Sable Offshore (SOC)
Restores Santa Ynez offshore production, processing, and pipeline oil sales.
$4.30
After hours−0.00 (−0.12%)
At close$4.31(−0.58%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 137 |
| Cost of revenue | 5 | 18 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 5 | 68 | 113 |
| Gross profit | −5 | −18 | −4 | −3 | −3 | −3 | −3 | −3 | −3 | −5 | −67 | 24 |
| 17 | 9 | 167 | 60 | 52 | 48 | 56 | 126 | 116 | 96 | 52 | 91 | |
| 3 | 4 | 135 | 33 | 26 | 48 | 22 | 75 | 37 | 42 | 48 | 59 | |
| General & administrative | 3 | 4 | 135 | 33 | 26 | 48 | 22 | 75 | 37 | 42 | 48 | 59 |
| Other expenses | 14 | 5 | 31 | 26 | 26 | 0 | 34 | 50 | 79 | 54 | 4 | 32 |
| Operating income | −23 | −26 | −171 | −62 | −55 | −51 | −60 | −129 | −119 | −100 | −119 | −67 |
| −1 | 1 | −8 | −98 | −200 | 15 | −39 | 9 | 16 | 24 | −78 | 30 | |
| Interest income | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest expense | 0 | 0 | 67 | 19 | 19 | −38 | 21 | 21 | 21 | 25 | 34 | 43 |
| Other non-operating income | 1 | −1 | −2 | 79 | 181 | −34 | 18 | −30 | −37 | −50 | 44 | −73 |
| Income before tax | −23 | −25 | −178 | −160 | −255 | −36 | −99 | −120 | −104 | −76 | −197 | −37 |
| Income tax expense | 0 | 0 | 13 | 5 | 1 | −19 | 11 | 8 | 7 | −14 | 0 | 27 |
| Net income from continuing operations | −23 | −25 | −192 | −165 | −256 | −16 | −110 | −128 | −110 | −62 | −197 | −64 |
| Net income | −23 | −25 | −192 | −165 | −256 | −16 | −110 | −128 | −110 | −62 | −197 | −64 |
| EPS, basic | −$0.52 | −$0.56 | −$3.19 | −$2.75 | −$4.11 | −$0.18 | −$1.30 | −$1.40 | −$1.21 | −$0.43 | −$1.37 | −$0.42 |
| EPS, diluted | −$0.52 | −$0.56 | −$3.19 | −$2.75 | −$4.11 | −$0.18 | −$1.30 | −$1.40 | −$1.21 | −$0.43 | −$1.37 | −$0.42 |
| Weighted average shares, basic | 44 | 44 | 60 | 60 | 62 | 89 | 84 | 91 | 91 | 98 | 144 | 153 |
| Weighted average shares, diluted | 44 | 44 | 60 | 60 | 62 | 89 | 84 | 91 | 91 | 98 | 144 | 153 |
| EBITDA | −18 | −20 | −165 | −138 | −233 | −14 | −74 | −96 | −79 | −48 | −158 | 38 |
| Depreciation & amortization | 5 | 5 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 2 | 4 | 32 |
| EBIT | −23 | −25 | −169 | −141 | −236 | −16 | −78 | −99 | −83 | −51 | −162 | 6 |
