# Sable Offshore Corp.: overview

SOC · NYSE · CIK 1831481 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/soc.md) · [Financials](/companies/soc/financials.md) · [Filings](/companies/soc/filings.md) · [Insiders](/companies/soc/insiders.md)

Latest reported revenue: [$137.1m](/filings/0001831481-26-000104.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001831481-26-000104).

## Last eight quarters

| Line item | Unit | Q2 FY2025 (2024-06-30) | Q3 FY2025 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0](/filings/0001831481-25-000064.md) | [0.0](/filings/0001831481-25-000103.md) | [0.0](/filings/0001831481-26-000049.md) | [0.0](/filings/0001831481-26-000104.md) | [0.0](/filings/0001831481-25-000103.md) | [0.0 d](/filings/0001831481-26-000026.md) | [1.3](/filings/0001831481-26-000049.md) | [137](/filings/0001831481-26-000104.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | [(9343.4%)](/filings/0001831481-26-000049.md) | [(48.8%)](/filings/0001831481-26-000104.md) |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | [(15501.7%)](/filings/0001831481-26-000104.md) | [(46.8%)](/filings/0001831481-26-000104.md) |
| Diluted EPS | $ per share | [(2.75)](/filings/0001831481-25-000064.md) | [(4.11)](/filings/0001831481-25-000103.md) | [(1.30)](/filings/0001831481-26-000049.md) | [(1.40)](/filings/0001831481-26-000104.md) | [(1.11)](/filings/0001831481-25-000103.md) | not reported | [(1.37)](/filings/0001831481-26-000049.md) | [(0.42)](/filings/0001831481-26-000104.md) |
| Free cash flow | $m | not reported | not reported | [(111)](/filings/0001831481-26-000049.md) | [(225) d](/filings/0001831481-26-000104.md) | [(241) d](/filings/0001831481-25-000103.md) | [(193) d](/filings/0001831481-26-000026.md) | [(103)](/filings/0001831481-26-000049.md) | [(22.1) d](/filings/0001831481-26-000104.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | [0.0](/filings/0001831481-26-000026.md) | [0.0](/filings/0001831481-26-000026.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | not reported | not reported | not reported | [(4.18)](/filings/0001831481-26-000026.md) |
| Free cash flow | $m | not reported | not reported | [(70.1)](/filings/0001831481-26-000026.md) | [(769)](/filings/0001831481-26-000026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/soc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [PILGRIM GLOBAL ADVISORS LLC](/funds/1963918.md) | 2026-06-30 | $56.1m | 18,206,121 |  | Unchanged |
| [Encompass Capital Advisors LLC](/funds/1541901.md) | 2026-06-30 | $44.5m | 14,448,741 |  | Added +1,000,000 |
| [CONTINENTAL GENERAL INSURANCE CO](/funds/24046.md) | 2026-06-30 | $43.5m | 14,139,408 |  | Added +434,298 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $32.9m | 10,667,229 |  | Added +1,308,276 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $25.9m | 8,414,504 |  | Added +1,140,502 |
| [Two Seas Capital LP](/funds/1823138.md) | 2026-06-30 | $25.8m | 8,377,636 |  | Added +2,880,925 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $24.1m | 7,822,902 |  | Added +3,211,740 |
| [FourWorld Capital Management LLC](/funds/1770525.md) | 2026-06-30 | $21.0m | 6,823,709 |  | Reduced −389,024 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $18.8m | 6,111,898 |  | Reduced −1,456,928 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $17.9m | 5,810,187 |  | Added +339,516 |

## Recent filings

[All 370 filings](/companies/soc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-29 | 21:14 ET | [8-K](/filings/0001831481-26-000113.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000113 |
| 2026-08-24 | 10:15 ET | [8-K](/filings/0001831481-26-000108.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001831481-26-000108 |
| 2026-08-10 | 21:23 ET | [8-K](/filings/0001831481-26-000105.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000105 |
| 2026-08-10 | 21:12 ET | [10-Q](/filings/0001831481-26-000104.md) | Quarterly report, period 2026-06-30 | 0001831481-26-000104 |
| 2026-07-13 | 21:22 ET | [8-K](/filings/0001831481-26-000097.md) | 4.01 Change of auditor; 9.01 Financial statements and exhibits | 0001831481-26-000097 |
| 2026-07-02 | 20:51 ET | [8-K](/filings/0001831481-26-000092.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000092 |
| 2026-06-22 | 12:06 ET | [8-K](/filings/0001831481-26-000076.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000076 |
| 2026-06-16 | 10:52 ET | [8-K](/filings/0001831481-26-000074.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000074 |
| 2026-06-10 | 20:02 ET | [8-K](/filings/0001831481-26-000070.md) | 5.07 Shareholder vote results | 0001831481-26-000070 |
| 2026-06-01 | 10:38 ET | [8-K](/filings/0001831481-26-000067.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001831481-26-000067 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001831481-26-000026.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/a5657ea9-010a-4a96-a887-d1bbf8a526ef)

## About the filer

- CIK: 1831481
- Tickers: SOC
- Exchange: NYSE
- SIC code: 1311 Crude Petroleum & Natural Gas
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.