“For the six months ended June 30, 2026, the Company incurred a net loss of $261.2 million, which included non-cash charges of $69.1 million of interest expense, $36.0 million of depletion, depreciation, amortization and accretion, $30.4 million of share-based…”10-Q · Aug 10, 2026 ↗
Sable Offshore Corp.
SOC
Market read
Sable Offshore Corp.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- Interest expense increased by $22.1M, primarily because of amortization of additional debt issuance costs tied to the Third Amendment.
- Applicable interest rate on debt reported at 15% for the three months ended March 31, 2026, with a $13.7M increase in interest expense.
Invalidation: The isolated read changes if SOC's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Interest expense increased by $22.1M, primarily because of amortization of additional debt issuance costs tied to the Third Amendment.
- Applicable interest rate on debt reported at 15% for the three months ended March 31, 2026, with a $13.7M increase in interest expense.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Diluted shares increased 46.5% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
4.94Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase was primarily attributable to $12.9 million of higher compensation expense, driven by an 8% increase in general and administrative headcount, and $12.6 million in higher legal expenses related to ongoing legal and regulatory matters.”10-Q · May 6, 2026 ↗
“Linefill will not be depreciated, but is subject to impairment in accordance with Financial Accounting Standards Board (“FASB”) guidance with respect to accounting for the impairment or disposal of long-lived assets.”10-Q · Aug 10, 2026 ↗
“The Company’s revenues, profitability, liquidity, and financial condition are expected to be impacted by market prices for crude oil and, to a lesser extent, NGLs and natural gas.”10-Q · May 6, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 11:20 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SOC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SOC. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SOC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
PAAPlains All American Pipeline, L.P.distributorNov 13, 2025 ▾
“In May 2015, an onshore pipeline operated by Plains All American Pipeline, L.P.”
XOMExxonMobil Holdings CorporationpartnerFeb 27, 2026 ▾
“Business Combination On November 1, 2022 (as amended on June 13, 2023 and December 15, 2023), Sable Offshore Corp., a Texas corporation (“SOC”), entered into a purchase and sale agreement (the “ Sable-EM Purchase Agreement ”) with Exxon Mobil Corporation (“ E…”
XOMExxonMobil Holdings CorporationinvesteeAug 12, 2025 ▾
“Business Combination On November 1, 2022 (as amended on June 13, 2023 and December 15, 2023), Sable Offshore Corp., a Texas corporation (“SOC”), entered into a purchase and sale agreement (the “Sable-EM Purchase Agreement”) with Exxon Mobil Corporation (“Exxo…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SOC is currently a Leader in the organic co-movement group Oil & Gas Drilling. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SOC; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.