Sable Offshore Corp.
sableoffshore.comWhat Do They Do?
Produces crude oil and natural gas offshore California and operates processing, storage and pipeline facilities that move production to customers.
10-K for FY2025, filed Feb 27, 2026The offshore position is comprised of 16 federal leases across approximately 76,000 acres and includes 100% working interest with an…View ↗
From the offshore platforms in the Outer Continental Shelf (“OCS”), crude oil is transported through the Santa Ynez Pipeline System to…View ↗
We operate the Santa Ynez Pipeline System’s onshore processing and storage facilities and pipeline facilities, including the offshore…View ↗
As of December 31, 2025, the Company is managed as a single operating segment and a single reportable segment: oil and gas. The Company’s…View ↗
How Do They Make Money?
No revenue reported yet.
10-K for FY2025, filed Feb 27, 2026
Who Are Their Customers?
Oil moves through the pipeline system to local refinery markets; oil and natural gas sales are made to customers at onshore delivery points.
10-K for FY2025, filed Feb 27, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$64.2MView ↗
- ▼ −50% (Loss)
- vs −$128.1M in Q2 FY2025
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Jul 13, 2026
HL&B resigned as auditor, and CohnReznick was engaged
The company said there were no disagreements with HL&B on accounting, financial disclosures or audit scope.
Sources
8-K, filed Jul 13, 2026
On July 10, 2026, Sable Offshore Corp., (“the “Company”) was notified by Ham, Langston and Brezina, LLP (“HL&B”), the Company’s independent…View ↗
From blank-check company to oil and gas operator
The older business description was a blank-check company seeking an energy acquisition; the latest describes an upstream operator developing offshore oil and gas assets.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Feb 27, 2026We are a blank check company incorporated on October 16, 2020 as a Delaware corporation and formed for the purpose of effecting a merger…View ↗
We are a Houston-based independent upstream company focused on responsibly developing the Santa Ynez Unit in federal waters offshore…View ↗
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