SOC - NYSE
Sable Offshore Corp.
$13.24
-2.4%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.
At a Glance
Live SnapshotSable Offshore Corp. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
Sable Offshore Corp. Cash Flow Statement
SOC • NYSE
| Sable Offshore Corp. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
-410.2M | -629.1M | -32.2M | -2.6M | 4.3M | -1.7K | |
14.5M | 13.4M | 0.0 | 0.0 | 0.0 | 0.0 | |
11.7M | -48K | 0.0 | 0.0 | 0.0 | 0.0 | |
42.7M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-958K | 389.7M | 26.3M | -4.3M | -6M | 0.0 | |
(0.0) | (0.0) | (0.0) | (426.9K) | (0.0) | (0.0) | |
-9.4M | 38.9M | 2M | 5.2M | -325K | 1.1K | |
-351.7M | -187.1M | -3.8M | -1.7M | -2M | -537.0 | |
INVESTING ACTIVITIES | ||||||
-417.6M | -72.3M | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | -203.9M | (0.0) | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 231.6M | 786.9K | -287.5M | 0.0 | |
-417.6M | -276.2M | (231.6M) | (786.9K) | -287.5M | (0.0) | |
FINANCING ACTIVITIES | ||||||
531.2M | 765.6M | -230.1M | 0.0 | 281.8M | -34.1K | |
0.0 | -19.9M | 2.6M | 705K | 1.1M | 43.6K | |
(0.0) | (0.0) | -230.1M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 7M | 0.0 | |
531.2M | 745.8M | -227.6M | 705K | 289.8M | 9.6K | |
CASH FLOW SUMMARY | ||||||
0.0 | 53.1M | 0.0 | 0.0 | 0.0 | 0.0 | |
-238.1M | 335.5M | 167.6K | -222.5K | 313.8K | 9K | |
335.8M | 267.8K | 100.3K | 322.8K | 9K | 0.0 | |
97.7M | 335.8M | 267.8K | 100.3K | 322.8K | 9K | |
-769.3M | -259.4M | -3.8M | -1.7M | -2M | -540.0 |
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 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 30, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | April 20, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 30, 2026 | March 29, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 27, 2026 | February 27, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 02, 2026 | 2026 |
Related Guides
Continue your SOC research with focused valuation guides.
Research Paths
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.