Sable Offshore Corp. Reports Third Quarter 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 third quarter 2024 financial and operational results.Third Quarter 2024 Financial HighlightsReported a net loss of $255.6 million for the quarter, primarily attributable to a non-cash 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 interest expense.Ended the quarter with 78,789,516 shares of Common Stock outstanding after successfully raising $150.0 million in gross equity capital through a private placement of 7,500,000 shares of Common Stock and raising $72.5 million in equity capital through the exercise of 6,315,977 public warrants during the quarter.Ended the quarter with outstanding debt of $814.4 million, inclusive of paid-in-kind interest, additional principal incurred from loan amendment, and debt issuance costs.Increased cash and cash equiva
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News
- 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
- Here's Greenhaven Road Capital's Investment Thesis for Sable Offshore Corp. (SOC) [Yahoo! Finance]Yahoo! Finance
- Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal Zone [Yahoo! Finance]Yahoo! Finance
- Sable Offshore Corp. Reports Third Quarter 2024 Financial and Operational Results [Yahoo! Finance]Yahoo! Finance
- Sable Offshore Corp. Continues to Coordinate with California Coastal Commission on Maintenance and Repair Work in the Coastal ZoneBusiness Wire
SOC
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form 8-K
- 11/14/24 - Form 424B3
- SOC's page on the SEC website