Sable Offshore Corp. expects Platform Hondo to restart in Q4 2026 after 4 additional perforation operations, while LFC upgrades support continuous operations and October 2026 oil-sales nominations are expected to average 38 thousand gross barrels of oil per day.
SOC · Sable Offshore Corp.
The latest filing states the doubt was alleviated.
“In connection with the preparation of its unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2026, management evaluated the Company's ability to continue as a going concern in accordance with ASC 205-40, Presentation of Financial Statements — Going Concern, and concluded that substantial doubt existed regarding the Company's ability to continue as a going concern within one year of the date such financial statements were issued, due to the Company's then current debt maturity profile and related liquidity considerations. On July 2, 2026, the Company completed the 2026 Refinancing Transactions, which extended the maturity of the Company's debt obligations and improved its liquidity position. As a result, management re-evaluated the Company's ability to continue as a going concern and concluded that the conditions and events that previously raised substantial doubt had been alleviated. Accordingly, substantial doubt regarding the Company's ability to continue as a going concern no longer exists as of the issuance date of the unaudited condensed consolidated financial statements contained in this Quarterly Report, which have been prepared on a basis that assumes the Company will continue as a going concern.”View the 10-Q filed Aug 10, 2026
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Quarterly results
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| average producing wells per day | 35 | the second quarter of 2026 | — |
| Crude oil in inventory | 224,000 | as of August 9, 2026 | — |
| Natural gas liquids sales volumes | 5 | Three Months Ended June 30, 2026 filing | — |
| Oil sales volumes | 1,905 | Three Months Ended June 30, 2026 filing | — |
| shares of Common Stock outstanding | 154,531,910 | ended the second quarter of 2026 | — |
| Total sales volumes | 1,910 | Three Months Ended June 30, 2026 filing | — |
| wells online | 26 | April 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Drilling — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SOC
this stock
Sable Offshore Corp.
|
$385.41M | -78.0% | — | — | 28.3% |
|
NE
Noble Corp plc
|
$7.02B | +45.3% | +7.4% | 133.2 | 9.0% |
|
RIG
Transocean Ltd.
|
$6.64B | +32.0% | -28.6% | — | 28.0% |
|
VAL
Valaris Ltd
|
$5.75B | +64.2% | +0.3% | 7.3 | 7.6% |
|
PTEN
Patterson Uti Energy Inc
|
$4.09B | +74.3% | -10.3% | — | 7.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Sep 29, 2026
- This year
- 19
Sable Offshore Corp. expects Platform Hondo to restart in Q4 2026 after 4 additional perforation operations, while LFC upgrades support continuous operations and October 2026 oil-sales nominations are expected to average 38 thousand gross barrels of oil per day.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SOC | -35.3% | -46.1% | -85.6% | -28.0% | -78.1% |
| SPY | -0.7% | -1.3% | +2.5% | +1.5% | +12.5% |
| vs SPY | -34.6% | -44.7% | -88.1% | -29.5% | -90.5% |