Plutux
$4.72
-0.63%
2026-09-03 16:00:03 EDT-$0.03
Energy
Oil & Gas Drilling
NYSE
Active Trading

Sable Offshore Corp. (SOC) specializes in the exploration and production of oil and natural gas across the United States. The company's operational ...

Price Action

$4.72
-0.63%-$0.03
High
Low
52W High-81.1%
Rel. vol
Interval
Range6.5h
VolumeSMA5SMA10
Sable Offshore Corp. is an independent exploration and production company headquartered at 845 Texas Avenue in Houston, Texas. The company operates in the Energy sector and is classified within the oil and gas drilling industry. Its principal strategic focus is the Santa Ynez Unit, a mature but potentially significant offshore ...Sable Offshore Corp. is an independent exploration and production company headquartered at 845 Texas Avenue in Houston, Texas. The company operates in the Energy sector and is classified within the oil and gas drilling industry. Its principal strategic focus is the Santa Ynez Unit, a mature but potentially significant offshore oil and natural gas development in federal waters off the California coast. Sable’s operating footprint includes three offshore platforms, an onshore processing facility, and 16 federal leases covering approximately 76,000 acres. These assets provide the company with an integrated offshore-to-onshore production and processing system rather than a purely exploratory portfolio. The company was incorporated in 2020 and was previously known as Flame Acquisition Corp. It changed its name to Sable Offshore Corp. in February 2024, reflecting its transition from an acquisition vehicle to an operating energy company. Sable became publicly traded through the New York Stock Exchange under the ticker SOC. James C. Flores has served as chairman and chief executive officer since September 2021. His background includes decades of experience in the energy industry, and the company presents its management team as having substantial experience operating safely in California and managing complex upstream assets. Sable’s products are primarily crude oil and natural gas produced from its offshore leases. Its services are not generally sold to outside customers; instead, the company’s value proposition is based on acquiring, restoring, developing, producing, processing, and marketing hydrocarbons. Major cost categories for an offshore producer typically include platform and well operations, maintenance, subsea and pipeline infrastructure, environmental compliance, personnel, insurance, transportation, processing, regulatory approvals, and capital expenditures. The company’s offshore platforms and onshore facility form the core of its bill of materials and operating infrastructure, with drilling, workover, safety, monitoring, and production equipment representing important operational requirements. The supplied trailing-twelve-month data indicates that Sable remains in an investment and development phase with substantial financial pressure. It reports approximately $699.4 million in market capitalization and approximately $1.60 billion in enterprise value. Reported revenue is very low relative to the asset base, while gross margin, operating margin, EBITDA margin, and net margin are negative. The data also shows negative operating cash flow and free cash flow, negative returns on assets and equity, a current ratio of approximately 0.08, and a debt-to-equity ratio of approximately 2.27. These figures suggest significant liquidity, funding, execution, and production-ramp risks. They may also be affected by the timing of asset restart, regulatory activity, development spending, and the company’s transition into a larger-scale operating phase. The company’s principal objective is to responsibly develop the Santa Ynez Unit and establish sustainable production from its California offshore assets. Its future performance is likely to depend on regulatory and environmental approvals, operational reliability, capital availability, commodity prices, infrastructure readiness, production volumes, and its ability to control costs while bringing assets online. Sable reported approximately 200 full-time employees, placing it in the 101-200 employee category. It does not currently report a dividend in the supplied information.
Founded
2020
Employees
200
CEO
James C. Flores
Full Name
Sable Offshore Corp.
Sector
Energy
Industry
Oil & Gas Drilling
ROE
-102.11%
Market Cap
$0.88B
Current Ratio
0.24
WACC
8.07%
ROIC
89.63%

Contact Information

713-579-6106
845 Texas Avenue, Houston, TX 77002

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