Sable Offshore Corp. (SOC) Stock Analysis
Energy · Oil & Gas Drilling · NYSE
Sable Offshore Corp. (SOC) posted $0 in revenue for fiscal 2025, with a net loss of $410.16M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Sable Offshore Corp.
Sable Offshore Corp. has grown revenue from $0 to $0 over the last 4 fiscal years.
It carries about $921.58M of total debt.
The one thing worth a second look in the filings is debt with negative operating cash flow.
Synthesised from Sable Offshore Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Sable Offshore Corp. revenue & earnings — last 4 fiscal years
| Metric | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Gross profit | — | — | $-21.02M | $-12.89M |
| Net income | $4.27M | $-2.59M | $-93.67M | $-410.16M |
| Net margin | — | — | — | — |
Source: Sable Offshore Corp. SEC filings (10-K).
Sable Offshore Corp.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Debt with negative operating cash flowCarries $1843.2M of debt while last year's operating cash flow was negative ($-351.7M).
Explore 4 years of Sable Offshore Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Sable Offshore Corp. financial history by metric
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About Sable Offshore Corp.
Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. 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 headquartered in Houston, Texas.
Sable Offshore Corp. — frequently asked questions
What is Sable Offshore Corp.'s revenue?
Sable Offshore Corp. (SOC) reported revenue of $0 for fiscal year 2025, according to its SEC filings.
Is Sable Offshore Corp. profitable?
No — SOC reported a net loss of $-410.16M in fiscal 2025.
What is SOC's P/E ratio?
Sable Offshore Corp. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does Sable Offshore Corp. have?
As of fiscal year 2025, SOC carried roughly $921.58M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Sable Offshore Corp.'s market cap?
Sable Offshore Corp. (SOC) has a market capitalization of about $1.85B, based on the latest data in our nightly-refreshed cache.
When does Sable Offshore Corp.'s fiscal year end?
SOC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Sable Offshore Corp.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.