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Sable Offshore Corp.

SOC

Sable Offshore Corp. is an independent energy company focused on the acquisition, restoration, and operation of offshore oil and gas properties.

Market cap
$1.22B-44.4%
Revenue$1.3M
Net income-$497.6M+56.6%
Free cash flow-$761.4M-22.8%
EPS (diluted)-$4.27+75.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
Revenue estimate$221.4M
EPS estimate$0.33

Financials

Q1 2026

Income statement

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Revenue$1.3M
Operating income-$118.8M-98.6%
Net income-$197.0M-79.9%
EPS (diluted)-$1.37-5.4%

Balance sheet

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Cash & equivalents$52.2M-76.8%
Total debt$956.3M+11.9%
Total equity$421.9M+50.3%
Total assets$1.7B+10.7%

Cash flow

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Operating cash flow-$82.2M-71.5%
CapEx$21.1M-66.7%
Free cash flow-$103.3M+7.2%

Valuation & ratios

Valuation

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Market cap$1.22B-44.4%
Enterprise value$2.13B-24.9%
P/S963.1×

Profitability

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Operating margin-36,761.7%
Net margin-39,153.7%
FCF margin-59,902.5%

Returns & leverage

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Return on equity-141.7%
Debt / equity2.3×-0.8×
Current ratio0.1×-1.6×

Competitors

Profile

Sable Offshore Corp. is an independent energy company focused on the acquisition, restoration, and operation of offshore oil and gas properties. The company's primary value proposition centers on the redevelopment of the Santa Ynez Unit (SYU) assets, which include significant offshore production platforms and integrated onshore processing infrastructure in California. Its core strategy involves establishing reliable transportation pathways to return legacy production assets to full operational capacity.

Competitive position

Sable is a specialized operator focused on the revitalization of the Santa Ynez Unit, holding a 100% working interest in a significant legacy offshore asset previously operated by a major integrated oil company.

GeographiesUnited States, California
Customer segmentsRefinery markets, Energy wholesalers
Business modelCommodity Production, Infrastructure Operator
SuppliersOilfield service providers, Pipeline equipment manufacturers, Regulatory agencies (PHMSA, EPA, BSEE)
CustomersCalifornia refinery markets, Petrochemical processors
Listed2021
Employees106.0
CEOJames C. Flores
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Sable Offshore Corp.'s market cap?
Sable Offshore Corp. (SOC) has a market capitalization of $1.2B and trades on NYSE.
What is Sable Offshore Corp.'s revenue and profitability?
Sable Offshore Corp. generated $1.3M in trailing twelve-month revenue with a net loss of $497.6M, representing a net margin of -39153.7%, with free cash flow of -$761.4M. These figures are based on the Q1 2026 filing.
Who are Sable Offshore Corp.'s competitors?
Sable Offshore Corp.'s key competitors include Chevron Corporation, California Resources Corporation, Genesis Energy, L.P., and others. These companies compete in similar markets and product categories.
Who does Sable Offshore Corp. partner with?
Sable Offshore Corp.'s notable partners include Exxon Mobil Corporation, Plains All American Pipeline, L.P..
What subsidiaries does Sable Offshore Corp. have?
Sable Offshore Corp.'s subsidiaries include Pacific Pipeline Company, Pacific Offshore Pipeline Company.
Where is Sable Offshore Corp. headquartered?
Sable Offshore Corp. is headquartered in United States of America and employs approximately 106 people. It has been publicly traded since 2021.