Sable Offshore Corp.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
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.
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Condensed Consolidated Statements of Operations
(dollars in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | ||
| Oil sales | $1,271 | $— |
| Total revenue | 1,271 | — |
| Operating Expenses | ||
| Operations and maintenance expenses | 68,033 | 34,443 |
| Depletion, depreciation, amortization and accretion | 3,942 | 3,021 |
| General and administrative expenses | 48,050 | 22,332 |
| Total operating expenses | 120,025 | 59,796 |
| Loss from operations | (118,754) | (59,796) |
| Other (income) expenses: | ||
| Change in fair value of warrant liabilities | 44,157 | 21,295 |
| Other income | (553) | (3,440) |
| Interest expense | 34,668 | 21,010 |
| Total other expense, net | 78,272 | 38,865 |
| Loss before income taxes | (197,026) | (98,661) |
| Income tax expense | — | 10,883 |
| Net loss | $(197,026) | $(109,544) |
| Basic and diluted net loss per Common Stock | ||
| Weighted average Common Stock outstanding, basic and diluted | 143,670,869 | 84,436,726 |
| Basic and diluted net loss per Common Stock | $(1.37) | $(1.30) |
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