$SOC Balance Sheet | Understand Stock

$SOC

$3.08 -$0.05 (1.6%) Live

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of USD, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
Assets
Current assets:
Advances to acquisition target
Prepaid expenses
Predecessor
Total prepaid expenses
Cash and cash equivalents
Predecessor
Total cash and cash equivalents
Restricted cash
Accounts receivable
Inventory
Materials and supplies
Predecessor
Total materials and supplies
Prepaid expenses and other current assets
Predecessor
Total current assets

Prepaid expenses - non-current
Investments held in Trust Account
Oil and gas properties (Successful efforts method)
Oil and gas properties
Predecessor
Total oil and gas properties
Less: Accumulated depletion, depreciation and amortization
Predecessor
Total less: Accumulated depletion, depreciation and amortization
Oil and gas properties, net
Predecessor
Total oil and gas properties, net
Other, net
Predecessor
Total other, net
Predecessor
Total assets

Liabilities and Stockholders’ Equity
Accounts payable and accrued expenses
Predecessor
Total accounts payable and accrued expenses
Sponsor loans
Due to related party, net
Predecessor
Total due to related party, net
Accounts payable and accrued liabilities
Nonrelated party
Total accounts payable and accrued liabilities
Term Loan—current, net
Other current liabilities
Predecessor
Nonrelated party
Due to related party, net
Total other current liabilities
Excise tax payable
Predecessor
Total excise tax payable
Income taxes payable
Promissory notes to related parties
Convertible promissory notes – related parties, at fair value
Current liabilities
Predecessor
Total current liabilities
Term Loan—non-current, net
Warrant liabilities
Predecessor
Total warrant liabilities
Asset retirement obligations
Predecessor
Total asset retirement obligations
Senior Secured Term Loan including paid-in-kind interest, net
Predecessor
Total senior Secured Term Loan including paid-in-kind interest, net
Deferred tax liabilities
Predecessor
Total deferred tax liabilities
Deferred tax liability
Other
Predecessor
Total other
Liabilities
Predecessor
Total liabilities
Class A common stock subject to possible redemption; 6,104,682 and 28,750,000 shares at redemption value at December 31, 2023 and 2022, respectively ($10.41 and $10.10 at December 31, 2023 and 2022, respectively)
Stockholders’ Equity
Parent net investment
Predecessor
Total parent net investment
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2026 and December 31, 2025
Predecessor
Total preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at June 30, 2026 and December 31, 2025
Common Stock, $0.0001 par value; 500,000,000 shares authorized; 154,531,910 and 144,961,796 issued and outstanding at June 30, 2026 and December 31, 2025, respectively
Common Class A
Common Class B
Predecessor
Total common Stock, $0.0001 par value; 500,000,000 shares authorized; 154,531,910 and 144,961,796 issued and outstanding at June 30, 2026 and December 31, 2025, respectively

Additional paid-in capital
Predecessor
Total additional paid-in capital
Accumulated deficit
Predecessor
Total accumulated deficit
Common Class B
Predecessor
Total Stockholders’ Equity

Predecessor
Total Liabilities and Stockholders’ Equity

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