Sable Offshore financials
$3.40−4.76%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $137.1M | $1.3M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross profit | $137.1M | $1.3M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross margin | 100.0% | 100.0% | — | — | — | — | — | — | — | — |
| Operating income | -$66.9M | -$118.8M | -$100.2M | -$119.4M | -$128.9M | -$59.8M | -$50.8M | -$54.6M | -$73.9M | -$170.8M |
| Net income | -$64.2M | -$197.0M | -$62.2M | -$110.4M | -$128.1M | -$109.5M | -$16.2M | -$255.6M | -$177.2M | -$191.9M |
| Net margin | −46.8% | −15501.7% | — | — | — | — | — | — | — | — |
| Diluted EPS | $-0.42 | $-1.37 | $-0.53 | $-1.11 | $-1.40 | $-1.30 | $-0.19 | $-4.11 | $-2.95 | $-3.19 |
| EBITDA | -$34.9M | -$114.8M | -$96.8M | -$116.1M | -$125.7M | -$56.8M | -$47.9M | -$49.2M | -$73.9M | -$166.6M |
| Operating cash flow | $9.4M | -$82.2M | -$98.1M | -$110.6M | -$95.0M | -$47.9M | -$37.5M | -$54.1M | -$35.3M | -$58.6M |
| Free cash flow | -$22.1M | -$103.3M | -$192.7M | -$240.7M | -$224.7M | -$111.2M | -$91.2M | -$68.6M | -$235.2M | -$262.7M |
| Diluted shares | 153.5M | 143.7M | 117.6M | 99.5M | 91.2M | 84.4M | 85.6M | 62.2M | 60.2M | 60.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $21.6M | $52.2M | $97.7M | $41.6M | $247.1M | $189.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $968.8M | $956.3M | $921.6M | $896.6M | $875.6M | $854.6M |
| Total assets | $1.76B | $1.73B | $1.74B | $1.65B | $1.77B | $1.56B |
| Total liabilities | $1.37B | $1.31B | $1.21B | $1.30B | $1.33B | $1.28B |
| Shareholders' equity | $395.0M | $421.9M | $534.3M | $348.1M | $445.6M | $280.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology