SOC

HOUSTON, May 06, 2026--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company")(NYSE: SOC) today announced its first quarter 2026 financial results. First Quarter 2026 Financial Highlights Successfully resumed sales of American oil from the Santa Ynez Unit in accordance with the Defense Production Act order from the U.S. Department of Energy. Reported a net loss of $197.0 million, primarily driven by operating expenses associated with the resumption of oil transportation through the Santa Ynez Pipeline System (the "SYPS") and the resumption of oil sales, as well as general and administrative expenses, non-cash interest expense of $34.7 million, and a non-cash loss on the change in fair value of warrant liabilities of $44.2 million. Concluded the quarter with short-term outstanding debt of $956.3 million, inclusive of paid-in-kind interest. Ended the quarter with cash and cash equivalents balance of $52.2 million and accounts payable balance of $37.7 million. Capital Expenditures incurred in the first quarter were approximately $44.4 million, including $21.2 million in one-time costs attributable to filling Segments 324 and 325 of the SYPS, of which $6.5 million was non-cash. Cash payments for capital expenditures totaled $21.1 million for the first quarter of 2026. Ended the quarter with 150,321,586 shares of Common Stock outstanding. To date, Sable has sold 7,000,634 shares of its common stock for gross proceeds of approximately $95.0 million through its ATM common stock issuance program. Sable continues to progress discussions related to the debt refinancing of its Senior Secured Term Loan, expected to be completed in Q2 2026. About Sable Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California. Forward-Looking Statements The information in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "continue," "plan," "forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expre...

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Sable Offshore Corp. (NYSE:SOC) is among the 10 Best Oil & Gas Drilling Stocks to Buy. On February 27, 2026, Sable Offshore Corp. (NYSE:SOC) announced a net loss of $410.2 million for the fiscal year 2025. The corporation ascribed the loss to production restart operating expenses, general and administrative costs, and non-cash interest expense. On May 15, 2025, the firm restarted production at the Santa Ynez Unit and resumed oil flow into Las Flores Canyon. The company executed anomaly repairs and hydrotests on Pipeline Segments 324 and 325, meeting the Consent Decree criteria. The company finished 2025 with $921.6 million in short-term debt and $97.7 million in cash. On February 26, 2026, Roth Capital announced that California Judge Donna Geck turned down Sable Offshore Corp. (NYSE:SOC)'s plea to dissolve a preliminary injunction on the Las Flores Canyon onshore pipelines. The preliminary verdict was issued ahead of the scheduled February 27 hearing. Roth Capital said that the company's shares are being hit hard in response to the news. The firm is still pursuing federal avenues to restart its onshore pipeline network and maintains that the hearing is not critical to that goal. Roth Capital maintains a Buy rating on Sable Offshore Corp. (NYSE:SOC), with a price objective of $22. Sable Offshore Corp. (NYSE:SOC) is involved in offshore oil and gas field operations. Its primary goal is to develop the Santa Ynez Unit in federal waters off the California coast. While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 15 Best Electric Utility Stocks to Invest In Now and 11 Most Volatile Stocks to Buy According to Hedge Funds. Disclosure: None. Follow Insider Monkey on Google News.

HOUSTON, February 27, 2026--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company")(NYSE: SOC) today announced its full year 2025 operational and financial results. 2025 Operational and Financial Highlights On May 19, 2025, we announced that (i) as of May 15, 2025, we had restarted production at the Santa Ynez Unit and begun flowing oil production to Las Flores Canyon and (ii) we completed our anomaly repair program on Pipeline Segments 324 and 325 of the Santa Ynez Pipeline System as specified by the Consent Decree. On May 23, 2025, we closed an upsized underwritten public offering of 10,000,000 shares of Common Stock at a public offering price of $29.50 per share. The gross proceeds from the offering, before deducting discounts and commissions and estimated expenses, were approximately $295.0 million. On May 28, 2025, we announced that we successfully completed hydrotests of all segments of the Santa Ynez Pipeline System, satisfying the final operational condition to resume petroleum transportation through Pipeline Segments 324 and 325 as outlined in the Consent Decree. As an alternative to the Santa Ynez Pipeline System, we announced that we are also pursuing an OS&T strategy to provide access to domestic and global markets via shuttle tankers for federal crude oil produced from the Santa Ynez Unit in the Pacific Outer Continental Shelf Area. On November 10, 2025, we entered into subscription agreements to issue 45,454,546 shares of Common Stock in a private placement to institutional investors at a purchase price of $5.50 per share, raising $250.0 million in gross proceeds. On November 24, 2025, we satisfied all conditions to effectiveness of the Second Amendment to the Senior Secured Term Loan, thereby extending the maturity date of the Senior Secured Term Loan to the earlier of (i) March 31, 2027 or (ii) the date falling 90 days after first sales of hydrocarbons. The Second Amendment increased the interest rate from ten percent (10%) per annum to fifteen percent (15%) per annum, compounded annually. On December 17, 2025, PHMSA notified us that it concurred with our determination that the Santa Ynez Pipeline System is an interstate pipeline facility under the Pipeline Safety Act, pursuant to which PHMSA is vested with exclusive regulatory authority over interstate pipelines. In its notification, PHMSA additionally states that it considers the...

HOUSTON, November 13, 2025--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company")(NYSE: SOC) today announced its third quarter 2025 operational and financial results. Third Quarter 2025 Financial Highlights Reported a net loss of $110.4 million, primarily attributable to production restart-related operating expenses and non-cash interest expense, partially offset by a non-cash gain in the fair value of warrant liabilities. Ended the quarter with 99,507,250 shares of Common Stock outstanding. Concluded the quarter with short-term outstanding debt of $896.6 million, inclusive of paid-in-kind interest. Ended the quarter with cash and cash equivalents balance of $41.6 million. About Sable Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California. Forward-Looking Statements The information in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "continue," "plan," "forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements will contain such identifying words. These statements are based on the current beliefs and expectations of Sable’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause Sable’s actual results to differ materially from those described in the forward-looking statements include: the ability to recommence full production of the SYU assets, including the implementation of an Offshore Storage and Treating Vessel ("OS&T") strategy; our ability to recommence sales of oil, the cost and time required therefor, and production levels once recommenced; availability of future financing; our financial performance; our ability to satisfy the closing conditions for effectiveness of the Amendment to our Senior Secured Term Loan Agreement; global...

HOUSTON, August 12, 2025--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company")(NYSE: SOC) today announced its second quarter 2025 operational and financial results. Second Quarter 2025 Operational Highlights On May 19, 2025, the Company announced that as of May 15, 2025, it had restarted production at the Santa Ynez Unit ("SYU") and begun flowing oil production to Las Flores Canyon. Additionally, on May 19, 2025 the Company announced that it completed its anomaly repair program on the Las Flores Pipeline System (the "Onshore Pipeline") as specified by the Consent Decree, the governing document for the restart and operations of the Onshore Pipeline. On May 28, 2025 Sable announced that it successfully completed hydrotests of all segments of the Onshore Pipeline, satisfying the final operational condition for the restart of the Onshore Pipeline as outlined in the Consent Decree. Sable flowed approximately 130,000 barrels of oil from Platform Harmony into storage at Las Flores Canyon during Q2 2025. Subsequently, Sable flowed an additional ~220,000 barrels of oil into storage at Las Flores Canyon as of August 8, 2025. SYU wells on Platform Harmony continue to produce in line with previously disclosed production rates. Second Quarter 2025 Financial Highlights On May 23, 2025 the Company announced the closing of an upsized underwritten public offering of 10,000,000 shares of Common Stock at the public offering price of $29.50 per share, providing $282.6 million of proceeds, net of fees and expenses. Reported a net loss of $128.1 million, primarily attributable to production restart related operating expenses and non-cash interest expense, partially offset by a non-cash gain in the fair value of warrant liabilities. Ended the quarter with 99,482,250 shares of Common Stock outstanding. Concluded the quarter with short-term outstanding debt of $875.6 million, inclusive of paid-in-kind interest, additional principal incurred from the debt amendment, and debt issuance costs. Ended the quarter with cash and cash equivalents balance of $247.1 million, exclusive of restricted cash balance of $35.6 million. Updated Guidance Sable expects to recommence oil sales upon restart of the Onshore Pipeline in September 2025. About Sable Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Sa...

HOUSTON, May 09, 2025--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company")(NYSE: SOC) today announced its first quarter 2025 financial and operational results. First Quarter 2025 Financial Highlights Reported a net loss of $109.5 million, primarily attributable to production restart related operating expenses, non-cash interest expense, and a non-cash change in fair value of warrant liabilities. Ended the quarter with 89,338,358 shares of Common Stock outstanding. Concluded the quarter with outstanding debt of $854.6 million, inclusive of paid-in-kind interest, additional principal incurred from the debt amendment, and debt issuance costs. Ended the quarter with cash and cash equivalents balance of $189.0 million, exclusive of restricted cash balance of $35.5 million. About Sable Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California. Forward-Looking Statements The information in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "continue," "plan," "forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements will contain such identifying words. These statements are based on the current beliefs and expectations of Sable’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Factors that could cause Sable’s actual results to differ materially from those described in the forward-looking statements include: the ability to recommence production of the SYU assets and the cost and time required therefor; global economic conditions and inflation; increased operating costs; lack of availability of drilling and production equipment, supplies, services and qualified personnel; geographical concentration of operations; environmental and weather risks; regulatory changes...

In the current U.S. market, investors are navigating a landscape marked by mixed performance across major indices, with the S&P 500 and Nasdaq showing modest gains while the Dow Jones Industrial Average has faced downward pressure due to sector-specific challenges. Amid these fluctuations, growth companies with high insider ownership can offer unique insights into potential future performance, as insiders often have a deep understanding of their company's prospects and are willing to invest significantly in its success. Click here to see the full list of 198 stocks from our Fast Growing US Companies With High Insider Ownership screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Himax Technologies, Inc. is a fabless semiconductor company that offers display imaging processing technologies across various regions including China, Taiwan, Korea, Japan, the United States, and internationally with a market cap of approximately $1.17 billion. Operations: The company's revenue is primarily derived from Driver IC products, contributing $751.33 million, and Non-Driver Products, which account for $155.48 million. Insider Ownership: 29.1% Earnings Growth Forecast: 24.2% p.a. Himax Technologies demonstrates potential as a growth company with high insider ownership, driven by expected annual earnings growth of 24.2%, surpassing the US market average. Despite its volatile share price, it trades at a favorable P/E ratio of 14.1x compared to the broader market. Recent strategic alliances, such as the MoU with Tata Electronics and Powerchip Semiconductor Manufacturing Corporation, aim to expand their display semiconductor and AI sensing solutions globally, enhancing market presence and innovation capabilities. Delve into the full analysis future growth report here for a deeper understanding of Himax Technologies. Our expertly prepared valuation report Himax Technologies implies its share price may be lower than expected. Simply Wall St Growth Rating: ★★★★★☆ Overview: Sable Offshore Corp. is an independent oil and gas company operating in the United States with a market cap of $1.77 billion. Operations: Sable Offshore Corp.'s revenue is derived from its independent oil and gas operations within the United States. Insider Ownership: 24.3% Earnings Growth Forecast: 139.2% p.a. Sable Offshore faces chal...

HOUSTON, March 17, 2025--(BUSINESS WIRE)--Sable Offshore Corp. ("Sable," or the "Company") (NYSE: SOC) today announced its 2024 financial and operational results. 2024 Financial Highlights Reported a net loss of $617.3 million, primarily attributable to a non-cash change in fair value of warrant liabilities related to common share price and warrant price appreciation during the year, non-cash interest expense, and production restart-related operating expenses. Ended the year with 89,310,996 shares of Common Stock outstanding, after raising $773.8 million in gross equity proceeds in 2024. Concluded the year with outstanding debt of $833.5 million, inclusive of paid-in-kind interest, additional principal incurred from the debt amendment, and debt issuance costs. Ended the year with cash and cash equivalents balance of $300.4 million, exclusive of restricted cash balance of $35.4 million. Fourth Quarter 2024 Operational Highlights Entered into an amendment to the Purchase and Sale Agreement, effectively extending the maturity date of the EM Term Loan by 60 days. Received approval from the California Office of the State Fire Marshal ("OSFM") of Sable’s implementation of enhanced pipeline integrity standards for the Las Flores Pipeline System (the "Pipeline"), representing a significant milestone achievement in satisfying the requirements of the federal court ordered consent decree. Made significant progress in executing the anomaly repair program on the Pipeline. Recent Events Received confirmation from the County of Santa Barbara, on February 12, 2025, that certain Pipeline anomaly repair work in the Coastal Zone is authorized by existing permits. The U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration ("PHMSA"), on February 11, 2025, delivered notices to the OSFM that PHMSA does not object to the OSFM’s approval of Sable’s implementation of enhanced pipeline integrity standards for the Pipeline. Sable initiated hydrotesting of the Pipeline in early 2025 in advance of a potential restart of the SYU offshore platforms and associated Las Flores Canyon processing facilities. Updated Guidance We expect to restart production at the SYU offshore platforms in the second quarter of 2025 upon the completion of the anomaly repair program, hydrotest of the Pipeline, and OSFM approval of our updated start-up plan. Sable expects to seque...