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Other financials

Income statement

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Revenue$137.1M
Operating income-$66.9M+48.1%
Net income-$64.2M+49.9%
EPS (diluted)-$0.42+70.0%

Balance sheet

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Cash & equivalents$21.6M-92.4%
Total debt$1.2B+37.7%
Total equity$395.0M-11.4%
Total assets$1.8B-0.6%

Cash flow

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Operating cash flow-$82.2M-71.5%
Free cash flow-$22.1M+90.2%

Valuation

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Market cap$918.25M-69.3%
Enterprise value$2.1B-41.4%
P/S6.6×

Profitability

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Operating margin-292.8%
Net margin-313.4%
FCF margin-403.7%

Returns & leverage

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Return on equity-103.2%-43.8pp
Debt / equity3.1×+1.1×
Current ratio0.2×0.0×

Where this comes from

Reported directly by Sable Offshore Corp. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The source filing: Sable Offshore Corp.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 5:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001831481-26-000104
(dollars in thousands)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Accounts payable and accrued liabilities98,25322,435
Net cash used in operating activities(72,807)(142,948)
Cash flows from investing activities:
Payments for capital expenditures(52,559)(192,982)
Net cash used in investing activities(52,559)(192,982)
Cash flows from financing activities:
Offering proceeds94,964295,000
Payment of equity issuance costs(14,998)(12,067)

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Sable Offshore Corp.'s capex?
Sable Offshore Corp. (SOC) reported capex of $31.51M in Q2 2026.
How has Sable Offshore Corp.'s capex changed year-over-year?
Sable Offshore Corp.'s capex decreased by 75.7% year-over-year, from $129.68M to $31.51M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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