Sable Offshore Corp.
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed May 6, 2026
SOC$0.75-14.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(dollars in thousands, except par values)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $52,168 | $97,684 |
| Accounts receivable | 1,542 | — |
| Inventory | 6,306 | 12,078 |
| Materials and supplies | 14,403 | 14,658 |
| Prepaid expenses and other current assets | 10,594 | 11,282 |
| Total current assets | 85,013 | 135,702 |
| Oil and gas properties (Successful efforts method) | ||
| Oil and gas properties | 1,611,450 | 1,567,029 |
| Less: Accumulated depreciation, depletion and amortization | (9,933) | (5,977) |
| Total oil and gas properties, net | 1,601,517 | 1,561,052 |
| Other, net | 43,352 | 44,068 |
| Total assets | $1,729,882 | $1,740,822 |
| Liabilities and Stockholders’ Equity | ||
| Accounts payable and accrued liabilities | $117,324 | $99,353 |
| Senior Secured Term Loan including paid-in-kind interest, net | 956,252 | 921,584 |
| Other current liabilities | 4,234 | 2,488 |
| Total current liabilities | 1,077,810 | 1,023,425 |
| Warrant liabilities | 81,895 | 37,738 |
| Asset retirement obligations | 116,466 | 113,181 |
| Deferred tax liability | 12,833 | 12,833 |
| Other | 19,015 | 19,342 |
| Total liabilities | 1,308,019 | 1,206,519 |
| Commitments and Contingencies (Note 6) | ||
| Stockholders’ Equity | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2026 and December 31, 2025 | — | — |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 150,321,586 and 144,961,796 issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 16 | 15 |
| Additional paid-in capital | 1,727,331 | 1,642,746 |
| Accumulated deficit | (1,305,484) | (1,108,458) |
| Total Stockholders’ Equity | 421,863 | 534,303 |
| Total Liabilities and Stockholders’ Equity | $1,729,882 | $1,740,822 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.