SOC revenueQ2 2026$137.13M
- QoQ
- 108x
SOC revenue was $137.13M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0 a year earlier and up about 108-fold from the prior quarter. For the full fiscal 2025 it was $0.
Sable Offshore Corp. (SOC) financials
For the twelve months ended Jun 30, 2026, Sable Offshore Corp. reported $138.40M of revenue and -$433.79M of net income.
- Revenue, TTM
- $138.40M
- Net income, TTM
- -$433.79M
- Net margin
- -313.4%
- Free cash flow, TTM
- -$558.76M
- EPS, diluted, TTM
- -$3.27
- Cash
- $21.60M
- Total debt
- $968.84M
- P/S
- 2.67
- Market cap
- $369.3M
FY2023FY2025
FY2021FY2025
FY2023FY2025
SOC revenue and earnings growth
SOC net incomeQ2 2026-$64.22M
SOC net income was -$64.22M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$128.07M a year earlier. For the full fiscal 2025 it was -$410.16M.
SOC EPSQ2 2026-$0.42
SOC diluted EPS was -$0.42 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$4.18.
SOC free cash flowQ2 2026-$22.09M
SOC free cash flow was -$22.09M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$224.69M a year earlier. For the full fiscal 2025 it was -$769.33M.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|
| Revenue | $0 | $0 | - | - |
| Selling, general and admin | $176.20M | $12.76M | - | - |
| Operating income | -$408.28M | -$94.47M | -$6.15M | -$1.68M |
| Interest expense | $88.25M | $0 | - | - |
| Pre-tax income | -$398.49M | -$93.67M | -$1.83M | $4.27M |
| Income tax | $11.67M | $0 | $757.1K | $0 |
| Net income | -$410.16M | -$93.67M | -$2.59M | $4.27M |
| EPS, basic | -$4.18 | - | - | - |
| EPS, diluted | -$4.18 | - | - | - |
| Diluted shares | 98.2M | - | - | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|
| Cash and equivalents | $97.68M | $0 | $0 | $322.8K |
| Receivables | $0 | - | - | - |
| Inventory | $12.08M | - | - | - |
| Current assets | $135.70M | $16.21M | $188.5K | $844.6K |
| Total assets | $1.74B | $711.58M | $290.91M | $288.44M |
| Current liabilities | $1.02B | $17.90M | $6.74M | $1.23M |
| Short-term debt | $921.58M | $0 | - | - |
| Long-term debt | $0 | - | - | - |
| Total debt | $921.58M | $0 | - | - |
| Total liabilities | $1.21B | $372.56M | $18.89M | $13.88M |
| Shareholders' equity | $534.30M | $339.02M | -$18.33M | -$12.94M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|
| Operating cash flow | -$351.70M | -$70.10M | -$1.71M | -$2.01M |
| Capital expenditures | $417.62M | $0 | - | - |
| Free cash flow | -$769.33M | -$70.10M | - | - |
| Investing cash flow | -$417.62M | $0 | $786.9K | -$287.50M |
| Financing cash flow | $531.24M | $70.10M | $705.0K | $289.82M |
| Share repurchases | - | $230.13M | $0 | - |
| Stock-based compensation | $42.68M | $0 | - | - |
| Depreciation and amortization | $12.89M | $21.02M | - | - |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.13M | $1.27M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general and admin | $58.52M | $48.05M | $41.83M | $36.72M | $75.32M | $22.33M | $26.23M | $33.22M | $3.66M | $3.02M | $2.95M | $3.14M |
| Operating income | -$66.89M | -$118.75M | -$100.22M | -$119.38M | -$128.89M | -$59.80M | -$54.61M | -$62.23M | -$26.44M | -$22.54M | -$22.32M | -$1.14M |
| Interest expense | $43.07M | $34.67M | $25.22M | $21.01M | $21.01M | $21.01M | $19.17M | $19.18M | $0 | $0 | $0 | $0 |
| Pre-tax income | -$37.24M | -$197.03M | -$75.84M | -$103.75M | -$120.24M | -$98.66M | -$254.71M | -$160.29M | -$25.10M | -$23.07M | -$22.31M | $2.51M |
| Income tax | $26.98M | $0 | -$13.66M | $6.63M | $7.82M | $10.88M | $865.0K | $5.15M | $0 | $0 | $0 | $473.5K |
| Net income | -$64.22M | -$197.03M | -$62.17M | -$110.38M | -$128.07M | -$109.54M | -$255.57M | -$165.44M | -$25.10M | -$23.07M | -$22.31M | -$23.19M |
| EPS, basic | -$0.42 | -$1.37 | -$0.37 | -$1.11 | -$1.40 | -$1.30 | -$4.11 | -$2.75 | - | - | - | - |
| EPS, diluted | -$0.42 | -$1.37 | -$0.37 | -$1.11 | -$1.40 | -$1.30 | -$4.11 | -$2.75 | - | - | - | - |
| Diluted shares | 153.5M | 143.7M | - | 99.5M | 91.2M | 84.4M | 62.2M | 60.2M | - | - | - | - |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $21.60M | $52.17M | $97.68M | $41.63M | $247.14M | $188.99M | $288.23M | $112.07M | $0 | $0 | $112.10M | $133.7K |
| Receivables | $50.12M | $1.54M | $0 | - | - | - | - | - | - | - | - | - |
| Inventory | $11.56M | $6.31M | $12.08M | - | - | - | - | - | - | - | - | - |
| Current assets | $107.35M | $85.01M | $135.70M | $78.02M | $308.24M | $245.07M | $344.15M | $167.09M | $16.21M | $955.8K | $235.7K | $436.8K |
| Total assets | $1.76B | $1.73B | $1.74B | $1.65B | $1.77B | $1.56B | $1.47B | $1.24B | $711.58M | $64.90M | $87.52M | $87.30M |
| Current liabilities | $446.36M | $1.08B | $1.02B | $1.06B | $1.06B | $146.93M | $98.27M | $61.26M | $17.90M | $13.02M | $10.50M | $10.59M |
| Short-term debt | $236.75M | $956.25M | $921.58M | $896.57M | $875.56M | - | - | - | $0 | - | - | - |
| Long-term debt | $732.09M | - | $0 | - | - | - | - | - | - | - | - | - |
| Total debt | $968.84M | - | $921.58M | $0 | $0 | $854.55M | $814.42M | $790.38M | $0 | - | - | - |
| Total liabilities | $1.37B | $1.31B | $1.21B | $1.30B | $1.33B | $1.28B | $1.31B | $1.12B | $372.56M | $28.18M | $16.39M | $21.39M |
| Shareholders' equity | $395.00M | $421.86M | $534.30M | $348.08M | $445.63M | $280.71M | $167.50M | $122.05M | $339.02M | -$26.40M | -$15.49M | -$20.09M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.42M | -$82.22M | -$98.13M | -$110.63M | -$95.01M | -$47.94M | - | - | -$15.48M | -$17.43M | -$36.65M | -$541.6K |
| Capital expenditures | $31.51M | $21.05M | $94.53M | $130.11M | $129.68M | $63.30M | - | - | $0 | $0 | - | - |
| Free cash flow | -$22.09M | -$103.27M | -$192.66M | -$240.74M | -$224.69M | -$111.24M | - | - | -$15.48M | -$17.43M | - | - |
| Investing cash flow | -$31.51M | -$21.05M | -$94.53M | -$130.11M | -$129.68M | -$63.30M | - | - | $0 | $0 | -$206.16M | $206.16M |
| Financing cash flow | -$8.48M | $57.76M | $248.71M | -$409.0K | $282.97M | -$36.0K | - | - | $15.48M | $17.43M | $242.78M | -$205.59M |
| Share repurchases | - | - | - | - | - | - | - | - | $0 | $24.01M | $0 | $206.12M |
| Stock-based compensation | $15.35M | $15.03M | $12.66M | $13.52M | $10.43M | $6.07M | - | - | $0 | $0 | - | - |
| Depreciation and amortization | $32.02M | $3.94M | $3.44M | $3.26M | $3.17M | $3.02M | $2.75M | $2.72M | $5.25M | $5.25M | $5.25M | $5.25M |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Sep 30, 2024 | Jun 30, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -48.8% | -9343.4% | - | - | - | - | - | - | - | - | - | - |
| Net margin | -46.8% | -15501.7% | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | -16.1% | -8125.4% | - | - | - | - | - | - | - | - | - | - |
| Current ratio | 0.24 | 0.08 | 0.13 | 0.07 | 0.29 | 1.67 | 3.50 | 2.73 | 0.91 | 0.07 | 0.02 | 0.04 |
| Debt to equity | 2.45 | - | 1.72 | 0.00 | 0.00 | 3.04 | 4.86 | 6.48 | 0.00 | - | - | - |
Source: XBRL data Sable Offshore Corp. files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
SOC peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SOC | $138.40M | - | -$433.79M | -313.4% | $369.3M |
| SHEL | $273.73B | -5.3% | $17.84B | 6.5% | $274.09B |
| TTE | $201.20B | -6.2% | $13.13B | 6.5% | $191.61B |
| PBR | $89.19B | -2.4% | $19.63B | 22.0% | $119.38B |
| CNQ | C$38.76B | +8.7% | C$10.82B | 27.9% | $100.44B |
| E | €82.15B | -7.5% | €2.61B | 3.2% | $87.24B |
| EOG | $29.73B | +31.7% | $8.19B | 27.5% | $77.17B |
| OXY | $22.00B | +7.8% | $6.53B | 29.7% | $56.35B |
| OKE | $43.19B | +36.8% | $4.07B | 9.4% | $53.71B |
SOC FAQ
7 questionsWhat is SOC revenue?
Sable Offshore Corp. (SOC) reported $138.40M of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $0.Is SOC profitable?
No. Sable Offshore Corp. reported a net loss of $433.79M for the twelve months ended Jun 30, 2026.How much cash and debt does SOC have?
Sable Offshore Corp. reported $21.60M in cash and cash equivalents and $968.84M of debt on its most recent balance sheet in SEC filings.What is SOC free cash flow?
Sable Offshore Corp. generated -$558.76M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$281.56M less capital expenditures.What is SOC earnings per share?
Diluted earnings per share were -$3.27 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.When did SOC last report financial results?
The latest statements here come from Sable Offshore Corp.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.Where does this SOC financial data come from?
Quantisnow builds these statements from the structured XBRL data Sable Offshore Corp. files with the SEC. It is provided for information only and is not investment advice.