Latest revenue
$1.3M
as of 2026-03-31
Latest net income
$-197.0M
as of 2026-03-31
Net margin
-15501.7%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.28B
- Enterprise value
- $2.28B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $33.29
- 52-wk low
- $3.72
- Beta
- —
- Shares out
- 154.4M
5-year trend
What this company does
Item 1. Business References in this section to “we,” “our” and “us” generally refer to Legacy Sable prior to the Business Combination and Sable after the Business Combination. Overview Sable Offshore Corp. (“Sable”) (formerly known as Flame Acquisition Corp. or “Flame”) was a blank check company originally incorporated on October 16, 2020 as a Delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses or entities. On March 1, 2021, Flame consummated an initial public offering (the “Flame IPO”), after which its securities began trading on the New York Stock…
AI summary unavailable — showing raw filing excerpt
Generated from SOC's filing dated 2026-02-27
Key risks
Item 1A. Risk Factors You should carefully consider the following risks as well as the other information included in this annual report, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and related notes thereto. Any of the following risks could materially and adversely affect our business, financial condition or results of operations. However, the selected risks described below are not the only risks facing us. Additional risks and uncertainties not currently known to us or those we currently view to be immaterial may also materially and adversely affect our business, financial condition or…
AI summary unavailable — showing raw filing excerpt
Generated from SOC's filing dated 2026-02-27
Profitability
Return on equity
-76.8%
52.2%Return on assets
-23.6%
39.6%Leverage
Debt / equity
2.26×
27.6%Long-term debt / equity
0.00×
100.0%Debt / assets
69.3%
8.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $1.3M | — | $-197.0M | -79.9% | -15501.7% |
Q4 2025 2025-12-31 | $0 | — | $-62.2M | — | — |
Q3 2025 2025-09-30 | $0 | — | $-110.4M | +56.8% | — |
Q2 2025 2025-06-30 | $0 | — | $-128.1M | +22.6% | — |
Q1 2025 2025-03-31 | $0 | — | $-109.5M | — | — |
Q3 2024 2024-09-30 | $0 | — | $-255.6M | -7422.8% | — |
Q2 2024 2024-06-30 | $0 | — | $-165.4M | -3382.7% | — |
Q3 2023 2023-09-30 | $0 | — | $-3.4M | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Crude Petroleum & Natural Gas · SIC 1311
Your notes
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Insider activity
Insider buying
$14.8M
Insider selling
$22.8M
Net activity
−$8.0M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns SOC
Institutional value
$642.3M
Total shares held
38.8M
Distinct holders
121
-86 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 9.4M | $154.6M | +2.6M (+39.5%) | Added |
| 2 | Capital International Investors | 7.6M | $125.0M | -4.0M (-34.7%) | Trimmed |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 5.5M | $90.4M | — | New |
| 4 | Capital World Investors | 2.4M | $39.1M | — | New |
| 5 | BW Gestao de Investimentos Ltda. | 2.1M | $35.2M | +661.9K (+45.1%) | Added |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.9M | $31.2M | — | New |
| 7 | UBS Group AG | 1.4M | $22.7M | -1.3M (-49.0%) | Trimmed |
| 8 | JPMORGAN CHASE & CO | 1.1M | $18.9M | +1.0M (+2941.9%) | Added |
| 9 | GM Advisory Group, LLC | 1.0M | $16.5M | +0 (+0.0%) | No change |
| 10 | VANGUARD FIDUCIARY TRUST CO | 857.4K | $14.2M | — | New |
| 11 | LPL Financial LLC | 730.5K | $12.1M | +306.3K (+72.2%) | Added |
| 12 | Nuveen, LLC | 399.1K | $6.6M | +295.8K (+286.1%) | Added |
| 13 | Bank of New York Mellon Corp | 323.7K | $5.3M | +125.0K (+62.9%) | Added |
| 14 | Invesco Ltd. | 312.9K | $5.2M | +179.0K (+133.7%) | Added |
| 15 | Kore Advisors LP | 257.2K | $4.2M | +106.1K (+70.2%) | Added |
| 16 | MIRABELLA FINANCIAL SERVICES LLP | 201.4K | $3.3M | +174.7K (+656.4%) | Added |
| 17 | Swiss National Bank | 200.0K | $3.3M | +0 (+0.0%) | No change |
| 18 | IMC-Chicago, LLC | 192.1K | $3.2M | +12.8K (+7.1%) | Added |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 173.4K | $2.9M | +21.6K (+14.3%) | Added |
| 20 | RHUMBLINE ADVISERS | 131.0K | $2.2M | +39.6K (+43.3%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once SOC's latest filing finishes processing.