NYSE$SOC

Sable Offshore Corp · Q2 2024 earnings

Q2 2024 earnings ·

Briefing

SOC Q2 2024 — $1.24B revenue

Agreement, the transactions contemplated by the Sable-EM Purchase Agreement were also consummated on February 14, 2024 ("Sable-EM Closing Date"), immediately after the Business Combination, as a resul. Sable Offshore Corp reported Q2 2024 results. Net income of $345.5M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $1.24B.
  • Net income: $345.5M.
  • Operating income: $62K.

Headline financials

Total Revenue

$0.00

No prior period
EPS

-$2.75

No prior period
Free Cash Flow

-$165M

No prior period
Net Income

-$165M

No prior period
Operating Income

-$62.2M

No prior period
Cash & Equivalents

$112M

No prior period
Total Assets

$1.24B

No prior period

Revenue & EPS history

Sable Offshore Corp · Revenue · Quarterly

$0

Q2 2024
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

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 Q2 2024

Historical avgQ2 2024

-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%

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