Sable Offshore Corp
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 2024
SOC$0.75-14.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| Successor | Predecessor | |
|---|---|---|
| September 30,2024 | December 31,2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $288,232 | $— |
| Restricted cash | 35,252 | — |
| Materials and supplies | 15,838 | 16,213 |
| Prepaid expenses and other current assets | 4,828 | — |
| Total current assets | 344,150 | 16,213 |
| Oil and gas properties (Successful efforts method) | ||
| Oil and gas properties | 1,111,302 | 4,382,289 |
| Less: Accumulated depreciation, depletion and amortization | — | (3,693,325) |
| Total oil and gas properties - net | 1,111,302 | 688,964 |
| Other, net | 17,682 | 6,404 |
| Total assets | $1,473,134 | $711,581 |
| Liabilities and Stockholders’ Equity/Parent Net Investment | ||
| Accounts payable and accrued expenses | $95,601 | $5,384 |
| Due to related party, net | — | 11,370 |
| Excise tax payable | 2,308 | — |
| Other current liabilities | 361 | 1,148 |
| Total current liabilities | 98,270 | 17,902 |
| Warrant liabilities | 258,549 | — |
| Asset retirement obligations | 96,929 | 349,138 |
| Senior Secured Term Loan including paid-in-kind interest, net | 814,421 | — |
| Deferred tax liabilities | 20,646 | — |
| Other | 16,820 | 5,520 |
| Total liabilities | 1,305,635 | 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 at September 30, 2024 | — | — |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 78,789,516 issued and outstanding at September 30, 2024 | 7 | — |
| Additional paid-in capital | 849,621 | — |
| Accumulated deficit | (682,129) | — |
| Total Stockholders’ Equity/Parent Net Investment | 167,499 | 339,021 |
| Total Liabilities and Stockholders’ Equity/Parent Net Investment | $1,473,134 | $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.