# Sable Offshore Corp.: financial statements, quarterly

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)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/soc/financials.md?period=annual).

## Income statement

| Line item | Unit | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | 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 | not reported | [0.0](/filings/0001831481-24-000007.md) | [0.0](/filings/0001831481-24-000011.md) | [0.0 d](/filings/0001831481-26-000026.md) | [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) |
| Operating income | $m | [(1.1)](/filings/0001193125-23-145043.md) | [(22.3)](/filings/0001831481-24-000007.md) | [(22.5)](/filings/0001831481-24-000011.md) | [(26.4) d](/filings/0001831481-26-000026.md) | [(62.2)](/filings/0001831481-25-000064.md) | [(54.6)](/filings/0001831481-25-000103.md) | [(59.8)](/filings/0001831481-26-000049.md) | [(129)](/filings/0001831481-26-000104.md) | [(119)](/filings/0001831481-25-000103.md) | [(100) d](/filings/0001831481-26-000026.md) | [(119)](/filings/0001831481-26-000049.md) | [(66.9)](/filings/0001831481-26-000104.md) |
| Interest expense | $m | not reported | [0.0](/filings/0001831481-24-000007.md) | [0.0](/filings/0001831481-24-000011.md) | [0.0 d](/filings/0001831481-26-000026.md) | [19.2](/filings/0001831481-25-000064.md) | [19.2](/filings/0001831481-25-000103.md) | [21.0](/filings/0001831481-26-000049.md) | [21.0](/filings/0001831481-26-000104.md) | [21.0](/filings/0001831481-25-000103.md) | [25.2 d](/filings/0001831481-26-000026.md) | [34.7](/filings/0001831481-26-000049.md) | [43.1](/filings/0001831481-26-000104.md) |
| Income tax | $m | [0.5](/filings/0001193125-23-145043.md) | [0.0](/filings/0001831481-24-000007.md) | [0.0](/filings/0001831481-24-000011.md) | [0.0 d](/filings/0001831481-26-000026.md) | [5.1](/filings/0001831481-25-000064.md) | [0.9](/filings/0001831481-25-000103.md) | [10.9](/filings/0001831481-26-000049.md) | [7.8](/filings/0001831481-26-000104.md) | [6.6](/filings/0001831481-25-000103.md) | [(13.7) d](/filings/0001831481-26-000026.md) | [0.0](/filings/0001831481-26-000049.md) | [27.0](/filings/0001831481-26-000104.md) |
| Net income | $m | [(23.2)](/filings/0001831481-24-000011.md) | [(22.3)](/filings/0001831481-24-000011.md) | [(23.1)](/filings/0001831481-24-000011.md) | [(25.1) d](/filings/0001831481-26-000026.md) | [(165)](/filings/0001831481-25-000103.md) | [(256)](/filings/0001831481-25-000103.md) | [(110)](/filings/0001831481-26-000104.md) | [(128)](/filings/0001831481-26-000104.md) | [(110)](/filings/0001831481-25-000103.md) | [(62.2) d](/filings/0001831481-26-000026.md) | [(197)](/filings/0001831481-26-000104.md) | [(64.2)](/filings/0001831481-26-000104.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | [(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) |
| Basic EPS | $ per share | not reported | not reported | not reported | not reported | [(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) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | FY2023 (2023-12-31) | period not labelled (2024-02-13) | Q1 FY2025 (2024-03-31) | Q2 FY2025 (2024-06-30) | Q3 FY2025 (2024-09-30) | FY2025 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $m | [0.0](/filings/0001831481-26-000026.md) | [0.0](/filings/0001831481-26-000026.md) | [209](/filings/0001831481-25-000033.md) | [112](/filings/0001831481-25-000064.md) | [288](/filings/0001831481-25-000103.md) | [300](/filings/0001831481-26-000026.md) | [189](/filings/0001831481-26-000049.md) | [247](/filings/0001831481-26-000104.md) | [41.6](/filings/0001831481-25-000103.md) | [97.7](/filings/0001831481-26-000104.md) | [52.2](/filings/0001831481-26-000049.md) | [21.6](/filings/0001831481-26-000104.md) |
| Current assets | $m | [16.2](/filings/0001831481-25-000016.md) | not reported | [229](/filings/0001193125-24-139428.md) | [167](/filings/0001831481-24-000007.md) | [344](/filings/0001831481-24-000011.md) | [355](/filings/0001831481-26-000026.md) | [245](/filings/0001831481-25-000033.md) | [308](/filings/0001831481-25-000064.md) | [78.0](/filings/0001831481-25-000103.md) | [136](/filings/0001831481-26-000104.md) | [85.0](/filings/0001831481-26-000049.md) | [107](/filings/0001831481-26-000104.md) |
| Total assets | $m | [712](/filings/0001831481-25-000016.md) | not reported | [1,296](/filings/0001193125-24-139428.md) | [1,241](/filings/0001831481-24-000007.md) | [1,473](/filings/0001831481-24-000011.md) | [1,583](/filings/0001831481-26-000026.md) | [1,562](/filings/0001831481-25-000033.md) | [1,772](/filings/0001831481-25-000064.md) | [1,650](/filings/0001831481-25-000103.md) | [1,741](/filings/0001831481-26-000104.md) | [1,730](/filings/0001831481-26-000049.md) | [1,762](/filings/0001831481-26-000104.md) |
| Current liabilities | $m | [17.9](/filings/0001831481-25-000016.md) | not reported | [81.8](/filings/0001193125-24-139428.md) | [61.3](/filings/0001831481-24-000007.md) | [98.3](/filings/0001831481-24-000011.md) | [121](/filings/0001831481-26-000026.md) | [147](/filings/0001831481-25-000033.md) | [1,062](/filings/0001831481-25-000064.md) | [1,062](/filings/0001831481-25-000103.md) | [1,023](/filings/0001831481-26-000104.md) | [1,078](/filings/0001831481-26-000049.md) | [446](/filings/0001831481-26-000104.md) |
| Total liabilities | $m | [373](/filings/0001831481-25-000016.md) | not reported | [1,031](/filings/0001193125-24-139428.md) | [1,119](/filings/0001831481-24-000007.md) | [1,306](/filings/0001831481-24-000011.md) | [1,199](/filings/0001831481-26-000026.md) | [1,281](/filings/0001831481-25-000033.md) | [1,326](/filings/0001831481-25-000064.md) | [1,302](/filings/0001831481-25-000103.md) | [1,207](/filings/0001831481-26-000104.md) | [1,308](/filings/0001831481-26-000049.md) | [1,367](/filings/0001831481-26-000104.md) |
| Long-term debt | $m | [0.0](/filings/0001831481-25-000016.md) | not reported | [771](/filings/0001193125-24-139428.md) | [790](/filings/0001831481-24-000007.md) | [814](/filings/0001831481-24-000011.md) | [834](/filings/0001831481-26-000026.md) | [855](/filings/0001831481-25-000033.md) | [0.0](/filings/0001831481-25-000064.md) | [0.0](/filings/0001831481-25-000103.md) | [0.0](/filings/0001831481-26-000104.md) | not reported | [732](/filings/0001831481-26-000104.md) |
| Current portion of debt | $m | [0.0](/filings/0001193125-24-139428.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Short-term borrowings | $m | not reported | not reported | not reported | not reported | not reported | [0.0](/filings/0001831481-26-000026.md) | not reported | [876](/filings/0001831481-25-000064.md) | [897](/filings/0001831481-25-000103.md) | [922](/filings/0001831481-26-000104.md) | [956](/filings/0001831481-26-000049.md) | [237](/filings/0001831481-26-000104.md) |
| Shareholders' equity | $m | [339](/filings/0001831481-25-000016.md) | [(19.1)](/filings/0001831481-26-000026.md) | [265](/filings/0001831481-25-000103.md) | [122](/filings/0001831481-25-000103.md) | [167](/filings/0001831481-25-000103.md) | [384](/filings/0001831481-26-000104.md) | [281](/filings/0001831481-26-000104.md) | [446](/filings/0001831481-26-000104.md) | [348](/filings/0001831481-25-000103.md) | [534](/filings/0001831481-26-000104.md) | [422](/filings/0001831481-26-000104.md) | [395](/filings/0001831481-26-000104.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebt, us-gaap:LongTermDebtNoncurrent
- Current portion of debt: us-gaap:DebtCurrent
- Short-term borrowings: us-gaap:ShortTermBorrowings
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q4 FY2022 (2022-12-31) | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | 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) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [(0.2) d](/filings/0001193125-23-277095.md) | [(0.9) d](/filings/0001193125-24-080879.md) | [(0.5)](/filings/0001193125-23-145043.md) | [(36.6) d](/filings/0001831481-24-000007.md) | [(17.4) d](/filings/0001831481-24-000011.md) | [(15.5) d](/filings/0001831481-26-000026.md) | [(47.9)](/filings/0001831481-26-000049.md) | [(95.0) d](/filings/0001831481-26-000104.md) | [(111) d](/filings/0001831481-25-000103.md) | [(98.1) d](/filings/0001831481-26-000026.md) | [(82.2)](/filings/0001831481-26-000049.md) | [9.4 d](/filings/0001831481-26-000104.md) |
| Capital expenditure | $m | not reported | not reported | not reported | not reported | [0.0 d](/filings/0001831481-24-000011.md) | [0.0 d](/filings/0001831481-26-000026.md) | [63.3](/filings/0001831481-26-000049.md) | [130 d](/filings/0001831481-26-000104.md) | [130 d](/filings/0001831481-25-000103.md) | [94.5 d](/filings/0001831481-26-000026.md) | [21.1](/filings/0001831481-26-000049.md) | [31.5 d](/filings/0001831481-26-000104.md) |
| Share repurchases | $m | [0.0 d](/filings/0001193125-23-277095.md) | [0.0 d](/filings/0001193125-24-080879.md) | [206](/filings/0001193125-23-145043.md) | [0.0 d](/filings/0001193125-23-212311.md) | [24.0 d](/filings/0001193125-23-277095.md) | [0.0 d](/filings/0001193125-24-080879.md) | not reported | not reported | not reported | not reported | not reported | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| 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) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [60.2](/filings/0001831481-25-000064.md) | [62.2](/filings/0001831481-25-000103.md) | [84.4](/filings/0001831481-26-000049.md) | [91.2](/filings/0001831481-26-000104.md) | [99.5](/filings/0001831481-25-000103.md) | [144](/filings/0001831481-26-000049.md) | [153](/filings/0001831481-26-000104.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 191,869,572 at 2026-08-07, from the cover of the [10-Q filed 2026-08-10](/filings/0001831481-26-000104.md) (dei:EntityCommonStockSharesOutstanding).

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