What is Sable Offshore Corp.'s non-cash lease expense?

Sable Offshore Corp. (SOC) reported non-cash lease expense of $369K in Q1 2026.

How has Sable Offshore Corp.'s non-cash lease expense changed year-over-year?

Sable Offshore Corp.'s non-cash lease expense decreased by 9.1% year-over-year, from $406K to $369K.

What does non-cash lease expense mean?

Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.

Sable Offshore Corp. SOC Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

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$4.23M+24.1%

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$44K-58.5%

Other financials

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

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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

See full

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:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?: Sable Offshore Corp. (SOC) reported non-cash lease expense of $369K in Q1 2026.
How has Sable Offshore Corp.'s non-cash lease expense changed year-over-year?: Sable Offshore Corp.'s non-cash lease expense decreased by 9.1% year-over-year, from $406K to $369K.
What does non-cash lease expense mean?: Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.