum Corp. (OXY): revenue –, market value $63.0B
- Diamondback Energy, Inc. (FANG): revenue $17.1B, market value $57.9B
- Devon Energy Corp. (DVN): revenue $19.7B, market value $56.3B
- Woodside Energy Group Ltd. (WDS): revenue $13.0B, market value $44.1B