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    Sable Offshore Corp.

    Company overview

    Market capitalization
    $684.97M
    Employees
    200
    Latest publication
    2026-09-29
    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.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ3 20262026-06-30 · USDQ2 20262026-03-31 · USDQ1 20262025-12-31 · USDQ4 20252025-09-30 · USDQ3 20252025-06-30 · USDQ2 20252025-03-31 · USDQ1 20252024-12-31 · USDQ4 20242024-09-30 · USD
    Total Revenue47,500USD1,271,000USD0USD0USD0USD0USD18,965,998USD0USD
    Cost Of Revenue—68,033,000USD4,652,000USD3,259,000USD3,172,000USD3,427,000USD2,878,000USD2,755,000USD
    Gross Profit—-66,762,000USD-4,652,000USD-3,259,000USD-3,172,000USD-3,427,000USD-2,878,000USD-2,755,000USD
    Selling General Administrative—48,050,000USD41,828,000USD36,719,000USD75,318,000USD22,332,000USD47,886,000USD26,225,000USD
    Unclassified Operating Expenses—3,942,000USD53,736,000USD79,405,000USD50,398,000USD34,037,000USD—25,629,000USD
    Total Operating Expenses—51,992,000USD95,564,000USD116,124,000USD125,716,000USD56,369,000USD47,886,000USD51,854,000USD
    Operating Income—-118,754,000USD-100,216,000USD-119,383,000USD-128,888,000USD-59,796,000USD-50,764,000USD-54,609,000USD
    Interest Expense—34,115,000USD25,216,000USD21,010,000USD21,009,000USD21,010,000USD38,344,000USD19,169,000USD
    Net Interest Income—-34,668,000USD-25,216,000USD-21,010,000USD-21,009,000USD-21,010,000USD—-19,169,000USD
    Income Before Tax—-197,026,000USD-75,839,000USD-103,748,000USD-120,243,000USD-98,661,000USD-35,652,000USD-254,705,000USD
    Tax Provision—0USD-13,665,000USD6,630,000USD7,823,000USD10,883,000USD-19,485,000USD865,000USD
    Net Income—-197,026,000USD-62,174,000USD-110,378,000USD-128,066,000USD-109,544,000USD-16,167,000USD-255,570,000USD
    Net Income From Continuing Ops—-197,026,000USD-62,174,000USD-110,378,000USD-128,066,000USD-109,544,000USD—-255,570,000USD
    Ebit—-162,358,000USD-50,623,000USD-82,738,000USD-99,234,000USD-77,651,000USD-16,483,000USD-235,536,000USD
    Ebitda—-158,047,000USD-48,423,000USD-79,063,000USD-95,648,000USD-74,224,000USD-13,605,000USD-232,781,000USD
    Depreciation And Amortization—4,311,000USD2,200,000USD3,675,000USD3,586,000USD3,427,000USD2,878,000USD2,755,000USD
    Reconciled Depreciation—4,311,000USD3,822,000USD3,675,000USD3,586,000USD3,427,000USD——
    Total Other Income Expense Net—-78,272,000USD24,377,000USD15,635,000USD8,645,000USD-38,865,000USD15,112,000USD-200,096,000USD
    Interest Income——25,216,000USD21,010,000USD21,009,000USD21,010,000USD19,169,000USD19,169,000USD
    Income Tax Expense——-13,665,000USD6,630,000USD7,823,000USD10,883,000USD-19,485,000USD865,000USD
    Net Income Applicable To Common Shares——-62,174,000USD-110,378,000USD-128,066,000USD-109,544,000USD-16,167,000USD-255,570,000USD
    SourceDisclosurePreliminaryLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-09-30 · USDFY 20242024-09-30 · USDFY 20232023-09-30 · USDFY 20222022-09-30 · USDFY 20212021-09-30 · USDFY 20202020-09-30 · USD
    Total Revenue0USD0USD0USD0USD0USD—
    Cost Of Revenue14,510,000USD13,432,000USD21,018,000USD———
    Gross Profit-14,510,000USD-13,432,000USD-21,018,000USD———
    Selling General Administrative176,197,000USD12,763,000USD12,763,000USD12,807,000USD1,682,816USD—
    Unclassified Operating Expenses217,576,000USD312,217,000USD60,693,000USD-6,656,801USD——
    Total Operating Expenses393,773,000USD324,980,000USD73,456,000USD6,150,199USD1,682,816USD6,628USD
    Operating Income-408,283,000USD-338,412,000USD-94,474,000USD-6,150,199USD-1,682,816USD-6,628USD
    Interest Income88,245,000USD67,314,000USD4,415,456USD3,989,061USD16,153USD—
    Interest Expense88,245,000USD67,314,000USD0USD———
    Net Interest Income-88,245,000USD—4,415,456USD3,989,061USD16,153USD—
    Income Before Tax-398,491,000USD-629,115,000USD-93,673,000USD-1,833,879USD4,273,078USD-1,657USD
    Income Tax Expense11,671,000USD-48,000USD914,318USD757,069USD-1,682USD—
    Tax Provision11,671,000USD-48,000USD914,318USD757,069USD0USD—
    Net Income-410,162,000USD-629,067,000USD-93,673,000USD-2,590,948USD4,273,078USD-1,657USD
    Net Income From Continuing Ops-410,162,000USD—-32,180,557USD-2,590,948USD4,273,078USD—
    Ebit-310,246,000USD-561,801,000USD-93,673,000USD-6,156,350USD-1,684,502USD—
    Ebitda-297,358,000USD-548,369,000USD-72,655,000USD-6,150,199USD-1,682,816USD-1,660USD
    Depreciation And Amortization12,888,000USD13,432,000USD21,018,000USD6,150USD1,682USD6,628USD
    Reconciled Depreciation14,510,000USD—21,018,000USD———
    Total Other Income Expense Net9,792,000USD-290,703,000USD801,000USD4,316,320USD5,955,894USD-1,657USD
    Net Income Applicable To Common Shares-410,162,000USD-629,067,000USD-93,673,000USD-1,498,696,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-03-31 · USDQ1 20262025-12-31 · USDQ4 20252025-09-30 · USDQ3 20252025-06-30 · USDQ2 20252025-03-31 · USDQ1 20252024-12-31 · USDQ4 20242024-09-30 · USDQ3 20242024-06-30 · USD
    Total Assets1,729,882,000USD1,740,822,000USD1,649,634,000USD1,772,038,000USD1,562,192,000USD1,583,172,000USD1,473,134,000USD1,240,911,000USD
    Other Current Assets24,997,000USD25,940,000USD11,319,000USD40,615,000USD41,002,000USD39,554,000USD40,080,000USD38,445,000USD
    Total Liab1,308,019,000USD1,206,519,000USD1,301,551,000USD1,326,411,000USD1,281,486,000USD1,198,987,000USD1,305,635,000USD1,118,864,000USD
    Total Stockholder Equity421,863,000USD534,303,000USD348,083,000USD445,627,000USD280,706,000USD384,185,000USD167,499,000USD122,047,000USD
    Other Current Liab1,077,810,000USD1,023,425,000USD1,061,700,000USD123,611,000USD89,816,000USD102,947,000USD73,199,000USD54,191,000USD
    Common Stock16,000USD15,000USD10,000USD10,000USD8,000USD8,000USD7,000USD6,000USD
    Capital Stock16,000USD15,000USD10,000USD10,000USD8,000USD8,000USD7,000USD6,000USD
    Retained Earnings-1,305,484,000USD-1,108,458,000USD-1,046,284,000USD-935,906,000USD-807,840,000USD-698,296,000USD-682,129,000USD-426,559,000USD
    Cash52,168,000USD97,684,000USD41,629,000USD247,141,000USD188,987,000USD300,384,000USD288,232,000USD112,069,000USD
    Cash And Short Term Investments52,168,000USD97,684,000USD41,629,000USD247,141,000USD188,987,000USD300,384,000USD288,232,000USD112,069,000USD
    Total Current Assets85,013,000USD135,702,000USD78,019,000USD308,244,000USD245,069,000USD355,275,000USD344,150,000USD167,092,000USD
    Total Current Liabilities1,077,810,000USD1,023,425,000USD1,061,700,000USD1,062,439,000USD146,929,000USD120,671,000USD98,270,000USD61,259,000USD
    Net Debt-52,168,000USD-97,684,000USD-41,629,000USD647,036,000USD683,797,000USD551,064,000USD526,189,000USD678,308,000USD
    Short Long Term Debt956,252,000USD921,584,000USD896,571,000USD875,561,000USD————
    Net Receivables1,542,000USD———————
    Inventory6,306,000USD12,078,000USD25,071,000USD20,488,000USD15,080,000USD15,337,000USD15,838,000USD16,578,000USD
    Accounts Payable37,657,000USD25,239,000USD53,330,000USD62,158,000USD56,086,000USD16,806,000USD22,763,000USD4,760,000USD
    Property Plant Equipment Net1,601,517,000USD1,561,052,000USD1,532,539,000USD1,427,039,000USD1,282,636,000USD1,211,686,000USD1,111,302,000USD1,068,322,000USD
    Property Plant Equipment Gross1,611,450,000USD1,567,029,000USD1,537,981,000USD1,428,848,000USD1,282,636,000USD1,194,447,000USD1,111,302,000USD1,068,322,000USD
    Common Stock Shares Outstanding98,179,703shares98,179,703shares91,224,345shares91,224,345shares84,436,726shares89,310,996shares62,166,298shares60,166,269shares
    Non Current Assets Total1,644,869,000USD1,605,120,000USD1,571,615,000USD1,463,794,000USD1,317,123,000USD1,227,897,000USD1,128,984,000USD1,073,819,000USD
    Non Current Liabilities Total230,209,000USD183,094,000USD239,851,000USD263,972,000USD1,134,557,000USD1,078,316,000USD1,207,365,000USD1,057,605,000USD
    Non Currrent Assets Other1,644,869,000USD1,605,120,000USD1,571,615,000USD36,755,000USD34,487,000USD16,211,000USD17,682,000USD5,497,000USD
    Net Working Capital-992,797,000USD-887,723,000USD-983,681,000USD-754,195,000USD98,140,000USD234,604,000USD245,880,000USD105,833,000USD
    Unclassified Non Current Assets-1,601,517,000USD-1,589,060,000USD-1,571,615,000USD-36,755,000USD-34,487,000USD-16,211,000USD-17,682,000USD—
    Unclassified Current Liabilities-993,909,000USD-946,823,000USD-949,901,000USD-875,561,000USD——2,308,000USD2,308,000USD
    Unclassified Non Current Liabilities230,209,000USD183,094,000USD239,851,000USD263,972,000USD280,005,000USD244,774,000USD376,124,000USD263,428,000USD
    Unclassified Equity1,727,315,000USD1,642,731,000USD1,394,347,000USD1,381,513,000USD1,088,530,000USD1,082,465,000USD849,614,000USD548,594,000USD
    Other Assets—28,008,000USD39,076,000USD36,755,000USD34,487,000USD16,211,000USD17,682,000USD—
    Cash And Equivalents—97,684,000USD41,629,000USD247,141,000USD188,987,000USD300,384,000USD288,232,000USD—
    Short Term Debt—0USD0USD876,670,000USD1,027,000USD918,000USD0USD—
    Long Term Debt—0USD0USD0USD854,552,000USD833,542,000USD814,421,000USD790,377,000USD
    Short Long Term Debt Total———894,177,000USD872,784,000USD851,448,000USD814,421,000USD790,377,000USD
    Accumulated Other Comprehensive Income—————0USD——
    Non Current Liabilities Other——————16,820,000USD3,800,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-09-30 · USDFY 20242024-09-30 · USDFY 20232023-09-30 · USDFY 20222022-09-30 · USDFY 20212021-09-30 · USDFY 20202020-09-30 · USD
    Total Assets1,740,822,000USD1,583,172,000USD711,581,000USD290,906,765USD288,439,429USD304,223USD
    Other Current Assets25,940,000USD39,554,000USD-16,116,399USD88,212USD521,878USD295,209USD
    Total Liab1,206,519,000USD1,198,987,000USD372,560,000USD18,885,023USD13,878,865USD280,880USD
    Total Stockholder Equity534,303,000USD384,185,000USD339,021,000USD272,021,742USD274,560,564USD23,343USD
    Other Current Liab1,023,425,000USD102,947,000USD3,700,698USD7,259,031USD275,500USD237,254USD
    Common Stock15,000USD8,000USD63,520,273USD290,347,727USD287,500,719USD719USD
    Capital Stock15,000USD8,000USD63,520,273USD290,347,727USD287,500,719USD719USD
    Retained Earnings-1,108,458,000USD-698,296,000USD-55,583,422USD-18,325,985USD-12,940,155USD-1,657USD
    Other Assets28,008,000USD16,211,000USD1USD———
    Cash97,684,000USD300,384,000USD267,816USD100,256USD322,768USD9,014USD
    Cash And Equivalents97,684,000USD300,384,000USD————
    Cash And Short Term Investments97,684,000USD300,384,000USD267,816USD100,256USD322,768USD9,014USD
    Total Current Assets135,702,000USD355,275,000USD16,213,000USD188,468USD844,646USD304,223USD
    Total Current Liabilities1,023,425,000USD120,671,000USD17,902,000USD6,735,773USD1,231,615USD280,880USD
    Net Debt-97,684,000USD551,064,000USD14,177,924USD1,679,474USD633,347USD34,612USD
    Short Term Debt0USD918,000USD8,657,924USD1,779,730USD956,115USD43,626USD
    Short Long Term Debt921,584,000USD—7,509,924USD1,779,730USD956,115USD43,626USD
    Long Term Debt0USD833,542,000USD————
    Inventory12,078,000USD15,337,000USD16,213,000USD17,211,000USD——
    Accounts Payable25,239,000USD16,806,000USD3,235,000USD1,662,602USD275,500USD237,254USD
    Property Plant Equipment Net1,561,052,000USD1,211,686,000USD688,964,000USD697,821,000USD——
    Property Plant Equipment Gross1,567,029,000USD1,194,447,000USD4,382,289,000USD———
    Common Stock Shares Outstanding98,179,703shares89,310,996shares44,439,928shares35,937,500shares35,937,500shares2,812,500shares
    Non Current Assets Total1,605,120,000USD1,227,897,000USD695,368,000USD290,718,297USD287,594,783USD295,209USD
    Non Current Liabilities Total183,094,000USD1,078,316,000USD354,658,000USD12,149,250USD12,647,250USD0USD
    Non Currrent Assets Other1,605,120,000USD16,211,000USD6,404,000USD290,718,297USD78,630USD295,209USD
    Net Working Capital-887,723,000USD234,604,000USD-16,407,803USD-6,547,305USD-386,969USD23,343USD
    Unclassified Non Current Assets-1,589,060,000USD-16,211,000USD—-697,821,000USD287,516,153USD—
    Unclassified Current Liabilities-946,823,000USD—-5,201,546USD-5,745,320USD-1,231,615USD—
    Unclassified Non Current Liabilities183,094,000USD244,774,000USD354,658,000USD12,149,250USD12,647,250USD—
    Unclassified Equity1,642,731,000USD1,082,465,000USD267,563,876USD-290,347,727USD-287,500,719USD—
    Short Long Term Debt Total—851,448,000USD14,177,924USD1,779,730USD956,115USD43,626USD
    Accumulated Other Comprehensive Income—0USD———0USD
    Current Deferred Revenue——-6,953,918USD-4,295,741USD-275,500USD-237USD
    Unclassified Current Assets———-17,211,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-03-31 · USDQ1 20262025-12-31 · USDQ4 20252025-09-30 · USDQ3 20252025-06-30 · USDQ2 20252025-03-31 · USDQ1 20252024-12-31 · USDQ4 20242024-09-30 · USDQ3 20242024-06-30 · USD
    Net Income-197,026,000USD-62,174,000USD-110,378,000USD-128,066,000USD-109,544,000USD-16,167,000USD-255,570,000USD-165,436USD
    Depreciation4,311,000USD3,822,000USD3,675,000USD3,586,000USD3,427,000USD2,878,000USD2,755,000USD2,724,000USD
    Stock Based Compensation15,026,000USD12,663,000USD13,524,000USD10,427,000USD6,065,000USD-30,725USD—22,905,000USD
    Other Non Cash Items93,648,000USD-23,319,000USD-13,807,000USD-6,137,000USD42,305,000USD-4,423,000USD219,020,000USD-64,917,564USD
    Change To Account Receivables-1,542,000USD———0USD———
    Change To Inventory-2,934,000USD-911,000USD-1,304,000USD-3,715,000USD257,000USD477,000USD740,000USD58,000USD
    Change In Working Capital16,640,000USD-15,455,000USD-10,270,000USD17,354,000USD-1,071,000USD-340,000USD1,241,000USD-23,440,000USD
    Total Cash From Operating Activities-82,427,000USD-98,128,000USD-110,626,000USD-95,013,000USD-47,935,000USD-37,537,000USD-31,689,000USD-57,745,000USD
    Capital Expenditures-21,050,000USD-94,531,000USD-130,111,000USD-129,678,000USD-63,304,000USD-53,728,000USD-14,443,000USD-4,131,000USD
    Free Cash Flow-103,477,000USD-192,659,000USD-240,737,000USD-95,013,000USD-111,239,000USD-91,265,000USD-46,132,000USD-61,876,000USD
    Total Cashflows From Investing Activities-21,050,000USD-94,531,000USD-130,111,000USD-129,678,000USD-63,304,000USD-53,519,000USD-14,443,000USD-4,191,000USD
    Total Cash From Financing Activities57,961,000USD248,714,000USD-409,000USD282,969,000USD-36,000USD103,344,000USD222,452,000USD—
    Issuance Of Capital Stock72,394,000USD250,000,000USD0USD295,000,000USD0USD———
    Change In Cash-45,516,000USD56,055,000USD-241,146,000USD58,278,000USD-111,275,000USD12,288,000USD176,320,000USD-61,936,000USD
    Begin Period Cash Flow97,684,000USD41,629,000USD282,775,000USD224,497,000USD335,772,000USD323,484,000USD147,164,000USD209,100,000USD
    End Period Cash Flow52,168,000USD97,684,000USD41,629,000USD282,775,000USD224,497,000USD335,772,000USD323,484,000USD147,164,000USD
    Other Cashflows From Investing Activities-21,050,000USD-94,531,000USD-130,111,000USD-129,678,000USD0USD-53,732,131USD204,154,000USD-4,186,869USD
    Other Cashflows From Financing Activities57,758,000USD-1,286,000USD-409,000USD282,969,000USD-36,000USD-18,750,000USD259,303,060USD-4,191,000USD
    Unclassified Operating Cash Flow-15,026,000USD-13,665,000USD6,630,000USD7,823,000USD10,883,000USD-19,454,275USD—5,149,000USD
    Unclassified Investing Cash Flow21,050,000USD94,531,000USD260,222,000USD259,356,000USD63,304,000USD53,941,131USD-204,154,000USD4,126,869USD
    Unclassified Financing Cash Flow-72,191,000USD-295,000,000USD-295,000,000USD-295,000,000USD—328,215,060USD-242,972,120USD—
    Net Borrowings—0USD0USD0USD0USD———
    Sale Purchase Of Stock—545,000,000USD295,000,000USD295,000,000USD0USD-206,121,060USD206,121,060USD—
    Investments——-130,111,000USD-129,678,000USD-63,304,000USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-09-30 · USDFY 20242024-09-30 · USDFY 20232023-09-30 · USDFY 20222022-09-30 · USDFY 20212021-09-30 · USDFY 20202020-09-30 · USD
    Net Income-410,162,000USD-629,067,000USD-32,180,557USD-2,590,948USD4,273,078USD-1,657USD
    Depreciation14,510,000USD13,432,000USD21,018,000USD20,852,000USD——
    Stock Based Compensation42,679,000USD91,609USD0USD———
    Other Non Cash Items-958,000USD389,699,000USD26,347,438USD-4,316,320USD-5,955,894USD4USD
    Change To Inventory-5,673,000USD7,255,000USD2,198,000USD———
    Change In Working Capital-9,442,000USD38,907,000USD1,989,486USD5,192,838USD-325,008USD1,120USD
    Total Cash From Operating Activities-351,702,000USD-187,077,000USD-3,843,633USD-1,714,430USD-2,007,824USD-537USD
    Capital Expenditures-417,624,000USD-72,302,000USD-3USD0USD-4USD-3USD
    Free Cash Flow-769,326,000USD-259,379,000USD-3,843,630USD-1,714,430USD-2,007,824USD-540USD
    Total Cashflows From Investing Activities-417,624,000USD-276,247,000USD231,575,349USD786,918USD-287,500,000USD—
    Net Borrowings0USD—0USD705,000USD1,121,374USD—
    Total Cash From Financing Activities531,238,000USD745,762,000USD-227,564,156USD705,000USD289,821,578USD9,551USD
    Sale Purchase Of Stock545,000,000USD773,763,000USD-230,129,156USD0USD——
    Issuance Of Capital Stock545,000,000USD—70,098,000USD0USD281,750,000USD—
    Change In Cash-238,088,000USD335,504,184USD167,560USD-222,512USD313,754USD9,014USD
    Begin Period Cash Flow335,772,000USD267,816USD100,256USD322,768USD9,014USD—
    End Period Cash Flow97,684,000USD335,772,000USD267,816USD100,256USD322,768USD9,014USD
    Other Cashflows From Investing Activities-417,624,000USD-203,945,000USD231,575,349USD786,918USD-287,500,000USD—
    Other Cashflows From Financing Activities531,238,000USD714,116,090USD231,575,349USD786,918USD6,950,204USD9,551USD
    Unclassified Operating Cash Flow11,671,000USD—-21,018,000USD-20,852,000USD——
    Unclassified Investing Cash Flow417,624,000USD—-231,575,346USD—287,500,004USD—
    Unclassified Financing Cash Flow-545,000,000USD-742,117,090USD-229,010,349USD———
    Investments——231,575,349USD786,918USD-287,500,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.