Sable Offshore Corp.
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 2026
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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Condensed Consolidated Balance Sheets
(dollars in thousands, except par values)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $21,599 | $97,684 |
| Accounts receivable | 50,115 | — |
| Inventory | 11,558 | 12,078 |
| Materials and supplies | 14,111 | 14,658 |
| Prepaid expenses and other current assets | 9,967 | 11,282 |
| Total current assets | 107,350 | 135,702 |
| Oil and gas properties (Successful efforts method) | ||
| Oil and gas properties | 1,650,903 | 1,567,029 |
| Less: Accumulated depletion, depreciation and amortization | (39,495) | (5,977) |
| Total oil and gas properties, net | 1,611,408 | 1,561,052 |
| Other, net | 42,885 | 44,068 |
| Total assets | $1,761,643 | $1,740,822 |
| Liabilities and Stockholders’ Equity | ||
| Accounts payable and accrued liabilities | $206,679 | $99,353 |
| Term Loan—current, net | 236,749 | 921,584 |
| Other current liabilities | 2,934 | 2,488 |
| Total current liabilities | 446,362 | 1,023,425 |
| Term Loan—non-current, net | 732,087 | — |
| Warrant liabilities | 9,839 | 37,738 |
| Asset retirement obligations | 119,848 | 113,181 |
| Deferred tax liability | 39,810 | 12,833 |
| Other | 18,697 | 19,342 |
| Total liabilities | 1,366,643 | 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 June 30, 2026 and December 31, 2025 | — | — |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 154,531,910 and 144,961,796 issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 16 | 15 |
| Additional paid-in capital | 1,764,684 | 1,642,746 |
| Accumulated deficit | (1,369,700) | (1,108,458) |
| Total Stockholders’ Equity | 395,000 | 534,303 |
| Total Liabilities and Stockholders’ Equity | $1,761,643 | $1,740,822 |
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