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.
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Consolidated Statements of Operations
| Successor · Predecessor | |||
|---|---|---|---|
| February 14, 2024—December 31, 2024 | January 1, 2024—February 13, 2024 | Year Ended December 31, 2023 | |
| Revenue | |||
| Oil and gas sales | $— | $— | $— |
| Total revenue | — | — | — |
| Operating Expenses | |||
| Operations and maintenance expenses | 87,877 | 7,320 | 60,693 |
| Depletion, depreciation, amortization and accretion | 9,734 | 2,627 | 21,018 |
| General and administrative expenses | 229,140 | 1,714 | 12,763 |
| Total operating expenses | 326,751 | 11,661 | 94,474 |
| Loss from operations | (326,751) | (11,661) | (94,474) |
| Other expenses (income): | |||
| Change in fair value of warrant liabilities | 227,454 | — | — |
| Other (income) expense | (4,193) | 128 | (801) |
| Interest expense | 67,314 | — | — |
| Total other expense (income), net | 290,575 | 128 | (801) |
| Loss before income taxes | (617,326) | (11,789) | (93,673) |
| Income tax benefit | 48 | — | — |
| Net loss | $(617,278) | $(11,789) | $(93,673) |
| Basic and diluted net loss per Common Stock | |||
| Weighted average Common Stock outstanding, basic and diluted | 67,015,860 | n/a | n/a |
| Basic and diluted net loss per Common Stock | $(9.21) | n/a | n/a |
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