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Sable Offshore Corp. (SOC)

For the quarter ending 2025-06-30.

Overview

Net Income
-$128,066K
EPS
-$1.4
Unit: Thousand (K) dollars

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2024-09-30
2024-06-30
Total revenue- - -
Operations and maintenance expenses50,398 25,629 26,294
General and administrative expenses75,318 26,225 33,217
Depreciation, depletion, amortization and accretion3,172 2,755 2,724
Total operating expenses128,888 54,609 62,235
Loss from operations-128,888 -54,609 -62,235
Other (income) expense, net2,508 -2,728 2,301
Interest expense21,009 19,169 19,175
Change in fair value of warrant liabilities-27,146 178,199 81,178
Nonoperating income (expense)8,645 -200,096 -98,052
Loss before income taxes-120,243 -254,705 -160,287
Income tax expense7,823 865 5,149
Net loss-128,066 -255,570 -165,436
Basic net loss per common stock (in dollars per share)-1.4 -4.11 -2.75
Diluted net loss per common stock (in dollars per share)-1.4 -4.11 -2.75
Weighted average common stock outstanding, basic (in shares)91,224,345 62,166,298 60,166,269
Weighted average common stock outstanding, diluted (in shares)91,224,345 62,166,298 60,166,269
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net loss-$128,066K (22.59%↑ Y/Y)Change in fair value ofwarrant liabilities-$27,146K (-133.44%↓ Y/Y)Other (income)expense, net$2,508K (9.00%↑ Y/Y)Loss before incometaxes-$120,243K (24.98%↑ Y/Y)Income tax expense$7,823K (51.93%↑ Y/Y)Nonoperating income(expense)$8,645K (108.82%↑ Y/Y)Interest expense$21,009K (9.56%↑ Y/Y)Loss from operations-$128,888K (-107.10%↓ Y/Y)Total operatingexpenses$128,888K (107.10%↑ Y/Y)Depreciation, depletion,amortization and accretion$3,172K (16.45%↑ Y/Y)General andadministrative expenses$75,318K (126.75%↑ Y/Y)Operations and maintenanceexpenses$50,398K (91.67%↑ Y/Y)