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 the year with cash and cash equivalents balance of $300.4 million, exclusive of restricted cash balance of $35.4 million.Fourth Quarter 2024 Operational HighlightsEntered into an amendment to the Purchase and Sale Agreement, effectively ex
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News
- Why Sable Offshore (SOC) Is Up 46.5% After $255 Million Common Stock Offering And What's Next [Yahoo! Finance]Yahoo! Finance
- SABLE OFFSHORE ALERT: Bragar Eagel & Squire, P.C. is Investigating Sable Offshore Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Sable Offshore (NYSE:SOC) had its "buy" rating reaffirmed by analysts at Benchmark Co..MarketBeat
- Sable Offshore (NYSE:SOC) had its "buy" rating reaffirmed by analysts at Cowen Inc.MarketBeat
- California blocked Houston-based Sable Offshore's pipeline permit. Then a federal agency stepped in. [Yahoo! Finance]Yahoo! Finance
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 12/17/25 - Form 8-K
- 12/17/25 - Form EFFECT
- 12/16/25 - Form 424B3
- SOC's page on the SEC website