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Sable Offshore Corp. SOC Q1 2026 earnings

Reported May 6, 2026 · Before market open

Revenue$1.3MMiss by $14.8MDiluted EPS-$1.37Miss by $0.73
Revenue estimate$16.1M
EPS estimate-$0.64

Next report

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

Financials

Q1 2026

Income statement

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

Balance sheet

See full
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

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

Valuation & ratios

Valuation

as of 06/25/26
See full
Market cap$1.22B+7.2%
Enterprise value$2.13B+15.1%
P/S963.1×—

Profitability

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

Returns & leverage

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

Versus estimates

Revenue

Q1 2026$1.3MMiss by $14.8M
Q3 2025$1.0MMiss by $38.5MQ2 2025$1.5MMiss by $91.5MQ4 2024$19.0MMiss by $30.0M

Diluted EPS

Q1 2026-$1.37Miss by $0.73
Q4 2025-$0.39Beat by $0.20Q3 2025-$1.11Miss by $0.21Q2 2025-$1.10Miss by $0.44Q1 2025-$1.05Miss by $0.66Q4 2024-$0.54Miss by $0.32

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Questions, answered.

When did Sable Offshore Corp. report Q1 2026 earnings?
Sable Offshore Corp. (SOC) reported Q1 2026 earnings on May 6, 2026 before market open.
What were Sable Offshore Corp.'s Q1 2026 revenue and EPS?
Sable Offshore Corp. reported revenue of $1.3M and diluted EPS of $-1.37 for Q1 2026.
Did Sable Offshore Corp. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $16.1M by $14.8M. EPS missed the consensus estimate of $-0.64 by $0.73.
How did Sable Offshore Corp.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, diluted EPS declined 30.5% from $-1.05.
Where can I find Sable Offshore Corp.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001831481-26-000050) and the 10-Q periodic report (0001831481-26-000049) directly on SEC EDGAR. The filing index links above go to sec.gov.