SOC · XBRL financial data
Sable Offshore financial statements, every fiscal year
The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SOC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Feb 12, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | — | — | — | — | 0 |
| General and administrative | — | — | — | — | 176 |
| Total operating expenses | — | — | — | — | 408 |
| Operating income (loss) | (2) | (6) | — | — | (408) |
| Interest income | 0 | 4 | — | — | — |
| Interest expense | — | — | — | — | 88 |
| Other income (expense) | — | — | — | — | 9 |
| Income tax expense (benefit) | 0 | 1 | — | — | 12 |
| Net income (loss) | 4 | (3) | — | — | (410) |
| Earnings per share, basic USD per share | — | — | — | — | (4.18) |
| Earnings per share, diluted USD per share | — | — | — | — | (4.18) |
| Weighted average shares, basic millions of shares | — | — | — | — | 98 |
| Weighted average shares, diluted millions of shares | — | — | — | — | 98 |
Balance sheet
CSVFiscal years (SOC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Feb 12, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 0 | 0 | — | 300 | 98 |
| Accounts receivable | — | — | — | — | 0 |
| Inventory | — | — | — | 0 | 12 |
| Prepaid and other current assets | — | — | — | 4 | 11 |
| Total current assets | 1 | 0 | — | 355 | 136 |
| Right-of-use asset | — | — | — | 17 | 16 |
| Total assets | 288 | 291 | — | 1,583 | 1,741 |
| Accounts payable | — | — | — | 17 | 25 |
| Accrued liabilities | 0 | 5 | — | 68 | 24 |
| Total current liabilities | 1 | 7 | — | 121 | 1,023 |
| Long-term debt | — | — | — | — | 0 |
| Lease liability, non-current | — | — | — | 17 | 19 |
| Total liabilities | 14 | 19 | — | 1,199 | 1,207 |
| Accumulated deficit | (13) | (18) | — | (698) | (1,108) |
| Total stockholders' equity | (13) | (18) | — | 384 | 534 |
| Total liabilities and equity | 288 | 291 | — | 1,583 | 1,741 |
| Common shares outstanding (cover page) millions of shares | — | 7 | 60 | 89 | 147 |
Cash flows
CSVFiscal years (SOC's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Feb 12, 2024 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | 4 | (3) | — | — | (410) |
| Stock-based compensation | — | — | — | — | 43 |
| Net cash from operating activities | (2) | (2) | — | — | (352) |
| Net cash from investing activities | (288) | 1 | — | — | (418) |
| Proceeds from issuing common stock | 288 | 288 | — | — | — |
| Share repurchases | — | 0 | — | — | — |
| Proceeds from long-term debt | 0 | 3 | — | — | — |
| Repayments of long-term debt | — | — | — | — | 0 |
| Net cash from financing activities | 290 | 1 | — | — | 531 |
Compare with peers
SIC 1311 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 1311 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Sable Offshore | 22 | 137 | 9.4* | 191.9M | 10-QJun 30, 2026 |
| Kimbell Royalty Partners | 45 | 112 | 68* | not reported | 10-QJun 30, 2026 |
| Dorchester Minerals | 73 | not reported | 64* | 49.1M | 10-QJun 30, 2026 |
| Par Pacific Holdings | 185 | 2,969 | 283* | 50.1M | 10-QJun 30, 2026 |
| Crescent Energy | 6.1 | 1,351 | 608* | 422.5M | 10-QSep 30, 2026 |
| Talos Energy | 410 | 596 | 326* | 165.8M | 10-QSep 30, 2026 |
| Atlas Energy Solutions | not reported | 268 | 23* | 125.3M | 10-QSep 30, 2026 |
| Berry Corp (bry) | 13 | 156 | 55* | 77.6M | 10-QSep 30, 2025 |
| Diversified Energy | 8.2 | 812 | 89* | 70.8M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.