NYSE$SOC

Sable Offshore Corp · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Sable Offshore reported Q1 2026 with $1.3M revenue, net loss of $197M, and diluted loss per share of $1.37.

For the period ended 2026-03-31, Sable Offshore reported $1.3M revenue. Early-stage offshore oil developer; revenue $1.3M. Net loss $(197.0)M vs $(109.5)M prior year. Loss per share $(1.37) on pre-production spending. Development-stage E&P; production startup timing and capex are the key value drivers.

  • Early-stage offshore oil developer; revenue $1.3M.
  • Net loss $(197.0)M vs $(109.5)M prior year.
  • Loss per share $(1.37) on pre-production spending.

Headline financials

Total Revenue

$1.27M

Previous: $0.00
EPS (adj)

-$1.37

Previous: -$1.30-5.4%
Net Income

-$197M

Previous: -$110M-79.9%
Operating Income

-$119M

Previous: -$59.8M-98.6%
Cash & Equivalents

$52.2M

Previous: $189M-72.4%
Total Assets

$1.73B

Previous: $1.56B+10.7%

Revenue & EPS history

Sable Offshore Corp · Revenue · Quarterly

$1.27M

Q1 2026
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

Development-stage E&P; production startup timing and capex are the key value drivers.

Tailwinds

  • Asset development progressing toward production.
  • Large resource potential in California offshore.
  • Higher revenue vs minimal prior period.

Headwinds

  • No meaningful operating cash flow yet.
  • Massive quarterly losses on development.
  • Regulatory and environmental scrutiny.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-3.0%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.8%

Avg return

30 days after

38%

3 / 8 earnings

Positive

+9.7%

Q1 2025

Best reaction

-28.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.0%-7.1%-14.3%
Q4 2025-4.2%-3.3%-23.2%
Q3 2025-28.9%-21.6%+4.6%
Q2 2025-2.1%-5.3%-20.4%
Q1 2025+9.7%+36.0%+16.8%
Q3 2024-1.3%-4.9%-8.4%
Q2 2024+2.9%+8.8%+49.1%
Q1 2024+5.5%+16.3%+26.3%

Discussion

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