Free Trial
Memorial Day Savings! Save $100 on MarketBeat All Access
Claim Your Discount
Claim MarketBeat All Access Sale Promotion

Sable Offshore (SOC) Financials

Sable Offshore logo
$15.12 +0.07 (+0.47%)
As of 01:36 PM Eastern
This is a fair market value price provided by Massive. Learn more.
Compare
Annual Income Statements for Sable Offshore

Annual Income Statements for Sable Offshore

This table shows Sable Offshore's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 4.27 -2.59 -94 -410
Consolidated Net Income / (Loss)		 4.27 -2.59 -94 -410
Net Income / (Loss) Continuing Operations		 4.27 -2.59 -94 -410
Total Pre-Tax Income 		4.27 -1.83 -94 -398
Total Operating Income		 -1.68 -6.15 -94 -408
Total Gross Profit		 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00
Operating Revenue		 - - 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1.68 6.15 94 408
Selling, General & Admin Expense		 - - 13 176
Depreciation Expense		 - - 21 13
Other Operating Expenses / (Income)		 1.68 6.15 61 219
Total Other Income / (Expense), net		 5.96 4.32 0.80 9.79
Interest Expense		 - - 0.00 88
Other Income / (Expense), net		 5.94 0.33 0.80 98
Income Tax Expense		 0.00 0.76 0.00 12
Basic Earnings per Share		 $0.28 ($0.14) $0.00 ($4.18)
Weighted Average Basic Shares Outstanding		 31.61M 35.94M 0.00 98.18M
Diluted Earnings per Share		 $0.28 ($0.14) $0.00 ($4.18)
Weighted Average Diluted Shares Outstanding		 31.61M 35.94M 0.00 98.18M
Weighted Average Basic & Diluted Shares Outstanding		 7.19M 15.62M 60.17M 147.24M

Quarterly Income Statements for Sable Offshore

This table shows Sable Offshore's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -23 -22 -23 -25 -165 -256 -110 -128 -110 -62 -197
Consolidated Net Income / (Loss)		 -23 -22 -23 -25 -165 -256 -110 -128 -110 -62 -197
Net Income / (Loss) Continuing Operations		 -23 -22 -23 -25 -165 -256 -110 -128 -110 -62 -197
Total Pre-Tax Income 		-23 -22 -23 -25 -160 -255 -99 -120 -104 -76 -197
Total Operating Income		 -23 -22 -23 -26 -62 -55 -60 -129 -119 -100 -119
Total Gross Profit		 -15 0.00 0.00 15 0.00 0.00 -34 0.00 0.00 34 -67
Total Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 - 1.27
Operating Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 - 1.27
Total Cost of Revenue		 15 0.00 0.00 -15 0.00 0.00 34 0.00 0.00 -34 68
Operating Cost of Revenue		 15 - - - - - 34 - - - 68
Total Operating Expenses		 8.39 22 23 41 62 55 25 129 119 135 52
Selling, General & Admin Expense		 3.14 2.95 3.02 3.66 33 26 22 75 37 42 48
Depreciation Expense		 5.26 5.25 5.26 5.25 2.72 2.76 3.02 3.17 3.26 3.44 3.94
Total Other Income / (Expense), net		 0.01 0.01 -0.54 1.32 -98 -200 -39 8.65 16 24 -78
Interest Expense		 - 0.00 0.00 - 19 19 21 21 21 25 35
Other Income / (Expense), net		 0.01 0.01 -0.54 1.32 -79 -181 -18 30 37 50 -44
Income Tax Expense		 0.00 0.00 0.00 - 5.15 0.87 11 7.82 6.63 -14 0.00
Basic Earnings per Share		 $0.00 $0.00 $0.00 - ($2.75) ($4.11) ($1.30) ($1.40) ($1.11) ($0.37) ($1.37)
Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 60.17M 62.17M 84.44M 91.22M 99.49M 98.18M 143.67M
Diluted Earnings per Share		 $0.00 $0.00 $0.00 - ($2.75) ($4.11) ($1.30) ($1.40) ($1.11) ($0.37) ($1.37)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 60.17M 62.17M 84.44M 91.22M 99.49M 98.18M 143.67M
Weighted Average Basic & Diluted Shares Outstanding		 15.62M 15.62M - 60.17M 64.85M 89.10M 89.41M 99.51M 144.96M 147.24M 154.36M

Annual Cash Flow Statements for Sable Offshore

This table details how cash moves in and out of Sable Offshore's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2025
Net Change in Cash & Equivalents		 0.31 -0.22 0.00 -238
Net Cash From Operating Activities		 -2.01 -1.71 -70 -352
Net Cash From Continuing Operating Activities		 -2.01 -1.71 -70 -352
Net Income / (Loss) Continuing Operations		 4.27 -2.59 -94 -410
Consolidated Net Income / (Loss)		 4.27 -2.59 -94 -410
Depreciation Expense		 - - 21 13
Amortization Expense		 - - 0.00 2.16
Non-Cash Adjustments To Reconcile Net Income		 -5.96 -4.32 4.79 47
Changes in Operating Assets and Liabilities, net		 -0.33 5.19 -2.23 -3.34
Net Cash From Investing Activities		 -288 0.79 0.00 -418
Net Cash From Continuing Investing Activities		 -288 0.79 0.00 -418
Purchase of Property, Plant & Equipment		 - - 0.00 -418
Acquisitions		 - - 0.00 0.00
Net Cash From Financing Activities		 290 0.71 70 531
Net Cash From Continuing Financing Activities		 290 0.71 70 531
Repayment of Debt		 -0.08 - 0.00 0.00
Repurchase of Common Equity		 -0.80 0.00 0.00 -14
Issuance of Common Equity		 290 - 0.00 545
Other Financing Activities, net		 - - 70 0.00

Quarterly Cash Flow Statements for Sable Offshore

This table details how cash moves in and out of Sable Offshore's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.07 -0.04 0.00 - - - -111 58 -241 56 -46
Net Cash From Operating Activities		 -0.21 -0.88 -20 -17 -17 -15 -48 -95 -111 -98 -82
Net Cash From Continuing Operating Activities		 -0.21 -0.88 -20 -17 -17 -15 -48 -95 -111 -98 -82
Net Income / (Loss) Continuing Operations		 -0.19 -12 -23 -22 -23 -25 -110 -128 -110 -62 -197
Consolidated Net Income / (Loss)		 -0.19 -12 -23 -22 -23 -25 -110 -128 -110 -62 -197
Depreciation Expense		 - - 5.26 5.25 5.26 5.25 3.02 3.17 3.26 3.44 3.94
Amortization Expense		 - - 0.00 - - - 0.56 0.57 0.57 0.46 0.47
Non-Cash Adjustments To Reconcile Net Income		 -1.62 7.28 0.00 0.61 0.30 3.88 59 19 4.89 -26 91
Changes in Operating Assets and Liabilities, net		 1.60 3.49 -1.81 -1.00 0.09 0.49 -1.07 10 -8.97 -14 20
Net Cash From Investing Activities		 0.14 0.47 0.00 - - - -63 -130 -130 -95 -21
Net Cash From Continuing Investing Activities		 0.14 0.47 0.00 - - - -63 -130 -130 -95 -21
Purchase of Property, Plant & Equipment		 - - 0.00 - - - -63 -130 -130 -95 -21
Net Cash From Financing Activities		 - 0.37 20 17 17 15 -0.04 283 -0.41 249 58
Net Cash From Continuing Financing Activities		 - 0.37 20 17 17 15 -0.04 283 -0.41 249 58
Repayment of Debt		 - - 0.00 - - - 0.00 - - - -0.20
Repurchase of Common Equity		 - - 0.00 - - - -0.04 -12 -0.41 -1.29 -14
Issuance of Common Equity		 - - 0.00 - - - 0.00 295 - 250 72

Annual Balance Sheets for Sable Offshore

This table presents Sable Offshore's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.30 288 291 712 1,583 1,741
Total Current Assets		 0.30 0.84 0.19 16 355 136
Cash & Equivalents		 0.01 0.32 0.10 0.00 300 98
Accounts Receivable		 - - - - - 0.00
Inventories, net		 - - - 16 15 27
Prepaid Expenses		 0.00 0.52 0.09 0.00 4.17 11
Plant, Property, & Equipment, net		 0.00 0.00 0.00 689 1,194 1,561
Plant, Property & Equipment, gross		 - - - 4,382 1,194 1,567
Accumulated Depreciation		 - - - 3,693 0.00 5.98
Total Noncurrent Assets		 0.00 288 291 6.40 33 44
Other Noncurrent Operating Assets		 0.00 288 291 6.40 33 44
Total Liabilities & Shareholders' Equity		 0.30 288 291 712 1,583 1,741
Total Liabilities		 0.28 14 19 373 1,199 1,207
Total Current Liabilities		 0.28 1.23 6.74 18 121 1,023
Short-Term Debt		 0.04 0.96 1.78 - 0.00 922
Accounts Payable		 - - - 5.38 120 99
Other Current Liabilities		 - - - 13 0.92 2.49
Total Noncurrent Liabilities		 0.00 13 12 355 1,078 183
Asset Retirement Reserve & Litigation Obligation		 - - - 349 100 113
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 0.00 1.16 13
Other Noncurrent Operating Liabilities		 0.00 13 12 5.52 144 57
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.02 -13 -18 339 384 534
Total Preferred & Common Equity		 0.02 -13 -18 339 384 534
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 0.02 -13 -18 339 384 534
Common Stock		 0.03 0.00 0.00 0.00 1,082 1,643
Retained Earnings		 -0.00 -13 -18 0.00 -698 -1,108

Quarterly Balance Sheets for Sable Offshore

This table presents Sable Offshore's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 289 87 88 1,296 1,241 1,473 1,562 1,772 1,650 1,730
Total Current Assets		 0.38 0.44 0.24 229 167 344 245 308 78 85
Cash & Equivalents		 0.14 0.13 0.09 209 112 288 189 247 42 52
Accounts Receivable		 - - - - - - - - - 1.54
Inventories, net		 - - - 17 17 16 15 20 25 21
Prepaid Expenses		 0.24 0.20 0.14 3.40 3.35 4.83 5.49 4.98 11 11
Plant, Property, & Equipment, net		 0.00 0.00 0.00 1,061 1,068 1,111 1,283 1,427 1,533 1,602
Plant, Property & Equipment, gross		 - - - 1,061 1,068 1,111 1,283 1,429 1,538 1,611
Accumulated Depreciation		 - - - 0.00 0.00 0.00 0.00 1.81 5.44 9.93
Total Noncurrent Assets		 289 87 87 5.83 5.50 18 34 37 39 43
Other Noncurrent Operating Assets		 289 87 87 5.83 5.50 18 34 37 39 43
Total Liabilities & Shareholders' Equity		 289 87 88 1,296 1,241 1,473 1,562 1,772 1,650 1,730
Total Liabilities		 5.52 21 16 1,031 1,119 1,306 1,281 1,326 1,302 1,308
Total Current Liabilities		 2.88 11 11 82 61 98 147 1,062 1,062 1,078
Short-Term Debt		 1.26 2.28 2.19 - - - - 876 897 956
Accounts Payable		 - - - 0.00 58 96 146 186 164 117
Other Current Liabilities		 - - - 1.46 1.30 0.36 1.03 1.11 1.43 4.23
Total Noncurrent Liabilities		 2.64 11 5.88 949 1,058 1,207 1,135 264 240 230
Asset Retirement Reserve & Litigation Obligation		 - - - 91 94 97 103 106 109 116
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 15 20 21 12 20 26 13
Other Noncurrent Operating Liabilities		 2.64 11 5.88 72 153 275 165 139 105 101
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -4.58 -20 -15 265 122 167 281 446 348 422
Total Preferred & Common Equity		 -4.58 -20 -15 265 122 167 281 446 348 422
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -4.58 -20 -15 265 122 167 281 446 348 422
Common Stock		 0.00 0.00 0.00 526 549 850 1,089 1,382 1,394 1,727
Retained Earnings		 -4.58 -20 -15 -261 -427 -682 -808 -936 -1,046 -1,305

Annual Metrics And Ratios for Sable Offshore

This table displays calculated financial ratios and metrics derived from Sable Offshore's official financial filings.

Metric 2021 2022 2023 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2025
DEI Shares Outstanding		 - - - 144,961,796.00
DEI Adjusted Shares Outstanding		 - - - 144,961,796.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - -2.83
Growth Metrics		 - - - -
Profitability Metrics		 - - - -
Net Operating Profit after Tax (NOPAT)		 -1.68 -4.31 -66 -286
Return On Investment Capital (ROIC_SIMPLE)		 - - -19.51% -19.63%
Earnings before Interest and Taxes (EBIT)		 4.26 -5.82 -94 -310
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.26 -5.82 -73 -295
Valuation Ratios		 - - - -
Leverage & Solvency		 - - - -
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -2.81 -131 0.00
Efficiency Ratios		 - - - -
Capital & Investment Metrics		 - - - -
Invested Capital		 275 274 339 1,358
Increase / (Decrease) in Invested Capital		 0.00 -1.49 65 0.00
Book Value per Share		 ($0.36) ($0.51) $21.70 $3.69
Tangible Book Value per Share		 ($0.36) ($0.51) $21.70 $3.69
Total Capital		 276 274 339 1,456
Total Debt		 0.96 1.78 0.00 922
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 0.63 1.68 0.00 824
Capital Expenditures (CapEx)		 0.00 0.00 0.00 418
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.25 -4.87 -1.69 -64
Debt-free Net Working Capital (DFNWC)		 0.57 -4.77 -1.69 34
Net Working Capital (NWC)		 -0.39 -6.55 -1.69 -888
Net Nonoperating Expense (NNE)		 -5.96 -1.71 28 124
Net Nonoperating Obligations (NNO)		 0.63 1.68 0.00 824
Total Depreciation and Amortization (D&A)		 0.00 0.00 21 15
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.28 ($0.14) ($3.56) ($4.18)
Adjusted Weighted Average Basic Shares Outstanding		 35.94M 35.94M 18.06M 98.18M
Adjusted Diluted Earnings per Share		 $0.28 ($0.14) ($3.56) ($4.18)
Adjusted Weighted Average Diluted Shares Outstanding		 35.94M 35.94M 18.06M 98.18M
Adjusted Basic & Diluted Earnings per Share		 $0.28 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 31.61M 15.62M 60.17M 147.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.18 -4.31 -66 -286
Debt Service Ratios		 - - - -
Payout Ratios		 - - - -

Quarterly Metrics And Ratios for Sable Offshore

This table displays calculated financial ratios and metrics derived from Sable Offshore's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 144,961,796.00 147,244,086.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 144,961,796.00 147,244,086.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.43 -1.34
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
EBITDA Growth		 -379.83% -790.25% -1,862.96% -43.97% -711.47% -1,206.66% 0.00% 31.00% 66.10% - -113.25%
EBIT Growth		 -461.86% -1,002.91% -2,441.99% -82.07% -532.56% -920.96% 0.00% 29.68% 64.87% - -109.09%
NOPAT Growth		 -3,723.76% -4,999.11% -2,272.39% -538.88% -178.89% -142.33% 0.00% -107.10% -118.61% - -98.60%
Net Income Growth		 -461.16% -889.68% -11,931.29% -115.54% -641.60% -1,007.80% 0.00% 22.59% 56.81% - -79.86%
EPS Growth		 -100.00% -100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 49.09% 72.99% - -5.38%
Operating Cash Flow Growth		 -6,276.64% -5,376.33% -8,224.85% -1,665.42% 0.00% 0.00% 0.00% 0.00% 0.00% - -71.53%
Free Cash Flow Firm Growth		 1,632.32% 1,047.96% 2,938.61% -5,871.26% -475.20% -358.97% 0.00% 50.60% 9.83% - 0.00%
Invested Capital Growth		 -75.86% -74.30% 0.00% 23.87% 944.95% 0.00% 0.00% 35.69% 82.71% - 45.59%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
EBITDA Q/Q Growth		 -29.98% 4.88% -4.46% -11.47% 0.00% -68.21% 0.00% -28.93% 17.37% - -238.03%
EBIT Q/Q Growth		 -68.08% 3.77% -3.42% -8.85% 0.00% -66.91% 0.00% -27.79% 16.62% - -220.72%
NOPAT Q/Q Growth		 -460.39% 3.76% -0.99% -17.31% 0.00% 12.25% 0.00% -115.55% 7.37% - -18.50%
Net Income Q/Q Growth		 -99.15% 3.82% -3.42% -8.81% 0.00% -54.48% 0.00% -16.91% 13.81% - -216.89%
EPS Q/Q Growth		 100.00% 0.00% 0.00% 0.00% 0.00% -49.45% 0.00% -7.69% 20.71% - -270.27%
Operating Cash Flow Q/Q Growth		 -2,151.91% 11.67% 0.09% 11.17% 0.00% 0.00% 0.00% -98.21% -16.43% - 16.21%
Free Cash Flow Firm Q/Q Growth		 14,179.53% -0.81% 37.21% -131.16% 0.00% 5.29% 0.00% 0.00% -72.87% - 0.00%
Invested Capital Q/Q Growth		 -75.14% 7.61% -100.00% 0.00% 0.00% -13.96% 0.00% 14.02% 15.85% - -2.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -5,252.71%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -12,427.07%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -9,343.35%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -12,774.04%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -15,501.65%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 103.21% 100.34% 111.03% 106.51% 106.39% - 100.00%
Interest Burden Percent		 100.04% 100.00% 100.00% 99.96% 113.59% 108.14% 127.06% 121.17% 125.39% - 121.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -7.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -22.28%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -48.65%
Return on Equity (ROE)		 -18.57% -32.30% 0.00% -30.66% 0.00% 0.00% 0.00% 0.00% 0.00% - -56.09%
Cash Return on Invested Capital (CROIC)		 110.66% 98.30% 0.00% -42.91% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -9.86%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -11.97%
Return on Common Equity (ROCE)		 1.42% 1.75% 0.00% -16.09% 0.00% 0.00% 0.00% 0.00% 0.00% - -56.09%
Return on Equity Simple (ROE_SIMPLE)		 160.30% 370.12% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -16 -16 -16 -19 -44 -38 -42 -90 -84 -70 -83
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -6,540.35%
Net Nonoperating Expense Percent (NNEP)		 457.76% 425.06% 0.00% 785.58% 37.77% 88.54% 10.74% 6.12% 3.98% - 14.85%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -5.46% - - -3.69% -6.83% -6.71% -4.82% -6.03%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 5,352.71%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 3,780.49%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 4,090.64%
Earnings before Interest and Taxes (EBIT)		 -23 -22 -23 -25 -141 -236 -78 -99 -83 -51 -162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -18 -17 -18 -20 -138 -233 -74 -95 -79 -47 -158
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 7.43 9.15 8.08 4.41 4.99 - 5.77
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 7.43 9.15 8.08 4.41 4.99 - 5.77
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1,913.83
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 2.03 3.07 3.18 2.46 2.15 - 2.52
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 2,625.14
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.03 0.03 0.00 0.00 6.48 4.86 3.04 1.96 2.58 - 2.27
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 6.48 4.86 3.04 0.00 0.00 - 0.00
Financial Leverage		 0.01 0.01 0.00 0.00 3.34 2.93 2.24 2.18 2.61 - 2.18
Leverage Ratio		 1.08 1.06 0.00 1.64 6.88 8.79 5.24 5.31 6.06 - 4.69
Compound Leverage Factor		 1.08 1.06 0.00 1.64 7.81 9.51 6.66 6.43 7.59 - 5.69
Debt to Total Capital		 3.34% 2.99% 0.00% 0.00% 86.62% 82.94% 75.27% 66.27% 72.03% - 69.39%
Short-Term Debt to Total Capital		 3.34% 2.99% 0.00% 0.00% 0.00% 0.00% 0.00% 66.27% 72.03% - 69.39%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 86.62% 82.94% 75.27% 0.00% 0.00% - 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 126.13% 118.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 -29.47% -21.13% 0.00% 100.00% 13.38% 17.06% 24.73% 33.73% 27.97% - 30.61%
Debt to EBITDA		 -0.06 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -2.52
Net Debt to EBITDA		 -0.06 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -2.39
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Debt to NOPAT		 -0.11 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -2.92
Net Debt to NOPAT		 -0.11 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -2.76
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -0.94
Noncontrolling Interest Sharing Ratio		 107.65% 105.41% 0.00% 47.52% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.04 0.02 0.00 0.91 2.73 3.50 1.67 0.29 0.07 - 0.08
Quick Ratio		 0.01 0.01 0.00 0.00 1.83 2.93 1.29 0.23 0.04 - 0.05
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 198 196 269 -84 -736 -697 0.00 -363 -628 0.00 -498
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -75.72% -73.27% -85.02% - -390.61%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -38.36 -36.34 0.00 -17.30 -29.90 - -14.37
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -2.28 -4.52 -5.27 - -2.37
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -5.29 -10.70 -11.46 - -2.98
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1.88
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.26
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 194.45
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1,430.15
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -1,235.70
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 68 73 0.00 339 765 658 911 1,038 1,203 1,358 1,326
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Increase / (Decrease) in Invested Capital		 -214 -212 -285 65 692 658 0.00 273 545 0.00 415
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 1,550 2,023 2,898 2,558 2,592 - 3,337
Market Capitalization		 0.00 0.00 0.00 0.00 907 1,532 2,268 1,965 1,737 - 2,432
Book Value per Share		 ($0.56) ($0.99) $0.00 $21.70 $2.03 $2.58 $3.14 $4.98 $3.50 $3.69 $2.87
Tangible Book Value per Share		 ($0.56) ($0.99) $0.00 $21.70 $2.03 $2.58 $3.14 $4.98 $3.50 $3.69 $2.87
Total Capital		 68 73 0.00 339 912 982 1,135 1,321 1,245 1,456 1,378
Total Debt		 2.28 2.19 0.00 0.00 790 814 855 876 897 922 956
Total Long-Term Debt		 0.00 0.00 0.00 0.00 790 814 855 0.00 0.00 0.00 0.00
Net Debt		 2.14 2.10 0.00 0.00 643 491 630 593 855 824 904
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 63 130 130 95 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8.01 -8.17 0.00 -1.69 -41 -78 -126 -161 -129 -64 -89
Debt-free Net Working Capital (DFNWC)		 -7.88 -8.08 0.00 -1.69 106 246 98 121 -87 34 -37
Net Working Capital (NWC)		 -10 -10 0.00 -1.69 106 246 98 -754 -984 -888 -993
Net Nonoperating Expense (NNE)		 6.96 6.69 7.30 6.60 122 217 68 38 27 -7.98 114
Net Nonoperating Obligations (NNO)		 2.14 2.10 0.00 0.00 643 491 630 593 855 824 904
Total Depreciation and Amortization (D&A)		 5.26 5.25 5.26 5.25 2.72 2.76 3.58 3.74 3.83 3.90 4.41
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -6,979.78%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -2,875.30%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -78,111.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.14 $0.64 $0.00 $0.00 ($2.75) ($4.11) ($1.30) ($1.40) ($1.11) ($0.37) ($1.37)
Adjusted Weighted Average Basic Shares Outstanding		 28.71M 15.62M 0.00 0.00 60.17M 62.17M 84.44M 91.22M 99.49M 98.18M 143.67M
Adjusted Diluted Earnings per Share		 $0.14 $0.64 $0.00 $0.00 ($2.75) ($4.11) ($1.30) ($1.40) ($1.11) ($0.37) ($1.37)
Adjusted Weighted Average Diluted Shares Outstanding		 28.71M 15.62M 0.00 0.00 60.17M 62.17M 84.44M 91.22M 99.49M 98.18M 143.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.62M 15.62M 0.00 60.17M 64.85M 89.10M 89.41M 99.51M 144.96M 147.24M 154.36M
Normalized Net Operating Profit after Tax (NOPAT)		 -16 -16 -16 -19 -44 -38 -42 -90 -84 -70 -83
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -6,540.35%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -15,501.65%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 -7.36 -12.29 -3.70 -4.72 -3.94 - -4.68
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 -2.27 -1.99 -1.99 -4.29 -3.98 - -2.40
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -6.71 -10.90 -10.13 - -5.29
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -5.01 -10.47 -10.17 - -3.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - -5.66%

Financials Breakdown Chart

Key Financial Trends

This snapshot reviews Sable Offshore Corp. (NYSE: SOC) quarterly results from 2022 through 2025, focusing on profitability, cash flow, and leverage trends. Data are drawn from the company’s income statements, cash flow statements, and balance sheets in the provided quarters.

  • Two large equity financings in 2025 raised about $545 million (Q2: $295 million; Q4: $250 million), boosting liquidity.
  • Q4 2025 financing activity added about $248.7 million of net cash from financing activities, supporting the cash balance.
  • Long-term debt remained zero through the 2025 quarters, reducing near-term interest burden.
  • Total assets stayed sizable, generally in the $1.56–$1.78 billion range across 2025 (e.g., about $1.56B in Q1, $1.77B in Q2, $1.65B in Q3).
  • Cash on hand has been volatile, with roughly $189M in Q1 2025, about $247M in Q2 2025, and around $41.6M in Q3 2025.
  • Several quarters show zero or unrevealed operating revenue in the reported data, signaling data quirks or a non-core revenue base in the period.
  • Net income is consistently negative, with recent quarters showing large losses (Q4 2025: -$62.2M; Q3 2025: -$110.4M; Q2 2025: -$128.1M; Q1 2025: -$109.5M).
  • Operating cash flow has been negative in most quarters, e.g., Q4 2025: -$98.1M; Q3 2025: -$110.6M; Q2 2025: -$95.3M; Q1 2025: -$47.9M.
  • Short-term debt ran high in mid-2025 (Q2 around $875.6M; Q3 around $896.6M), indicating liquidity pressures.

Note: All figures are in USD and reflect the quarterly data provided for SOC, covering 2022–2025 periods. If you’d like, I can expand this into a narrative discussion of year-over-year changes or extract a concise 1-page investor brief with charts.

05/21/26 11:49 AM ETAI Generated. May Contain Errors.

Sable Offshore Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sable Offshore's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Sable Offshore's net income appears to be on an upward trend, with a most recent value of -$410.16 million in 2025, falling from $4.27 million in 2021. The previous period was -$93.67 million in 2023. View Sable Offshore's forecast to see where analysts expect Sable Offshore to go next.

Sable Offshore's total operating income in 2025 was -$408.28 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $408.28 million

Over the last 3 years, Sable Offshore's total revenue changed from $0.00 in 2021 to $0.00 in 2025, a change of 0.0%.

Sable Offshore's total liabilities were at $1.21 billion at the end of 2025, a 0.6% increase from 2024, and a 429,449.6% increase since 2020.

In the past 5 years, Sable Offshore's cash and equivalents has ranged from $0.00 in 2023 to $300.38 million in 2024, and is currently $97.68 million as of their latest financial filing in 2025.

Over the last 3 years, Sable Offshore's book value per share changed from -0.36 in 2021 to 3.69 in 2025, a change of -1,123.5%.


Related Companies

Financial statements for NYSE:SOC last updated on 5/11/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
$30 stock to buy before Starlink goes public (WATCH NOW!)
In the next 3 minutes… James Altucher – legendary investor and venture capitalist… And someone who’s kno...
Paradigm Press | Sponsoredtc pixel
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
Why this tiny stock may move before the SpaceX IPO drops
The projected SpaceX and xAI S-1 filing hits the SEC on June 1st - and analyst Dylan Jovine says $1.75 trillio...
Behind the Markets | Sponsoredtc pixel
Your book attached
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel