SOC - NYSE

Sable Offshore Corp.

SOC·NYSE

$13.24

-2.4%

EnergyOil & Gas Drilling

Sable 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.32B

EPS-4.1800

P/E Ratio-3.17

Earnings Date08/11/2026

1.74B

Assets

10%

3Y+498.0%

5Y+572119.0%

10Y+572119.0%

1.21B

Total Liabilities

3Y+6289.0%

5Y+429450.0%

10Y+429450.0%

534.30M

Total Equity

39%

3Y+96.0%

5Y+2288822.0%

10Y+2288822.0%

Sable Offshore Corp. Funding & Solvency Profile

SOC · NYSE

Current Assets

Cash & Cash Equivalents97.68M

Net Receivables0.00

Inventory12.08M

Other Current Assets25.94M

Total Current Assets136 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets0.00

Long-Term Investments0.00

Other Non-Current Assets1.61B

Total Non-Current Assets2 B

Total Assets

1.74B

Financial Health Analysis

Current Ratio

0.13x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

2.26x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-887723000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

8% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Sable Offshore Corp. Balance Sheet

SOC • NYSE

Sable Offshore Corp. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	97.7M	300.4M	0.0	100.3K	322.8K	9K
Cash & Short-Term Investments	97.7M	300.4M	0.0	100.3K	322.8K	9K
Inventory	12.1M	15.3M	16.2M	0.0	0.0	0.0
Prepaids	0.0	4.2M	96.6K	88.2K	521.9K	0.0
Other Current Assets	25.9M	35.4M	-96.6K	0.0	0.0	295.2K
Total Current Assets	135.7M	355.3M	16.2M	188.5K	844.6K	304.2K
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	1.2B	689M	0.0	0.0	0.0
Long-Term Investments	0.0	0.0	0.0	290.7M	287.5M	0.0
Other Non-Current Assets	1.6B	16.2M	6.4M	0.0	78.6K	0.0
Total Non-Current Assets	1.6B	1.2B	695.4M	290.7M	287.6M	0.0
Total Assets	1.7B	1.6B	711.6M	290.9M	288.4M	304.2K
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	16.8M	14.6M	2M	275.5K	237.3K
Accounts Payable	0.0	16.8M	3.2M	1.7M	275.5K	237.3K
Other Payables	0.0	0.0	11.4M	330.2K	0.0	0.0
Accrued Expenses	0.0	67.9M	2.1M	0.0	0.0	0.0
Short Term Debt	0.0	0.0	7.5M	1.8M	956.1K	43.6K
Capital Lease Obligations (Current)	0.0	918K	1.1M	0.0	0.0	0.0
Tax Payables	0.0	0.0	2.3M	330.2K	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	-4.3M	0.0	0.0
Other Current Liabilities	1B	35M	-7.5M	7.3M	0.0	0.0
Total Current Liabilities	1B	120.7M	17.9M	6.7M	1.2M	280.9K
NON-CURRENT LIABILITIES
Long Term Debt	0.0	833.5M	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	12.8M	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	170.3M	227.8M	349.1M	12.1M	12.6M	0.0
Total Non-Current Liabilities	183.1M	1.1B	354.7M	12.1M	12.6M	0.0
Capital Lease Obligations	0.0	17.9M	6.7M	0.0	0.0	0.0
Total Liabilities	1.2B	1.2B	372.6M	18.9M	13.9M	280.9K
SHAREHOLDERS' EQUITY
Common Stock	15K	8K	0.0	290.3M	287.5M	719.0
Additional Paid-In Capital	0.0	1.1B	0.0	0.0	0.0	24.3K
Retained Earnings	-1.1B	-698.3M	0.0	-18.3M	-12.9M	-1.7K
Other Total Stockholders' Equity	1.6B	0.0	339M	0.0	0.0	0.0
Total Stockholders' Equity	534.3M	384.2M	339M	272M	274.6M	23.3K
Total Equity	534.3M	384.2M	339M	272M	274.6M	23.3K
SUMMARY
Total Liabilities & Equity	1.7B	1.6B	711.6M	290.9M	288.4M	304.2K
Total Investments	0.0	0.0	0.0	290.7M	287.5M	0.0
Total Debt	0.0	851.4M	14.2M	1.8M	956.1K	43.6K
Net Debt	-97.7M	551.1M	14.2M	1.7M	633.3K	34.6K
Shares Outstanding	99,507,250	99,507,250	99,507,250	99,507,250	99,507,250	99,507,250

SEC Filings

SOC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	May 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 30, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	April 20, 2026	April 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 30, 2026	March 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 03, 2026	February 02, 2026	2026	View Filing

Showing 1 to 10 of 112 filings

Related Guides

Blog Categories

Continue your SOC research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.