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Other financials

Income statement

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Revenue$1.3M
Operating income-$118.8M-98.6%
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

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Market cap$1.22B+7.2%
Enterprise value$2.13B+15.1%
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×

Where this comes from

Reported directly by Sable Offshore Corp. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Sable Offshore Corp.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sable Offshore Corp.'s net income?
Sable Offshore Corp. (SOC) reported net income of -$197.03M in Q1 2026.
How has Sable Offshore Corp.'s net income changed year-over-year?
Sable Offshore Corp.'s net income decreased by 79.9% year-over-year, from -$109.54M to -$197.03M.
What is the long-term trend for Sable Offshore Corp.'s net income?
Over 3 years (2022 to 2025), Sable Offshore Corp.'s net income has grown at a 441.0% compound annual growth rate (CAGR), from -$2.59M to -$410.16M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.