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Sable Offshore Corp.(SOC)Earnings, Financials & Key Ratios
SOC•NYSE
$13.41
$1.32B mkt cap·Price updated May 6, 2026
AboutSable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.Show more
- Revenue$0
- EBITDA-$395M-21.7%
- Net Income-$410M+34.8%
- EPS (Diluted)-4.18+40.6%
- ROE-89.31%+48.7%
- ROIC-44.64%-13.3%
- Interest Coverage-3.52+57.9%
SOC Key Insights
Sable Offshore Corp. (SOC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 84 (top 16%)
✗Weaknesses
- ✗Profits declining 999.0% over 5 years
- ✗Weak Piotroski F-Score: 2/9
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 2464.2x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SOC Price & Volume
Sable Offshore Corp. (SOC) stock price & volume — 10-year historical chart
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SOC Growth Metrics
Sable Offshore Corp. (SOC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM34.8%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM57.58%
Return on Capital
10 Years-18.3%
5 Years-18.3%
3 Years-29.39%
Last Year-37.46%
SOC Recent Earnings
Sable Offshore Corp. (SOC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (11%)●Beat Revenue 0/12 qtrs (0%)
Q1 2026Latest
Feb 27, 2026EPS
$0.39
Est $0.59
+33.9%
Revenue
—
Est $500,000
Q4 2025
Nov 13, 2025EPS
$1.11
Est $0.90
-23.3%
Revenue
$1M
Est $40M
-97.5%
Q3 2025
Aug 12, 2025EPS
$1.10
Est $0.66
-66.7%
Revenue
$2M
Est $93M
-98.4%
Q2 2025
May 13, 2025EPS
$1.05
Est $0.39
-169.2%
Revenue
—
Est $21M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 27, 2026 | $0.39vs $0.59+33.9% | —vs $500,000 |
| Q4 2025 | Nov 13, 2025 | $1.11vs $0.90-23.3% | $1Mvs $40M-97.5% |
| Q3 2025 | Aug 12, 2025 | $1.10vs $0.66-66.7% | $2Mvs $93M-98.4% |
| Q2 2025 | May 13, 2025 | $1.05vs $0.39-169.2% | —vs $21M |
Based on last 12 quarters of dataView full earnings history →
SOC Peer Comparison
Sable Offshore Corp. (SOC) competitors in Offshore Drilling Contractors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CIVI | 2.34B | 27.38 | 3.24 | 49.76% | 13.56% | 9.55% | 0.68 | |
 TALO | 2.51B | 15.05 | -5.34 | -9.8% | -42.7% | -33.21% | 0.57 | |
 VTLE | 693.32M | 17.92 | -3.78 | 26.15% | -69.28% | -74.84% | 0.95 | |
 BATL | 48.6M | 2.95 | -1.32 | -14.92% | 7.2% | 14.53% | ||
 CRC | 5.45B | 61.46 | 14.81 | 21.88% | 10.44% | 10.34% | 0.37 | |
 SD | 533.23M | 14.48 | 7.62 | 24.8% | 46.37% | 15.09% | ||
 HAL | 33.74B | 40.40 | 26.93 | -3.31% | 6.95% | 14.59% | 0.77 | |
 SLB | 82.8B | 55.16 | 23.47 | -1.6% | 9.38% | 13.88% | 0.45 |
Compare SOC vs Peers
Sable Offshore Corp. (SOC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SOC Income Statement
Sable Offshore Corp. (SOC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 21.02M | 13.43M | 14.51M |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | -21.02M▲ 0% | -13.43M▲ 36.1% | -14.51M▼ 8.0% |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | 36.09% | -8.03% |
| Operating Expenses | 0 | 1.68M | 6.15M | 73.46M | 324.98M | 393.77M |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 0 | 1.68M | 0 | 12.76M | 324.98M | 176.2M |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 6.15M | 60.69M | 0 | 217.58M |
| Operating Income | 0▲ 0% | -1.68M▲ 0% | -6.15M▼ 265.5% | -94.47M▼ 1436.1% | -338.41M▼ 258.2% | -408.28M▼ 20.6% |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | - | -265.47% | -1436.11% | -258.21% | -20.65% |
| EBITDA | -1.66K | -1.68M | -6.15M | -73.46M | -324.98M | -395.39M |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | - | -101274.46% | -265.47% | -1094.37% | -342.41% | -21.67% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 21.02M | 13.43M | 12.89M |
| EBIT | -1.66K | -1.68M | -6.15M | -93.67M | -561.8M | -310.25M |
| Net Interest Income | 0 | 16.15K | 3.99M | 4.42M | -67.31M | -88.25M |
| Interest Income | 0 | 16.15K | 3.99M | 4.42M | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 67.31M | 88.25M |
| Other Income/Expense | -1.66K | 5.96M | 4.32M | 801K | -290.7M | 9.79M |
| Pretax Income | -1.66K▲ 0% | 4.27M▲ 257980.4% | -1.83M▼ 142.9% | -93.67M▼ 5007.9% | -629.12M▼ 571.6% | -398.49M▲ 36.7% |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 757.07K | 0 | -48K | 11.67M |
| Effective Tax Rate % | 0% | 0% | -41.28% | 0% | 0.01% | -2.93% |
| Net Income | -1.66K▲ 0% | 4.27M▲ 257980.4% | -2.59M▼ 160.6% | -93.67M▼ 3515.4% | -629.07M▼ 571.6% | -410.16M▲ 34.8% |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | - | 257980.39% | -160.63% | -3515.39% | -571.56% | 34.8% |
| Net Income (Continuing) | -1.66K | 4.27M | -2.59M | -93.67M | -629.07M | -410.16M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.00▲ 0% | 0.12▲ 20100.0% | -0.07▼ 160.1% | -2.11▼ 2826.5% | -7.04▼ 233.6% | -4.18▲ 40.6% |
| EPS Growth % | - | - | -160.08% | -2826.49% | -233.65% | 40.63% |
| EPS (Basic) | -0.00 | 0.12 | -0.07 | -2.11 | -7.04 | -4.18 |
| Diluted Shares Outstanding | 2.81M | 35.94M | 35.94M | 44.44M | 89.31M | 98.18B |
| Basic Shares Outstanding | 2.81M | 35.94M | 35.94M | 44.44M | 89.31M | 98.18B |
| Dividend Payout Ratio | - | - | - | - | - | - |
SOC Balance Sheet
Sable Offshore Corp. (SOC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 304.22K | 844.65K | 188.47K | 16.21M | 355.27M | 135.7M |
| Cash & Short-Term Investments | 9.01K | 322.77K | 100.26K | 0 | 300.38M | 97.68M |
| Cash Only | 9.01K | 322.77K | 100.26K | 0 | 300.38M | 97.68M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 16.21M | 15.34M | 12.08M |
| Days Inventory Outstanding | - | - | - | 281.56 | 416.77 | 303.82 |
| Other Current Assets | 295.21K | 0 | 0 | -96.6K | 35.39M | 25.94M |
| Total Non-Current Assets | 0 | 287.59M | 290.72M | 695.37M | 1.23B | 1.61B |
| Property, Plant & Equipment | 0 | 0 | 0 | 688.96M | 1.21B | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 287.52M | 290.72M | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 78.63K | 0 | 6.4M | 16.21M | 1.61B |
| Total Assets | 304.22K▲ 0% | 288.44M▲ 94711.8% | 290.91M▲ 0.9% | 711.58M▲ 144.6% | 1.58B▲ 122.5% | 1.74B▲ 10.0% |
| Asset Turnover | - | - | - | - | - | - |
| Asset Growth % | - | 94711.84% | 0.86% | 144.61% | 122.49% | 9.96% |
| Total Current Liabilities | 280.88K | 1.23M | 6.74M | 17.9M | 120.67M | 1.02B |
| Accounts Payable | 237.25K | 275.5K | 1.66M | 3.23M | 16.81M | 0 |
| Days Payables Outstanding | - | - | - | 56.18 | 456.68 | - |
| Short-Term Debt | 43.63K | 956.12K | 1.78M | 7.51M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | -4.3M | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 7.26M | -7.51M | 35.04M | 1.02B |
| Current Ratio | 1.08x | 0.69x | 0.03x | 0.91x | 2.94x | 0.13x |
| Quick Ratio | 1.08x | 0.69x | 0.03x | - | 2.82x | 0.12x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 12.65M | 12.15M | 354.66M | 1.08B | 183.09M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 833.54M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 5.52M | 16.99M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 12.83M |
| Other Non-Current Liabilities | 0 | 12.65M | 12.15M | 349.14M | 227.79M | 170.26M |
| Total Liabilities | 280.88K | 13.88M | 18.89M | 372.56M | 1.2B | 1.21B |
| Total Debt | 43.63K | 956.12K | 1.78M | 14.18M | 851.45M | 0 |
| Net Debt | 34.61K | 633.35K | 1.68M | 14.18M | 551.06M | -97.68M |
| Debt / Equity | 1.87x | 0.00x | 0.01x | 0.04x | 2.22x | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | -8.35x | -3.52x |
| Total Equity | 23.34K▲ 0% | 274.56M▲ 1176100.8% | 272.02M▼ 0.9% | 339.02M▲ 24.6% | 384.19M▲ 13.3% | 534.3M▲ 39.1% |
| Equity Growth % | - | 1176100.85% | -0.92% | 24.63% | 13.32% | 39.07% |
| Book Value per Share | 0.01 | 7.64 | 7.57 | 7.63 | 4.30 | 0.01 |
| Total Shareholders' Equity | 23.34K | 274.56M | 272.02M | 339.02M | 384.19M | 534.3M |
| Common Stock | 719 | 287.5M | 290.35M | 0 | 8K | 15K |
| Retained Earnings | -1.66K | -12.94M | -18.33M | 0 | -698.3M | -1.11B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
SOC Cash Flow Statement
Sable Offshore Corp. (SOC) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -537 | -2.01M | -1.71M | -3.84M | -187.08M | -351.7M |
| Operating CF Margin % | - | - | - | - | - | - |
| Operating CF Growth % | - | -373796.46% | 14.61% | -124.19% | -4767.19% | -88% |
| Net Income | -1.66K | 4.27M | -2.59M | -32.18M | -629.07M | -410.16M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 13.43M | 14.51M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 42.68M |
| Deferred Taxes | 0 | 0 | 0 | 0 | -48K | 11.67M |
| Other Non-Cash Items | 0 | -5.96M | -4.32M | 26.35M | 389.7M | -958K |
| Working Capital Changes | 1.12K | -325.01K | 5.19M | 1.99M | 38.91M | -9.44M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 7.25M | -5.67M |
| Change in Payables | 0 | 275.5K | 4.35M | 2.33M | 46.05M | 3.77M |
| Cash from Investing | 0 | -287.5M | 786.92K | 231.58M | -276.25M | -417.62M |
| Capital Expenditures | 0 | 0 | 0 | 0 | -72.3M | -417.62M |
| CapEx % of Revenue | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | -203.94M | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | -287.5M | 786.92K | 231.58M | 0 | 0 |
| Cash from Financing | 9.55K | 289.82M | 705K | -227.56M | 745.76M | 531.24M |
| Debt Issued (Net) | 43.63K | 1.12M | 705K | 2.56M | -19.88M | 0 |
| Equity Issued (Net) | -34.08K | 281.75M | 0 | -230.13M | 765.64M | 531.24M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -230.13M | 0 | 0 |
| Other Financing | 0 | 6.95M | 0 | 0 | 0 | 0 |
| Net Change in Cash | 9.01K▲ 0% | 313.75K▲ 3380.7% | -222.51K▼ 170.9% | 167.56K▲ 175.3% | 335.5M▲ 200129.3% | -238.09M▼ 171.0% |
| Free Cash Flow | -540▲ 0% | -2.01M▼ 371719.3% | -1.71M▲ 14.6% | -3.84M▼ 124.2% | -259.38M▼ 6648.3% | -769.33M▼ 196.6% |
| FCF Margin % | - | - | - | - | - | - |
| FCF Growth % | - | -371719.26% | 14.61% | -124.19% | -6648.28% | -196.6% |
| FCF per Share | -0.00 | -0.06 | -0.05 | -0.09 | -2.90 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.32x | -0.47x | 0.66x | 0.04x | 0.30x | 0.86x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 426.92K | 0 | 0 | 0 |
SOC Key Ratios
Sable Offshore Corp. (SOC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -7.1% | 3.11% | -0.95% | -30.66% | -173.97% | -89.31% |
| Return on Invested Capital (ROIC) | - | -0.92% | -1.68% | -22.61% | -39.4% | -44.64% |
| Debt / Equity | 1.87x | 0.00x | 0.01x | 0.04x | 2.22x | - |
| Interest Coverage | - | - | - | - | -8.35x | -3.52x |
| FCF Conversion | 0.32x | -0.47x | 0.66x | 0.04x | 0.30x | 0.86x |
SOC SEC Filings & Documents
Sable Offshore Corp. (SOC) SEC filings — annual & quarterly reports (10-K, 10-Q)
SOC Frequently Asked Questions
Sable Offshore Corp. (SOC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Sable Offshore Corp. (SOC) grew revenue by 0.0% over the past year. Growth has been modest.
Sable Offshore Corp. (SOC) reported a net loss of $410.2M for fiscal year 2025.
Dividend & Returns
Sable Offshore Corp. (SOC) has a return on equity (ROE) of -89.3%. Negative ROE indicates the company is unprofitable.
Sable Offshore Corp. (SOC) had negative free cash flow of $639.6M in fiscal year 2025, likely due to heavy capital investments.
Explore More SOC
Sable Offshore Corp. (SOC) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates