Sable Offshore Corp.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

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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Contents

Consolidated Statements of Operations

(dollars in thousands, except per share data)

Successor · Predecessor
	Year Ended December 31, 2025	February 14—December 31, 2024	January 1—February 13, 2024	Year Ended December 31, 2023
Revenue
Oil and gas sales	$—	$—	$—	$—
Total revenue	—	—	—	—
Operating Expenses
Operations and maintenance expenses	219,198	87,877	7,320	60,693
Depletion, depreciation, amortization and accretion	12,888	9,734	2,627	21,018
General and administrative expenses	176,197	229,140	1,714	12,763
Total operating expenses	408,283	326,751	11,661	94,474
Loss from operations	(408,283)	(326,751)	(11,661)	(94,474)
Other (income) expenses:
Change in fair value of warrant liabilities	(89,203)	227,454	—	—
Other (income) expense, net	(8,834)	(4,193)	128	(801)
Interest expense	88,245	67,314	—	—
Total other (income) expense, net	(9,792)	290,575	128	(801)
Loss before income taxes	(398,491)	(617,326)	(11,789)	(93,673)
Income tax expense (benefit)	11,671	(48)	—	—
Net loss	$(410,162)	$(617,278)	$(11,789)	$(93,673)
Basic and diluted net loss per Common Stock
Weighted average Common Stock outstanding, basic and diluted	98,179,703	67,015,860	n/a	n/a
Basic and diluted net loss per Common Stock	$(4.18)	$(9.21)	n/a	n/a

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.