Sable Offshore Corp.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
SOC$0.88-54.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| Successor | Predecessor | |
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $300,384 | $— |
| Restricted cash | 35,388 | — |
| Materials and supplies | 15,337 | 16,213 |
| Prepaid expenses and other current assets | 4,166 | — |
| Total current assets | 355,275 | 16,213 |
| Oil and gas properties (Successful efforts method) | ||
| Oil and gas properties | 1,194,447 | 4,382,289 |
| Less: Accumulated depreciation, depletion and amortization | — | (3,693,325) |
| Total oil and gas properties - net | 1,194,447 | 688,964 |
| Other, net | 33,450 | 6,404 |
| Total assets | $1,583,172 | $711,581 |
| Liabilities and Stockholders’ Equity/Parent Net Investment | ||
| Accounts payable and accrued expenses | $119,753 | $5,384 |
| Due to related party, net | — | 11,370 |
| Other current liabilities | 918 | 1,148 |
| Total current liabilities | 120,671 | 17,902 |
| Warrant liabilities | 126,941 | — |
| Asset retirement obligations | 99,683 | 349,138 |
| Senior Secured Term Loan including paid-in-kind interest, net | 833,542 | — |
| Deferred tax liabilities | 1,162 | — |
| Other | 16,988 | 5,520 |
| Total liabilities | 1,198,987 | 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 December 31, 2024 | — | — |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 89,310,996 issued and outstanding at December 31, 2024 | 8 | — |
| Additional paid-in capital | 1,082,473 | — |
| Accumulated deficit | (698,296) | — |
| Total Stockholders’ Equity/Parent Net Investment | 384,185 | 339,021 |
| Total Liabilities and Stockholders’ Equity/Parent Net Investment | $1,583,172 | $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.