Sable Offshore Corp. Reports First Quarter 2024 Financial Results and Provides Operational Updates
Sable Offshore Corp. (SOC)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (NYSE: SOC, “Sable,” or the “Company”) today announced its first quarter 2024 financial and operational results and near-term operational plans.First Quarter 2024 Financial HighlightsCompleted business combination with Flame Acquisition Corp (the “Business Combination”), including the acquisition of the Santa Ynez Unit (“SYU”) comprising 16 Outer Continental Shelf leases covering approximately 76,000 acres, associated pipelines, the Las Flores Canyon Processing Facility, export pipelines Line 324 and Line 325 (formerly known as Line 901 and Line 903) and associated pump stations.Raised aggregate PIPE investments of $440.2 million, plus $62.2 million in trust from the initial public offering, for a total of $502.4 million to complete the Business Combination.Reported a net loss of $180.1 million for the quarter, primarily attributable to the Stipulation and Agreement of Settlement (described below) and expenditures related to the Busin
Show less
Read more
Impact Snapshot
Event Time:
SOC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOC alerts
High impacting Sable Offshore Corp. news events
Weekly update
A roundup of the hottest topics
SOC
News
- With 32% ownership, Sable Offshore Corp. (NYSE:SOC) has piqued the interest of institutional investors [Yahoo! Finance]Yahoo! Finance
- SABLE OFFSHORE (SOC) is on the Move, Here's Why the Trend Could be Sustainable [Yahoo! Finance]Yahoo! Finance
- Sable Offshore Corp. Reports First Quarter 2024 Financial Results and Provides Operational Updates [Yahoo! Finance]Yahoo! Finance
SOC
Sec Filings
- 6/7/24 - Form 4
- 6/5/24 - Form 4
- 5/23/24 - Form 424B3
- SOC's page on the SEC website