For the quarter ending 2026-03-31, SOC made $1,271,000 in revenue. -$197,026,000 in net income. Net profit margin of -15501.65%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 1,271,000 | 0* | 0 | 0 |
| Operations and maintenance expenses | 68,033,000 | 24,493,500* | 79,405,000 | 50,398,000 |
| Depreciation, depletion, amortization and accretion | 3,942,000 | 3,241,500* | 3,259,000 | 3,172,000 |
| General and administrative expenses | 48,050,000 | 8,141,500* | 36,719,000 | 75,318,000 |
| Total operating expenses | 120,025,000 | 35,876,500* | 119,383,000 | 128,888,000 |
| Loss from operations | -118,754,000 | -35,876,500* | -119,383,000 | -128,888,000 |
| Change in fair value of warrant liabilities | 44,157,000 | 3,741,500* | -34,817,000 | -27,146,000 |
| Other income | 553,000 | 2,330,000* | 1,828,000 | 2,508,000 |
| Interest expense | 34,668,000 | 25,216,500* | 21,010,000 | 21,009,000 |
| Total other expense, net | -78,272,000 | -26,628,000* | 15,635,000 | 8,645,000 |
| Loss before income taxes | -197,026,000 | -62,504,500* | -103,748,000 | -120,243,000 |
| Income tax expense | 0 | -10,008,500* | 6,630,000 | 7,823,000 |
| Net loss | -197,026,000 | -52,496,000 | -110,378,000 | -128,066,000 |
| Basic EPS | -1.37 | -0.506 | -1.11 | -1.4 |
| Diluted EPS | -1.37 | -0.506 | -1.11 | -1.4 |
| Basic Average Shares | 143,670,869 | 103,829,123 | 99,485,641 | 91,224,345 |
| Diluted Average Shares | 143,670,869 | 103,829,123 | 99,485,641 | 91,224,345 |
Sable Offshore Corp. (SOC)
Sable Offshore Corp. (SOC)