Sable Offshore Corp. made a public disclosure
SEC 8-KRead source ↗
Sable Offshore Corp. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders0 buying, 4 selling0 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
- Funds165 adding, 80 cuttingOf 38 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 359% in the quarter to 2026-06-30.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Sable Offshore Corp.'s latest figures clears our strength thresholds.
Things to watch
- Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
- Volatile shares. Over the past year the shares showed annualised volatility of 153% and a beta of 0.1 against the S&P 500.
- Insiders selling. 4 insiders sold $19M of stock over the past 365 days and none bought (0% under pre-set trading plans).
- Heavily shorted. 36.2% of the shares available to trade are sold short (6.8 days of average volume to cover).
- Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.
- Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 17.5% over 90 days.
Latest results
- Earnings per share
- -$0.89 against an average estimate of $0.34: missed by 358.6%
- Share reaction
- -2.1% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
- Next report
- November 9, 2026; average EPS estimate -$0.28
Price chart
- 1 day-10.5%
- 1 week-21.4%
- 1 month-29.9%
- This year-72.7%
- 1 year-76.5%
- 5 years-74.8%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Earnings
- Last results
- August 10, 2026
- Next results (est.)
- November 12, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Announcement
- Announcement
Sable Offshore Corp. disclosed a material event
SEC 8-KRead source ↗ - Results
Sable Offshore Corp. reported results; made a public disclosure
SEC 8-KRead source ↗
No model value for Sable Offshore Corp. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.
Valuation models
We value Sable Offshore Corp. as an oil and gas producer, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (proved-reserve net asset value) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sable Offshore Corp. with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Next results: November 9, 2026, before the open. Analysts expect revenue of $161m and EPS of −$0.28 (range −$0.39 to −$0.18) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$1.74 | +66% | $499m | 0% |
| Next | $1.55 | +189% | $886m | +77% |
Next year's EPS estimate has moved −17.5% in 90 days, across 2 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +383.3% on 90 days ago. In the last 30 days, 0 analysts raised Sable Offshore Corp.'s forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$0.36 | $1.89 |
| 60 days ago | −$2.18 | $0.57 |
| 30 days ago | −$1.59 | $0.93 |
| 7 days ago | −$2.02 | $0.84 |
| Now | −$1.74 | $1.55 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.34 | −$0.89 | −358.6% |
| Mar 2026 | −$0.54 | −$1.06 | −98.3% |
| Dec 2025 | −$0.60 | −$0.64 | −7.2% |
| Sept 2025 | −$0.86 | −$1.46 | −69.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 36.2% of tradable shares
- Days to cover
- 6.84 at average volume
- Short interest, 1 month
- +17% to October 15, 2026
- Held by institutions
- — of shares
- Held by insiders
- 11.1% of shares
- Employees
- 200 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| SOC | +3% | +13% | +101% | −61% | −73% |
| Industry peers (median) | +55% | −8% | +1% | −15% | +18% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| SOC | 58% | 92% | 50% | 42% | 36% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| SOC | −2% | −4% | −33% | −88% | −87% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since April 19, 2021: 93% from May 19, 2025 to November 2, 2026. Getting back needed a 1242% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $2.46 – $18.45
- From 52-week high
- −86.7%
- vs 50-day average
- −37.6%
- vs 200-day average
- −72.0%
- Volatility (1 year)
- 153%
- Beta vs S&P 500
- 0.06
Share price after results
- Next day
- 5 up, 5 down typical move ±12.4%
- After a week
- 6 up, 4 down typical move ±20.2%
- After a month
- 5 up, 5 down typical move ±28.6%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 10, 2026 | −2.1% | −0.3% | −15.4% | +3.6% |
| May 6, 2026 | −10.0% | +1.1% | −8.0% | −14.1% |
| February 27, 2026 | +8.7% | −0.4% | +81.7% | +125.5% |
| November 13, 2025 | −34.5% | −1.7% | −33.4% | −12.5% |
| August 12, 2025 | −0.8% | +1.4% | −4.7% | −20.4% |
| May 9, 2025 | +26.0% | +3.2% | +37.6% | +9.3% |
| March 17, 2025 | +3.0% | −0.3% | +4.1% | −20.5% |
| November 14, 2024 | −9.4% | −1.9% | +1.0% | −4.2% |
| August 13, 2024 | +9.4% | +2.0% | +7.0% | +49.1% |
| May 15, 2024 | +19.8% | +1.0% | +8.9% | +26.3% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $523M
- Institutions reporting
- 243
- Shares held vs prior quarter
- ▲ 23.9%
- Positions opened / closed
- 66 / 40
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Pilgrim Global Advisors LLC | $56.1M | 18.2M | 10.7% | 0.0% |
| Encompass Capital Advisors LLC | $44.5M | 14.4M | 8.5% | ▲ 7.4% |
| Continental General Insurance Co | $43.5M | 14.1M | 8.3% | ▲ 3.2% |
| Blackrock, Inc. | $32.9M | 10.7M | 6.3% | ▲ 14.0% |
| Morgan Stanley | $25.9M | 8.4M | 5.0% | ▲ 15.7% |
| Two Seas Capital LP | $25.8M | 8.4M | 4.9% | ▲ 52.4% |
| State Street Corp | $24.1M | 7.8M | 4.6% | ▲ 69.7% |
| Fourworld Capital Management LLC | $21M | 6.8M | 4.0% | ▼ 5.4% |
| Capital International Investors | $18.8M | 6.1M | 3.6% | ▼ 19.2% |
| Vanguard Capital Management LLC | $17.9M | 5.8M | 3.4% | ▲ 6.2% |
| Whitefort Capital Management, LP | $11.5M | 3.7M | 2.2% | ▲ 140.8% |
| Susquehanna International Group, LLP | $10.5M | 3.4M | 2.0% | ▲ 54.9% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sable Offshore Corp.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $19.1M 11 trades by 4 insiders · 0% under pre-set plans
Net ▼ $19.1M net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Flores James C Chairman & CEO | April 29, 2026 | Sell | 68,792 | $13.56 | $932,820 |
| Duenner Anthony See Remarks | April 29, 2026 | Sell | 39,312 | $13.56 | $533,071 |
| Patrinely Gregory D. EVP, CFO | April 29, 2026 | Sell | 39,311 | $13.56 | $533,057 |
| Flores James Caldwell President, COO | April 29, 2026 | Sell | 39,311 | $13.56 | $533,057 |
| Flores James C Chairman & CEO | April 28, 2026 | Sell | 71,297 | $13.33 | $950,389 |
| Duenner Anthony See Remarks | April 28, 2026 | Sell | 40,743 | $13.33 | $543,104 |
| Patrinely Gregory D. EVP, CFO | April 28, 2026 | Sell | 40,743 | $13.33 | $543,104 |
| Flores James Caldwell President, COO | April 28, 2026 | Sell | 40,743 | $13.33 | $543,104 |
| Duenner Anthony See Remarks | March 31, 2026 | Sell | 279,081 | $16.69 | $4.7M |
| Patrinely Gregory D. EVP, CFO | March 31, 2026 | Sell | 279,081 | $16.69 | $4.7M |
| Flores James Caldwell President, COO | March 31, 2026 | Sell | 279,081 | $16.69 | $4.7M |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced
- August 10, 2026
- May 6, 2026
- February 27, 2026
- November 13, 2025
- August 12, 2025
- May 9, 2025
Recent SEC filings
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Sable Offshore Corp. in brief
- What does Sable Offshore Corp. do?
- Sable Offshore Corp. is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
- What is Sable Offshore Corp.'s stock ticker?
- Sable Offshore Corp. trades under the ticker SOC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Sable Offshore Corp.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Pilgrim Global Advisors LLC, Encompass Capital Advisors LLC and Continental General Insurance Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Are insiders buying or selling Sable Offshore Corp. stock?
- Over the last 12 months, Sable Offshore Corp.'s directors and officers reported 0 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
- When is Sable Offshore Corp.'s next earnings date?
- Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sable Offshore Corp. announces its own schedule.
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