Sable Offshore Corp. Reports 2024 Financial and Operational Results
Sable Offshore Corp. (SOC)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (“Sable,” or the “Company”) (NYSE: SOC) today announced its 2024 financial and operational results.2024 Financial HighlightsReported a net loss of $617.3 million, primarily attributable to a non-cash change in fair value of warrant liabilities related to common share price and warrant price appreciation during the year, non-cash interest expense, and production restart-related operating expenses.Ended the year with 89,310,996 shares of Common Stock outstanding, after raising $773.8 million in gross equity proceeds in 2024.Concluded the year with outstanding debt of $833.5 million, inclusive of paid-in-kind interest, additional principal incurred from the debt amendment, and debt issuance costs.Ended
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News
- Sable Offshore Corp. (NYSE: SOC) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
- Sable Offshore Corp. (NYSE: SOC) is now covered by analysts at Roth Mkm. They set a "buy" rating and a $30.00 price target on the stock.MarketBeat
- Sable Offshore Corp. (NYSE: SOC) had its "buy" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Sable Offshore Corp. (NYSE: SOC) had its "sell" rating re-affirmed by analysts at BWS Financial. They now have a $6.00 price target on the stock.MarketBeat
- Sable Offshore Corp. (NYSE: SOC) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $37.00 price target on the stock.MarketBeat
SOC
Sec Filings
- 3/17/25 - Form 8-K
- 3/17/25 - Form POS
- 3/17/25 - Form POS
- SOC's page on the SEC website