Sable Offshore Corp. logo SOC - Sable Offshore Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 2
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $28.00 DETAILS
HIGH: $28.00
LOW: $28.00
MEDIAN: $28.00
CONSENSUS: $28.00
UPSIDE: 89.96%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Revenue
Revenue 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 68.0 4.7 3.3 3.2 3.4 2.9 2.8 2.7 4.0 17.5 5.3 5.3 5.3 0 0 0 0 0 0 0 0 0
Gross Profit (66.8) (4.7) (3.3) (3.2) (3.4) (2.9) (2.8) (2.7) (4.0) (17.5) (5.3) (5.3) (5.3) 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 48.0 41.8 36.7 75.3 22.3 47.9 26.2 33.2 135.4 3.7 3.0 2.9 3.1 0 1.3 0.3 0.4 0 0.3 0.4 0.1 0
Other Expenses 3.9 53.7 79.4 50.4 34.0 0 25.6 26.3 31.4 5.3 14.3 14.1 14.8 4.1 0 0 0 0.8 0 0 0 0.3
Operating Expenses 52.0 95.6 116.1 125.7 56.4 47.9 51.9 59.5 166.8 8.9 17.3 17.1 17.9 4.1 1.3 0.3 0.4 0.8 0.3 0.4 0.1 0.3
Operating Income
Operating Income (118.8) (100.2) (119.4) (128.9) (59.8) (50.8) (54.6) (62.2) (170.8) (26.4) (22.5) (22.3) (23.2) (4.1) (1.3) (0.3) (0.4) (0.8) (0.3) (0.4) (0.1) (0.3)
Interest Expense 34.1 25.2 21.0 21.0 21.0 (38.3) 19.2 19.2 67.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 (0.0) 0 0 0 0.6 0.7 0.8 2.3 2.4 1.2 0.4 0.0 0.0 0.0 0.0 0.0 0.0
Profitability
EBITDA (114.8) (48.4) (79.1) (95.6) (74.2) (13.6) (232.8) (138.4) (164.7) (19.8) (17.8) (17.1) (17.9) 0 (1.3) (0.3) (0.4) 0 (0.3) (0.4) (0.1) 0
EBIT (118.8) (50.6) (82.7) (99.2) (77.7) (16.5) (235.5) (141.1) (168.7) (25.1) (23.1) (22.3) (23.2) (4.1) (1.3) (0.3) (0.4) (0.8) (0.3) (0.4) (0.1) (0.0)
Income Before Tax (197.0) (75.8) (103.7) (120.2) (98.7) (35.7) (254.7) (160.3) (178.5) (25.1) (23.1) (22.3) (23.2) (11.4) 0.3 2.8 6.4 (0.7) 10.1 (5.3) 0.1 (0.0)
Income Tax Expense 0 (13.7) 6.6 7.8 10.9 (19.5) 0.9 5.1 13.4 0 0 0 0 0.2 0.5 0 0 0 0 0 0 0
Net Income (197.0) (62.2) (110.4) (128.1) (109.5) (16.2) (255.6) (165.4) (191.9) (25.1) (23.1) (22.3) (23.2) (11.6) (0.2) 2.8 6.4 (0.7) 10.1 (5.3) 0.1 (0.0)
Per Share Data
EPS (Basic) -1.37 -0.43 -1.21 -1.40 -1.30 -0.18 -4.11 -2.75 -3.19 -0.56 -0.52 -0.50 -0.81 -0.32 -0.01 0.08 0.18 -0.02 0.28 -0.15 0.01 -0.00
EPS (Diluted) -1.37 -0.43 -1.21 -1.40 -1.30 -0.18 -4.11 -2.75 -3.19 -0.56 -0.52 -0.50 -0.81 -0.32 -0.01 0.08 0.18 -0.02 0.28 -0.15 0.01 -0.00
Shares Outstanding 98.2 98.2 91.2 91.2 84.4 89.3 62.2 60.2 60.2 44.4 44.4 44.4 28.7 35.9 35.9 35.9 35.9 35.9 35.9 35.9 16.3 6.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 52.2 97.7 41.6 247.1 189.0 300.4 288.2 112.1 209.1 0.3 0.7 0.1 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.1 0.8 0.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 6.3 12.1 25.1 20.5 15.1 15.3 15.8 16.6 16.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 25.0 25.9 11.3 40.6 41.0 35.4 40.1 35.1 0 0 0 0 0.1 0 0 0 0 0 0 0 0 (0.5)
Total Current Assets 85.0 135.7 78.0 308.2 245.1 355.3 344.1 167.1 229.1 0.4 1.0 0.2 0.4 0.2 0.4 0.6 0.8 0.8 0.8 0.6 1.8 0.0
Non-Current Assets
Property, Plant & Equipment 0 0 0 1,427.0 1,282.6 1,211.7 1,111.3 1,068.3 1,060.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 63.9 0 0 290.7 0 0 0 287.5 287.5 0 0 0
Other Non-Current Assets 1,644.9 1,605.1 1,571.6 36.8 34.5 16.2 17.7 5.5 5.8 63.6 0 87.3 86.9 0 288.8 287.7 287.5 0.1 0.2 287.8 287.5 0.2
Total Non-Current Assets 1,644.9 1,605.1 1,571.6 1,463.8 1,317.1 1,227.9 1,129.0 1,073.8 1,066.7 63.6 63.9 87.3 86.9 290.7 288.8 287.7 287.5 287.6 287.7 287.8 287.5 0.2
Total Assets 1,729.9 1,740.8 1,649.6 1,772.0 1,562.2 1,583.2 1,473.1 1,240.9 1,295.8 63.9 64.9 87.5 87.3 290.9 289.2 288.3 288.4 288.4 288.5 288.4 289.3 0.2
Current Liabilities
Account Payables 0 0 0 62.2 56.1 16.8 22.8 4.8 78.0 7.0 0 2.3 2.3 1.7 1.1 0.2 0.3 0.3 0 0.3 0.7 0.2
Short-Term Debt 0 0 0 875.6 0 0 0 0 0 7.5 3.8 2.2 2.3 1.8 1.3 1.3 1.3 1.0 0.4 0 0 0.4
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.3) 0 0 0 0 0 0 0 0
Other Current Liabilities 1,077.8 1,023.4 1,061.7 0 0 35.0 0.4 36.4 (3.2) 0 8.5 4.0 3.9 7.3 0 0 0 0 0.3 0 0 (0.3)
Total Current Liabilities 1,077.8 1,023.4 1,061.7 1,062.4 146.9 120.7 98.3 61.3 81.8 16.8 13.0 10.5 10.6 6.7 2.9 1.4 1.5 1.2 0.7 0.3 0.7 0.2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 854.6 833.5 814.4 790.4 771.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 12.8 12.8 26.5 19.9 12.0 0 20.6 19.8 14.6 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 217.4 170.3 213.4 226.6 250.8 227.8 372.3 247.4 163.6 39.2 15.2 92.5 96.8 12.1 2.6 290.6 293.3 12.6 12.8 283.1 283.6 0
Total Non-Current Liabilities 230.2 183.1 239.9 264.0 1,134.6 1,078.3 1,207.4 1,057.6 949.5 39.2 15.2 92.5 96.8 12.1 2.6 290.6 293.3 12.6 12.8 283.1 283.6 0
Total Liabilities 1,308.0 1,206.5 1,301.6 1,326.4 1,281.5 1,199.0 1,305.6 1,118.9 1,031.2 56.0 28.2 103.0 107.4 18.9 5.5 292.0 294.8 13.9 13.4 283.4 284.3 0.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 63.5 63.1 0.0 0.0 290.3 288.3 0.0 0.0 287.5 287.5 0.0 0.0 0.0
Retained Earnings (1,305.5) (1,108.5) (1,046.3) (935.9) (807.8) (698.3) (682.1) (426.6) (261.1) (55.6) (26.4) (15.5) (20.1) (18.3) (4.6) (3.7) (6.5) (12.9) (12.4) (5.2) 0.1 (0.0)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 421.9 534.3 348.1 445.6 280.7 384.2 167.5 122.0 264.6 7.9 36.7 (15.5) (20.1) 272.0 283.7 (3.7) (6.5) 274.6 275.1 5.0 5.0 0.0
Total Liabilities & Equity 1,729.9 1,740.8 1,649.6 1,772.0 1,562.2 1,583.2 1,473.1 1,240.9 1,295.8 63.9 64.9 87.5 87.3 290.9 289.2 288.3 288.4 288.4 288.5 288.4 289.3 0.2
Debt Metrics
Total Debt 0 0 0 894.2 872.8 851.4 814.4 790.4 771.2 7.5 3.8 2.2 2.3 1.8 1.3 1.3 1.3 1.0 0.4 0 0 0.4
Net Debt (52.2) (97.7) (41.6) 647.0 683.8 551.1 526.2 678.3 562.1 7.2 3.1 2.1 2.1 1.7 1.1 1.0 0.9 0.6 0.1 (0.1) (0.8) 0.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Operating Activities
Net Income (197.0) (62.2) (110.4) (128.1) (109.5) (16.2) (255.6) (0.2) (0.2) (28.8) (23.1) (22.3) (23.2) (11.6) (0.2) 2.8 6.4 (0.7) 10.1 (0.0) 0.1 (0.0)
Depreciation & Amortization 4.3 3.8 3.7 3.6 3.4 2.9 2.8 2.7 0.0 0 5.3 5.3 5.3 0 0 0 0 0 0 0 0 0
Stock-Based Compensation 0 12.7 13.5 10.4 6.1 0 0 22.9 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 16.6 (15.5) (10.3) 17.4 (1.1) (0.3) 1.2 (23.4) 61.4 0.2 0.4 (0.4) (1.8) 3.5 1.6 (0.0) 0.1 0.1 0.2 0.0 (0.3) 0
Other Non-Cash Items 93.6 (23.3) (13.8) (6.1) 42.3 (4.4) 219.0 (64.9) (121.4) 27.2 0 0 0 7.3 (1.6) (3.1) (6.8) (0.2) (10.4) 0.0 (0.2) 0.0
Operating Cash Flow (82.4) (98.1) (110.6) (95.0) (47.9) (37.5) (31.7) (57.7) (60.1) (1.4) (17.4) (17.4) (19.7) (0.9) (0.2) (0.3) (0.3) (0.8) (0.2) (0.0) (0.4) 0
Investing Activities
Capital Expenditure (21.1) (94.5) (130.1) 0 (63.3) (53.7) (14.4) (4.1) 0 0 0 0 0 0 (0.0) (0.0) 0 0 (0.0) 0 (0.0) 0
Acquisitions 0 0 0 0 0 0.2 (204.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (287.5) 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 204.2 (4.2) (204.1) 1.0 0 0 0 0.5 0.1 0.2 0.0 0 0 0 0 0
Investing Cash Flow (21.1) (94.5) (130.1) (129.7) (63.3) (53.5) (14.4) (4.2) (204.1) 1.0 0 0 0 0.5 0.1 0.2 0.0 0 0 0 (287.5) 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 (18.8) 0 0 0 0 0.4 0 0 0.3 0.8 0.4 0 (0.0) 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 (1.3) (0.4) 0 0 0 0 0 (1.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 58.0 248.7 (0.4) 283.0 (0.0) 103.3 222.5 0 420.0 0 17.4 17.4 19.7 0.4 0 0 0.3 0.8 0.4 0 288.7 0
Cash Position
Net Change in Cash (45.5) 56.1 (241.1) 58.3 (111.3) 12.3 176.3 (61.9) 208.8 (0.4) 0.6 (0.0) 0.0 (0.0) (0.1) (0.2) 0.0 0.0 0.2 (0.0) 0.8 0.0
Cash at Beginning 97.7 41.6 282.8 224.5 335.8 323.5 147.2 209.1 0.3 0.7 0.1 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.1 0.0 0.0 0
Cash at End 52.2 97.7 41.6 282.8 224.5 335.8 323.5 147.2 209.1 0.3 0.7 0.1 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.0 0.8 0.0
Free Cash Flow (103.5) (192.7) (240.7) (95.0) (111.2) (91.3) (46.1) (61.9) (60.1) (1.4) (17.4) (17.4) (19.7) (0.9) (0.2) (0.3) (0.3) (0.8) (0.2) (0.0) (0.4) 0
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Income Statement
Revenue 1.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (66.8) (4.7) (3.3) (3.2) (3.4) (2.9) (2.8) (2.7) (4.0) (17.5) (5.3) (5.3) (5.3) 0 0 0 0 0 0 0 0 0
Operating Income (118.8) (100.2) (119.4) (128.9) (59.8) (50.8) (54.6) (62.2) (170.8) (26.4) (22.5) (22.3) (23.2) (4.1) (1.3) (0.3) (0.4) (0.8) (0.3) (0.4) (0.1) (0.3)
Net Income (197.0) (62.2) (110.4) (128.1) (109.5) (16.2) (255.6) (165.4) (191.9) (25.1) (23.1) (22.3) (23.2) (11.6) (0.2) 2.8 6.4 (0.7) 10.1 (5.3) 0.1 (0.0)
EPS (Diluted) -1.37 -0.43 -1.21 -1.40 -1.30 -0.18 -4.11 -2.75 -3.19 -0.56 -0.52 -0.50 -0.81 -0.32 -0.01 0.08 0.18 -0.02 0.28 -0.15 0.01 -0.00
Balance Sheet
Cash & Equivalents 52.2 97.7 41.6 247.1 189.0 300.4 288.2 112.1 209.1 0.3 0.7 0.1 0.1 0.1 0.1 0.2 0.4 0.3 0.3 0.1 0.8 0.0
Total Assets 1,729.9 1,740.8 1,649.6 1,772.0 1,562.2 1,583.2 1,473.1 1,240.9 1,295.8 63.9 64.9 87.5 87.3 290.9 289.2 288.3 288.4 288.4 288.5 288.4 289.3 0.2
Total Debt 0 0 0 894.2 872.8 851.4 814.4 790.4 771.2 7.5 3.8 2.2 2.3 1.8 1.3 1.3 1.3 1.0 0.4 0 0 0.4
Stockholders' Equity 421.9 534.3 348.1 445.6 280.7 384.2 167.5 122.0 264.6 7.9 36.7 (15.5) (20.1) 272.0 283.7 (3.7) (6.5) 274.6 275.1 5.0 5.0 0.0
Cash Flow
Operating Cash Flow (82.4) (98.1) (110.6) (95.0) (47.9) (37.5) (31.7) (57.7) (60.1) (1.4) (17.4) (17.4) (19.7) (0.9) (0.2) (0.3) (0.3) (0.8) (0.2) (0.0) (0.4) 0
Capital Expenditure (21.1) (94.5) (130.1) 0 (63.3) (53.7) (14.4) (4.1) 0 0 0 0 0 0 (0.0) (0.0) 0 0 (0.0) 0 (0.0) 0
Free Cash Flow (103.5) (192.7) (240.7) (95.0) (111.2) (91.3) (46.1) (61.9) (60.1) (1.4) (17.4) (17.4) (19.7) (0.9) (0.2) (0.3) (0.3) (0.8) (0.2) (0.0) (0.4) 0