Sable Offshore Corp. (SOC) 10-Year Financial Performance & Capital Metrics

SOC • • Industrial / General

EnergyOil & Gas DrillingLand Drilling ContractorsNorth American Land Drillers

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 -$325M -342.4%
Net Income -$629M -571.6%
EPS (Diluted) -7.04 -233.6%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -173.97% -467.4%
ROIC -39.4% -74.3%
Debt/Equity 2.22 +5199.5%
Interest Coverage -5.03

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 2.2x
✗Weak Piotroski F-Score: 2/9
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM126.84%

EPS CAGR

10Y-

5Y-

3Y-

TTM61.45%

ROCE

10Y Avg-13.51%

5Y Avg-13.51%

3Y Avg-17.62%

Latest-31.39%

Peer Comparison

North American Land Drillers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PDSPrecision Drilling Corporation	952.86M	73.68	9.43	-1.83%	3.21%	3.53%	27.86%	0.53
SOCSable Offshore Corp.	1.46B	10.09	-1.43		9.03%	49.19%		2.22
PTENPatterson-UTI Energy, Inc.	2.71B	7.15	-2.93	29.7%	-2.81%	-4.18%	18.33%	0.37

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0
Revenue Growth %	-	-	-	-	-
Cost of Goods Sold+	0	0	0	21.02M	13.43M
COGS % of Revenue	-	-	-	-	-
Gross Profit+	0	0	0	-21.02M	-13.43M
Gross Margin %	-	-	-	-	-
Gross Profit Growth %	-	-	-	-	0.36%
Operating Expenses+	0	1.68M	6.15M	73.46M	324.98M
OpEx % of Revenue	-	-	-	-	-
Selling, General & Admin	0	1.68M	0	12.76M	324.98M
SG&A % of Revenue	-	-	-	-	-
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	0	0	6.15M	60.69M	0
Operating Income+	0	-1.68M	-6.15M	-94.47M	-338.41M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	-	-2.65%	-14.36%	-2.58%
EBITDA+	-1.66K	-1.68M	-6.15M	-73.46M	-324.98M
EBITDA Margin %	-	-	-	-	-
EBITDA Growth %	-	-1012.74%	-2.65%	-10.94%	-3.42%
D&A (Non-Cash Add-back)	0	0	0	21.02M	13.43M
EBIT	-1.66K	-1.68M	-6.15M	-93.67M	-561.8M
Net Interest Income+	0	16.15K	3.99M	4.42M	-67.31M
Interest Income	0	16.15K	3.99M	4.42M	0
Interest Expense	0	0	0	0	67.31M
Other Income/Expense	-1.66K	5.96M	4.32M	801K	-290.7M
Pretax Income+	-1.66K	4.27M	-1.83M	-93.67M	-629.12M
Pretax Margin %	-	-	-	-	-
Income Tax+	0	0	757.07K	0	-48K
Effective Tax Rate %	1%	1%	1.41%	1%	1%
Net Income+	-1.66K	4.27M	-2.59M	-93.67M	-629.07M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	2579.8%	-1.61%	-35.15%	-5.72%
Net Income (Continuing)	-1.66K	4.27M	-2.59M	-93.67M	-629.07M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-0.00	0.12	-0.07	-2.11	-7.04
EPS Growth %	-	-	-1.6%	-28.26%	-2.34%
EPS (Basic)	-0.00	0.12	-0.07	-2.11	-7.04
Diluted Shares Outstanding	2.81M	35.94M	35.94M	44.44M	89.31M
Basic Shares Outstanding	2.81M	35.94M	35.94M	44.44M	89.31M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	304.22K	844.65K	188.47K	16.21M	355.27M
Cash & Short-Term Investments	9.01K	322.77K	100.26K	0	300.38M
Cash Only	9.01K	322.77K	100.26K	0	300.38M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	0	0	0	0	0
Days Sales Outstanding	-	-	-	-	-
Inventory	0	0	0	16.21M	15.34M
Days Inventory Outstanding	-	-	-	281.56	416.77
Other Current Assets	295.21K	0	0	-96.6K	35.39M
Total Non-Current Assets+	0	287.59M	290.72M	695.37M	1.23B
Property, Plant & Equipment	0	0	0	688.96M	1.21B
Fixed Asset Turnover	-	-	-	-	-
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	287.52M	290.72M	0	0
Other Non-Current Assets	0	78.63K	0	6.4M	16.21M
Total Assets+	304.22K	288.44M	290.91M	711.58M	1.58B
Asset Turnover	-	-	-	-	-
Asset Growth %	-	947.12%	0.01%	1.45%	1.22%
Total Current Liabilities+	280.88K	1.23M	6.74M	17.9M	120.67M
Accounts Payable	237.25K	275.5K	1.66M	3.23M	16.81M
Days Payables Outstanding	-	-	-	56.18	456.68
Short-Term Debt	43.63K	956.12K	1.78M	7.51M	0
Deferred Revenue (Current)	0	0	-1000K	0	0
Other Current Liabilities	0	0	7.26M	-7.51M	35.04M
Current Ratio	1.08x	0.69x	0.03x	0.91x	2.94x
Quick Ratio	1.08x	0.69x	0.03x	-	2.82x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	0	12.65M	12.15M	354.66M	1.08B
Long-Term Debt	0	0	0	0	833.54M
Capital Lease Obligations	0	0	0	5.52M	16.99M
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	12.65M	12.15M	349.14M	227.79M
Total Liabilities	280.88K	13.88M	18.89M	372.56M	1.2B
Total Debt+	43.63K	956.12K	1.78M	14.18M	851.45M
Net Debt	34.61K	633.35K	1.68M	14.18M	551.06M
Debt / Equity	1.87x	0.00x	0.01x	0.04x	2.22x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-	-	-	-	-5.03x
Total Equity+	23.34K	274.56M	272.02M	339.02M	384.19M
Equity Growth %	-	11761.01%	-0.01%	0.25%	0.13%
Book Value per Share	0.01	7.64	7.57	7.63	4.30
Total Shareholders' Equity	23.34K	274.56M	272.02M	339.02M	384.19M
Common Stock	719	287.5M	290.35M	0	8K
Retained Earnings	-1.66K	-12.94M	-18.33M	0	-698.3M
Treasury Stock	0	0	0	0	0
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-537	-2.01M	-1.71M	-3.84M	-187.08M
Operating CF Margin %	-	-	-	-	-
Operating CF Growth %	-	-3737.96%	0.15%	-1.24%	-47.67%
Net Income	-1.66K	4.27M	-2.59M	-32.18M	-629.07M
Depreciation & Amortization	0	0	0	0	13.43M
Stock-Based Compensation	0	0	0	0	0
Deferred Taxes	0	0	0	0	-48K
Other Non-Cash Items	0	-5.96M	-4.32M	26.35M	389.7M
Working Capital Changes	1.12K	-325.01K	5.19M	1.99M	38.91M
Change in Receivables	0	0	0	0	0
Change in Inventory	0	0	0	0	7.25M
Change in Payables	0	275.5K	4.35M	2.33M	46.05M
Cash from Investing+	0	-287.5M	786.92K	231.58M	-276.25M
Capital Expenditures	0	0	0	0	-72.3M
CapEx % of Revenue	-	-	-	-	-
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	-287.5M	786.92K	231.58M	0
Cash from Financing+	9.55K	289.82M	705K	-227.56M	745.76M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	6.95M	0	0	0
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-540	-2.01M	-1.71M	-3.84M	-259.38M
FCF Margin %	-	-	-	-	-
FCF Growth %	-	-3717.19%	0.15%	-1.24%	-66.48%
FCF per Share	-0.00	-0.06	-0.05	-0.09	-2.90
FCF Conversion (FCF/Net Income)	0.32x	-0.47x	0.66x	0.04x	0.30x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	426.92K	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-7.1%	3.11%	-0.95%	-30.66%	-173.97%
Return on Invested Capital (ROIC)	-	-0.92%	-1.68%	-22.61%	-39.4%
Debt / Equity	1.87x	0.00x	0.01x	0.04x	2.22x
Interest Coverage	-	-	-	-	-5.03x
FCF Conversion	0.32x	-0.47x	0.66x	0.04x	0.30x

Frequently Asked Questions

Growth & Financials

Sable Offshore Corp. (SOC) reported $19.0M in revenue for fiscal year 2024.

Sable Offshore Corp. (SOC) grew revenue by 0.0% over the past year. Growth has been modest.

Yes, Sable Offshore Corp. (SOC) is profitable, generating $171.2M in net income for fiscal year 2024 (902.9% net margin).

Dividend & Returns

Sable Offshore Corp. (SOC) has a return on equity (ROE) of -174.0%. Negative ROE indicates the company is unprofitable.

Sable Offshore Corp. (SOC) had negative free cash flow of $538.3M in fiscal year 2024, likely due to heavy capital investments.

← Back to Screener