Sable Offshore Corp. Financial Summary

Complete Filing Data

Sable Offshore Corp. reported Net Income Loss of -$410.16 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Sable Offshore Corp. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Revenue *$0.00$0.00$0.00
Net Income Loss-$410.2M-$617.3M-$93.7M-$2.6M$4.3M
Operating Income Loss-$408.3M-$326.8M-$94.5M-$6.2M-$1.7M
Nonoperating Income Expense$9.8M-$290.6M$801.0K$4.3M$6.0M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$398.5M-$617.3M-$93.7M-$1.8M$4.3M
Income Tax Expense Benefit$11.7M-$48.0K$0.00$757.1K$0.00
Other Nonoperating Income Expense$8.8M$4.2M$801.0K
Operating Expenses$408.3M$326.8M$94.5M
General And Administrative Expense$176.2M$229.1M$12.8M
Interest Expense Nonoperating$88.2M$67.3M$0.00
Sales And Excise Tax Payable Current$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020
Revenue *$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Net Income Loss-$110.4M-$128.1M-$109.5M-$255.6M-$165.4M-$180.1M-$23.1M-$22.3M-$23.2M-$191.8K$2.8M$6.4M$10.1M-$5.3M$92.7K-$1.7K
Operating Income Loss-$119.4M-$128.9M-$59.8M-$54.6M-$62.2M-$159.1M-$22.5M-$22.3M-$1.1M-$1.3M-$306.3K-$424.5K-$306.7K-$424.6K-$105.2K-$1.7K
Nonoperating Income Expense$15.6M$8.6M-$38.9M-$200.1M-$98.1M-$7.5M-$535.0K$7.0K$3.7M$1.6M$3.1M$6.8M$10.4M-$4.9M$198.0K$0.00
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$103.7M-$120.2M-$98.7M-$254.7M-$160.3M-$166.7M-$23.1M-$22.3M$2.5M$338.4K$2.8M$6.4M$10.1M
Income Tax Expense Benefit$6.6M$7.8M$10.9M$865.0K$5.1M$13.4M$0.00$0.00$473.5K$530.2K$0.00$0.00
Other Nonoperating Income Expense$1.8M$2.5M$3.4M-$2.7M$2.3M$499.0K-$535.0K$7.0K
Operating Expenses$119.4M$128.9M$59.8M$54.6M$62.2M$159.1M$22.5M$22.3M
General And Administrative Expense$36.7M$75.3M$22.3M$26.2M$33.2M$150.4M$3.0M$2.9M
Interest Expense Nonoperating$21.0M$21.0M$21.0M$19.2M$19.2M$9.8M$0.00$0.00
Sales And Excise Tax Payable Current$2.3M$2.3M$2.3M$0.00$2.3M$2.1M$2.1M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Stockholders Equity$534.3M$384.2M$339.0M-$18.3M-$12.9M$23.3K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$97.7M$335.8M$0.00$0.00$322.8K$9.0K
Retained Earnings Accumulated Deficit-$1.11B-$698.3M$0.00-$18.3M-$12.9M-$1.7K
Liabilities Current$1.02B$120.7M$17.9M$6.7M$1.2M$280.9K
Liabilities And Stockholders Equity$1.74B$1.58B$711.6M$290.9M$288.4M$304.2K
Liabilities$1.21B$1.20B$372.6M$18.9M$13.9M$280.9K
Assets Current$135.7M$355.3M$16.2M$188.5K$844.6K$304.2K
Assets$1.74B$1.58B$711.6M$290.9M$288.4M$304.2K
Temporary Equity Accretion To Redemption Value$3.3M$2.8M$18.5M
Cash And Cash Equivalents At Carrying Value$97.7M$300.4M$0.00$0.00
Cash$97.7M$300.4M$0.00$0.00
Accrued Liabilities Current$7.0M$4.6M$275.5K$237.3K
Warrant Liability$39.2M$12.1M$12.6M
Temporary Equity Carrying Amount Attributable To Parent$63.5M$290.3M$287.5M
Repayments Of Long Term Debt$0.00$18.8M$0.00
Assets Held In Trust Noncurrent$63.6M$290.7M$287.5M
Restricted Cash Current$0.00$35.4M$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$167.6K-$222.5K$313.8K
Interest Earned On Marketable Securities Held In Trust Account-$4.4M-$4.0M-$16.2K
Common Stock Value$15.0K$8.0K$0.00
Preferred Stock Value$0.00$0.00$0.00
Other Liabilities Noncurrent$19.3M$17.0M$5.5M
Other Assets Noncurrent$44.1M$33.5M$6.4M
Long Term Debt$0.00$833.5M$0.00
Inventory Raw Materials And Supplies$14.7M$15.3M$16.2M
Equity Contributions From Parent$22.5M$70.1M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020
Stockholders Equity$348.1M$445.6M$280.7M$167.5M$122.0M$264.6M-$26.4M-$15.5M-$20.1M-$4.6M-$3.7M-$6.5M-$12.4M-$22.5M-$17.3M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$41.6M$282.8M$224.5M$323.5M$147.2M$209.1M$0.00$0.00$133.7K$140.2K$212.0K$367.0K$295.2K$85.7K
Retained Earnings Accumulated Deficit-$1.05B-$935.9M-$807.8M-$682.1M-$426.6M-$261.1M-$26.4M-$426.6M-$20.1M-$4.6M-$3.7M-$6.5M-$12.4M-$5.2M$91.1K
Liabilities Current$1.06B$1.06B$146.9M$98.3M$61.3M$81.8M$13.0M$10.5M$10.6M$2.9M$1.4M$1.5M$696.2K$307.6K$701.9K
Liabilities And Stockholders Equity$1.65B$1.77B$1.56B$1.47B$1.24B$1.30B$64.9M$87.5M$87.3M$289.2M$288.3M$288.4M$288.5M$288.4M$289.3M
Liabilities$1.30B$1.33B$1.28B$1.31B$1.12B$1.03B$28.2M$16.4M$21.4M$5.5M$4.4M$7.3M$13.4M$23.5M$19.0M
Assets Current$78.0M$308.2M$245.1M$344.2M$167.1M$229.1M$955.8K$235.7K$436.8K$378.7K$600.3K$840.7K$817.5K$606.4K$1.8M
Assets$1.65B$1.77B$1.56B$1.47B$1.24B$1.30B$64.9M$87.5M$87.3M$289.2M$288.3M$288.4M$288.5M$288.4M$289.3M
Temporary Equity Accretion To Redemption Value$502.9K$626.4K$1.8M$665.8K$84.4K$0.00$18.5M$0.00
Cash And Cash Equivalents At Carrying Value$41.6M$247.1M$189.0M$288.2M$112.1M$209.1M$112.1M$367.0K$322.8K$295.2K$85.7K$777.0K$9.0K
Cash$41.6M$247.1M$189.0M$288.2M$112.1M$209.1M$112.1M$367.0K$322.8K$295.2K$85.7K$777.0K$9.0K
Accrued Liabilities Current$78.0M$6.2M$5.6M$5.4M$1.1M$165.9K$263.5K$331.2K$307.6K$701.9K
Warrant Liability$68.3M$15.2M$5.9M$10.8M$2.6M$3.0M$5.8M$12.8M$23.2M$18.3M
Temporary Equity Carrying Amount Attributable To Parent$63.1M$86.6M$86.0M$288.3M$287.6M$287.5M$287.5M$260.0M$265.2M
Repayments Of Long Term Debt$0.00$18.8M
Assets Held In Trust Noncurrent$63.9M$87.3M$86.9M$288.8M$287.7M$287.5M$287.5M$287.5M$287.5M
Restricted Cash Current$0.00$35.6M$35.5M$35.3M$35.1M$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$155.8M$33.4K$44.3K$768.0K
Interest Earned On Marketable Securities Held In Trust Account-$2.3M-$15.1K-$1.4K$0.00
Common Stock Value$10.0K$10.0K$8.0K$7.0K$6.0K$6.0K
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00$0.00
Other Liabilities Noncurrent$18.5M$17.5M$17.2M$16.8M$3.8M$3.9M
Other Assets Noncurrent$39.1M$36.8M$34.5M$17.7M$5.5M$5.8M
Long Term Debt$0.00$0.00$854.6M$814.4M$790.4M$771.2M
Inventory Raw Materials And Supplies$25.1M$20.5M$15.1M$15.8M$16.6M$16.6M
Equity Contributions From Parent$17.4M$17.4M$19.7M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Net Cash Provided By Used In Operating Activities-$351.7M-$163.0M-$70.1M-$1.7M-$2.0M
Net Cash Provided By Used In Investing Activities-$417.6M-$276.2M$0.00$786.9K-$287.5M
Net Cash Provided By Used In Financing Activities$531.2M$721.7M$70.1M$705.0K$289.8M
Increase Decrease In Accounts Payable And Accrued Liabilities$3.8M$54.0M-$4.4M$4.4M$275.5K
Increase Decrease In Prepaid Expense$3.0M$0.00-$512.3K$600.5K
Payments Of Stock Issuance Costs$13.8M$30.6M$0.00$0.00$799.8K
Depreciation Amortization And Accretion Net$12.9M$9.7M$21.0M
Proceeds From Sale Of Restricted Investments$1.6M$230.1M$0.00$0.00
Share Based Compensation$42.7M$91.6M$0.00
Proceeds From Issuance Of Private Placement$545.0M$590.2M$0.00
Proceeds From Contributions From Parent$0.00$0.00$70.1M
Payments To Acquire Productive Assets$417.6M$72.3M$0.00
Payments Of Debt Issuance Costs$0.00$1.6M$0.00
Payments To Acquire Businesses Gross$0.00$203.9M$0.00
Increase Decrease In Due To Related Parties$0.00$0.00$4.8M
Proceeds From Related Party Debt$1.5M$705.0K$1.2M
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization$6.0M$0.00$3.69B
Increase Decrease In Accrued Income Taxes Payable-$330.2K$330.2K$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q1 2022Q1 2021Q4 2020
Net Cash Provided By Used In Operating Activities-$47.9M-$36.1M-$541.6K-$309.7K-$388.6K-$537.00
Net Cash Provided By Used In Investing Activities-$63.3M-$204.1M$206.2M$18.9K-$287.5M$0.00
Net Cash Provided By Used In Financing Activities-$36.0K$396.0M-$205.6M$335.0K$288.7M$9.6K
Increase Decrease In Accounts Payable And Accrued Liabilities$1.3M$77.0M$816.6K-$12.0K$701.9K-$1.1K
Increase Decrease In Prepaid Expense$2.6M$2.3M$114.2K-$126.8K$985.3K$0.00
Payments Of Stock Issuance Costs$36.0K$22.9M$799.8K$59.1K
Depreciation Amortization And Accretion Net$3.3M$3.2M$3.0M$2.8M$2.7M$1.4M$5.3M$5.3M
Proceeds From Sale Of Restricted Investments$206.1M$0.00
Share Based Compensation$6.1M$46.4M
Proceeds From Issuance Of Private Placement$0.00$440.2M
Proceeds From Contributions From Parent$0.00$0.00
Payments To Acquire Productive Assets$63.3M$0.00
Payments Of Debt Issuance Costs$0.00$1.5M
Payments To Acquire Businesses Gross$0.00$204.1M
Increase Decrease In Due To Related Parties$0.00$0.00
Proceeds From Related Party Debt$535.0K$0.00$31.5K$43.6K
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization$5.4M$1.8M$0.00$0.00$0.00$0.00
Increase Decrease In Accrued Income Taxes Payable$473.5K$0.00

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Diluted EPS *-$4.18-$9.21
Preferred Stock Shares Outstanding0.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.00
Preferred Stock Shares Authorized1.0M1.0M1.0M1.0M1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Temporary Equity Shares Outstanding150.8K6.1M28.8M28.8M28.8M
Common Stock Par Or Stated Value Per Share$0.00$0.00
Weighted Average Number Of Shares Outstanding Basic98.2M67.0M
Weighted Average Number Of Diluted Shares Outstanding98.2M67.0M
Earnings Per Share Basic$-4.18$-9.21
Common Stock Shares Outstanding145.0M89.3M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Diluted EPS *-$1.11-$1.40-$1.30-$4.11-$2.75-$2.99-$0.56$0.01
Preferred Stock Shares Outstanding0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Authorized1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Temporary Equity Shares Outstanding6.1M8.4M8.4M28.8M28.8M28.8M28.8M26.0M26.5M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Shares Outstanding Basic99.5M91.2M84.4M62.2M60.2M60.2M
Weighted Average Number Of Diluted Shares Outstanding99.5M91.2M84.4M62.2M60.2M60.2M
Earnings Per Share Basic$-1.11$-1.40$-1.30$-4.11$-2.75$-2.99
Common Stock Shares Outstanding99.5M99.5M89.3M78.8M64.8M60.2M7.2M7.2M7.2M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Fair Value Adjustment Of Warrants-$89.2M$227.5M$0.00-$498.0K-$6.2M
Investment Income Interest$4.4M$4.0M$16.2K
Formation And Operating Costs$4.9M$6.2M$1.7M
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses$219.2M$87.9M$60.7M
Parent Net Investment$0.00$339.0M$362.6M
Additional Paid In Capital$1.64B$1.08B$0.00$24.3K
Prepaid Expense Current$96.6K$88.2K$521.9K
Paid In Kind Interest$87.7M$66.3M$0.00
Payment Of Non Convertible Promissory Notes To Related Parties$0.00$1.1M$0.00
Fair Value Adjustment Of Promissory Note$3.7M$170.7K-$83.8K
Initial Fmv Adjustment On Promissory Note$533.2K$52.1K$143.4K
Notes Issued1$533.2K$52.1K$143.4K
Oil And Gas Property Successful Effort Method Net$1.56B$1.19B$689.0M
Oil And Gas Property Successful Effort Method Gross$1.57B$1.19B$4.38B

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020
Fair Value Adjustment Of Warrants-$34.8M-$27.1M$21.3M$178.2M$81.2M-$1.8M$0.00$0.00-$1.4M-$372.8K-$2.8M-$6.9M-$10.4M$4.9M-$477.4K$0.00
Investment Income Interest$9.8M$699.9K$835.9K$2.3M$1.2M$354.2K$15.1K$4.3K$4.3K$1.4K$0.00
Formation And Operating Costs$996.9K$1.3M$1.1M$1.3M$306.3K$424.5K$306.7K$424.6K$105.2K$1.7K
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses$79.4M$50.4M$34.4M$25.6M$26.3M$7.3M$14.3M$14.1M
Parent Net Investment$0.00$0.00$0.00$348.6M$354.3M$359.2M
Additional Paid In Capital$1.39B$1.38B$1.09B$849.6M$548.6M$525.7M$0.00$0.00$0.00$0.00$10.2M$4.9M
Prepaid Expense Current$3.4M$246.4K$142.1K$202.4K$238.5K$388.3K$473.7K$522.4K$520.7K$985.3K
Paid In Kind Interest$20.9M$9.6M
Payment Of Non Convertible Promissory Notes To Related Parties$0.00$1.1M
Fair Value Adjustment Of Promissory Note$757.5K-$798.4K$3.1K-$1.2K-$5.4K$27.6K$0.00
Initial Fmv Adjustment On Promissory Note$304.8K$186.2K$42.2K$52.1K
Notes Issued1$42.2K$52.1K
Oil And Gas Property Successful Effort Method Net$1.53B$1.43B$1.28B$1.11B$1.07B$1.06B
Oil And Gas Property Successful Effort Method Gross$1.54B$1.43B$1.28B$1.11B$1.07B$1.06B

Most recent annual filing with the SEC: February 27, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.