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Companies / Energy / Sable Offshore Corp.
SOC

Sable Offshore Corp.

EnergyOil & Gas Extraction
Ticker SOCHOUSTON, TXFiscal year ends DecemberBook value per share $2.66Diluted shares 148.6M

Sable Offshore Corp. (NYSE: SOC) owns and operates the Santa Ynez Unit (SYU), an offshore oil and natural gas production area in federal waters off California, and the associated Santa Ynez Pipeline System. Its assets include 16 federal leases, three production platforms, offshore and onshore pipelines, and processing… From the company’s description.

In fiscal 2025, Sable Offshore Corp. reported a net loss of $410.16M. Operations used $351.70M in cash. Over the twelve months to Jun 30, 2026, revenue was $138.40M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2023The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.00MFY2025
Last 12 mo $138.40M
0.00%FY2025
Last 12 mo -292.82%
$-410.16MFY2025
−1174.6% year over year
Last 12 mo $-433.79M
-76.77%FY2025
−134.7 percentage points
Last 12 mo -109.82%
Cash & financing
$-351.70MFY2025
−9050.2% year over year
Last 12 mo $-281.56M
$-769.33MFY2025
−19915.6% year over year
Last 12 mo $-558.76M
1.72FY2025
Was -0.14× a year earlier
Last 12 mo 2.45
98.2MFY2025
+803.2% year over year
Last 12 mo 148.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Sable Offshore Corp. does

In the company’s own words

Sable Offshore Corp. (NYSE: SOC) owns and operates the Santa Ynez Unit (SYU), an offshore oil and natural gas production area in federal waters off California, and the associated Santa Ynez Pipeline System. Its assets include 16 federal leases, three production platforms, offshore and onshore pipelines, and processing and storage facilities; customers for its crude oil include refinery markets reached through the pipeline system. Production restarted from six wells on Platform Harmony in May 2025, with oil flowing to the company’s onshore facilities. The integrated SYU assets are its principal operating business, with no reportable segments described. The onshore facilities process crude oil and natural gas, treat produced water, and provide storage and transportation infrastructure. Sable acquired the assets from Exxon Mobil and Mobil Pacific Pipeline in February 2024, after the SYU had been shut in since 2015 following a pipeline incident. In 2025, the company produced oil from the SYU as it worked to restore operations. Its website is www.sableoffshore.com.

Company details
Sector
Energy
Industry (SIC)
Oil & Gas Extraction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1831481
SIC
1311

Financial performance, year by year

Fiscal 2021–2025 · USD
$-491.01M$-319.36M$-147.70M$23.96M$195.61M2021202220232025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Sable Offshore Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

125
funds hold it
0 of 35
superinvestors hold it
$173.80M
held by funds, at market
16.9%
of shares held by funds

Largest fund holders · Sable Offshore Corp.’s weight in each

0.03%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
0.48%of fund net assets
VANGUARD ENERGY INDEX FUND
VDE · VANGUARD WORLD FUND
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Sable Offshore Corp. and its peers compare on margins and cash generation over ten years?”
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