The financials
Sable Offshore Corp. by the numbers
Sable Offshore Corp. (SOC) reported revenue of $1.3M in Q1 2026 (quarter ended March 31, 2026). That came with net loss of $197M. For the full year FY2025, revenue was $0 and net income −$410M.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $1.3M | $0 | n/a |
| Operating income | −$119M | −$60M | n/a |
| Net income | −$197M | −$110M | n/a |
| Diluted EPS | −$1.37 | −$1.30 | n/a |