Sable Offshore Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
SOC$0.88-54.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| Successor | Predecessor | |
|---|---|---|
| March 31,2024 | December 31,2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $209,100 | $— |
| Prepaid expenses | 3,404 | — |
| Materials and supplies | 16,637 | 16,213 |
| Total current assets | 229,141 | 16,213 |
| Oil and gas properties (Successful efforts method) | ||
| Oil and gas properties | 1,060,840 | 4,382,289 |
| Less: Accumulated depreciation, depletion and amortization | — | (3,693,325) |
| Total oil and gas properties - net | 1,060,840 | 688,964 |
| Other, net | 5,825 | 6,404 |
| Total assets | $1,295,806 | $711,581 |
| Liabilities and Stockholders’ Equity/Parent Net Investment | ||
| Accounts payable and accrued expenses | $77,985 | $5,384 |
| Due to related party, net | — | 11,370 |
| Excise tax payable | 2,308 | — |
| Other current liabilities | 1,462 | 1,148 |
| Total current liabilities | 81,755 | 17,902 |
| Warrant liabilities | 68,295 | — |
| Asset retirement obligations | 91,450 | 349,138 |
| Senior Secured Term Loan including paid-in-kind interest, net | 771,202 | — |
| Deferred tax liabilities | 14,632 | — |
| Other | 3,894 | 5,520 |
| Total liabilities | 1,031,228 | 372,560 |
| Commitments and Contingencies (Note 8) | ||
| Stockholders’ Equity/Parent Net Investment | ||
| Parent net investment | — | 339,021 |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | — | — |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 60,166,269 at March 31, 2024 | 6 | — |
| Additional paid-in capital | 525,695 | — |
| Accumulated deficit | (261,123) | — |
| Total Stockholders’ Equity/Parent Net Investment | 264,578 | 339,021 |
| Total Liabilities and Stockholders’ Equity/Parent Net Investment | $1,295,806 | $711,581 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.