Benzinga·6 days ago
Why Sable Offshore Shares Are Powering Higher Following Financing UpdateSable Offshore Corp (NYSE:SOC) shares are trading higher by over 40% on Wednesday as traders digest the company's common stock and financing update.
Sable Offshore Corp.(SOC)Earnings, Financials & Key Ratios
SOC•NYSE
$4.23
Price updated Jul 7, 2026
AboutSable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.Show more
- Revenue$0
- EBITDA-$395M-21.7%
- Net Income-$410M+34.8%
- EPS (Diluted)-4.18+40.6%
- ROE-89.31%+48.7%
SOC Price & Volume
Sable Offshore Corp. (SOC) stock price & volume — 10-year historical chart
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Persistent Regulatory Hurdles Threaten Operational Liquidity Viability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Regulatory-driven liquidity depletion
Key Thesis Takeaways
- Sable Offshore Corp.
- remains in a precarious transition phase, characterized by minimal revenue generation of $1.3 million in 2026Q1 and a deep net loss of $197.0 million.
- The company faces significant execution risk as it attempts to restart dormant offshore infrastructure under stringent California regulatory oversight.
- Investors should monitor the rapid depletion of cash reserves, which fell to $52.2 million, as the firm's ability to sustain operations without further capital infusion appears increasingly uncertain.
Verdict Logic
the company's liquidity buffer has plummeted to $52.2 million, creating an acute risk of insolvency given the ongoing operational burn rate and lack of consistent revenue.
SOC Growth Metrics
Sable Offshore Corp. (SOC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM8.98%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM47.12%
Return on Capital
10 Years-18.3%
5 Years-18.3%
3 Years-29.39%
Last Year-37.46%
SOC Recent Earnings
Sable Offshore Corp. (SOC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (10%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.37-114.1%
$0.64
Rev
$1M-92.1%
$16M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$0.39+33.9%
$0.59
Rev
—
$500,000
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$1.11-23.3%
$0.90
Rev
$1M-97.5%
$40M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$1.10-66.7%
$0.66
Rev
$2M-98.4%
$93M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.37vs $0.64-114.1% | $1Mvs $16M-92.1% |
| Q1 2026 | Feb 27, 2026 | $0.39vs $0.59+33.9% | —vs $500,000 |
| Q4 2025 | Nov 13, 2025 | $1.11vs $0.90-23.3% | $1Mvs $40M-97.5% |
| Q3 2025 | Aug 12, 2025 | $1.10vs $0.66-66.7% | $2Mvs $93M-98.4% |
Based on last 12 quarters of dataView full earnings history →
Latest SOC News
Recent stock market news and headlines for Sable Offshore Corp. (SOC)
Business Wire·Jul 1, 2026
Sable Offshore Corp. Prices Offerings of Common Stock and Convertible Senior NotesHOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Prices Offerings of Common Stock and Convertible Senior Notes.
Business Wire·Jun 30, 2026
Sable Offshore Corp. Announces Proposed Offerings of Common Stock and Convertible Senior NotesHOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. Announces Proposed Offerings of Common Stock and Convertible Senior Notes.
GuruFocus·Jun 26, 2026
Johnson & Johnson presents new IMAAVY® (nipocalimab-aahu) data at European Academy of Neurology (EAN) 2026 Congress reinforcing sustained disease control in generalized myasthenia gravisJohnson and Johnson presents new IMAAVYÂ (nipocalimab-aahu) data at European Academy of Neurology (EAN) 2026 Congress reinforcing sustained dise
GlobeNewsWire·Jun 24, 2026
Virginia Information Technologies Agency Selects CAI to Deliver Statewide Cybersecurity Services to Local GovernmentsALLENTOWN, Pa., June 24, 2026 (GLOBE NEWSWIRE) -- CAI, a global services firm, was awarded a statewide contract with the Virginia Information Technologies Agency (VITA) to provide Security Operations Center (SOC) services to local government entities across the Commonwealth.
Peers Comparison
Key metrics vs top competitors for Sable Offshore Corp. (SOC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.23 | $420.92M | -1.01 | — | — | -89.31% | — | |
| $27.38 | $2.34B | 3.24 | 49.76% | 13.56% | 9.55% | — | |
| $13.47 | $2.25B | -4.78 | -9.8% | -42.7% | -33.21% | — | |
| $17.92 | $693.32M | -3.78 | 26.15% | -69.28% | -74.84% | — | |
| $1.78 | $29.72M | -0.79 | -14.92% | -32.13% | -38.74% | — | |
| $51.07 | $4.53B | 12.31 | 21.88% | -13.09% | -13.78% | — |
Compare SOC vs Peers
Sable Offshore Corp. (SOC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SOC SEC Filings & Documents
Sable Offshore Corp. (SOC) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 20, 2026·SEC
Material company update
Mar 30, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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SOC Frequently Asked Questions
Sable Offshore Corp. (SOC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Sable Offshore Corp.'s revenue?
Sable Offshore Corp. (SOC) reported $1.3M in revenue for fiscal year 2025.
Is SOC profitable?
Sable Offshore Corp. (SOC) reported a net loss of $497.6M for fiscal year 2025.
Dividend & Returns
What is SOC's return on equity?
Sable Offshore Corp. (SOC) has a return on equity (ROE) of -89.3%. Negative ROE indicates the company is unprofitable.
What is Sable Offshore Corp.'s free cash flow?
Sable Offshore Corp. (SOC) had negative free cash flow of $631.9M in fiscal year 2025, likely due to heavy capital investments.