Sable Offshore Corp. Reports Second Quarter 2024 Financial and Operational Results [Yahoo! Finance]
Sable Offshore Corp. (SOC)
Company Research
Source: Yahoo! Finance
Second Quarter 2024 Financial Highlights Reported a net loss of $165.4 million for the quarter, primarily attributable to change in fair value of warrant liabilities related to common share price and warrant price appreciation during the quarter, production restart related operating expenses, and share based compensation. Ended the quarter with 64,845,435 shares of Common Stock outstanding, inclusive of 4,679,166 restricted stock awards. Ended the quarter with outstanding debt of $790.4 million, inclusive of paid-in-kind interest and debt issuance costs, and cash and cash equivalents balance of $112.1 million, exclusive of restricted cash balance of $35.1 million. Second Quarter 2024 Operational Highlights Received final approval for the assignment of ownership and operatorship of the Santa Ynez Unit ("SYU") comprising 16 Outer Continental Shelf leases covering approximately 76,000 acres and three production platforms from the Bureau of Ocean Energy Management and the Burea
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News
- Sable Offshore Corp. Announces Redemption of Public WarrantsBusiness Wire
- Sable Offshore Corp. (NYSE: SOC) had its price target raised by analysts at Benchmark Co. from $24.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Sable Offshore Corp. Announces $150 Million Private Placement of Shares and Update on Warrant ExercisesBusiness Wire
- Sable Offshore Corp. (NYSE: SOC) had its price target raised by analysts at Jefferies Financial Group Inc. from $19.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- Sable Offshore Corp. Reports Second Quarter 2024 Financial and Operational ResultsBusiness Wire
SOC
Sec Filings
- 10/3/24 - Form 424B3
- 10/3/24 - Form 8-K
- 10/3/24 - Form 424B3
- SOC's page on the SEC website