Welcome to our dedicated page for Sable Offshore news (Ticker: SOC), a resource for investors and traders seeking the latest updates and insights on Sable Offshore stock.
Sable Offshore Corp (SOC) delivers focused energy exploration in California's offshore Santa Ynez Unit through advanced drilling technologies and responsible resource development. This centralized news resource provides investors and industry observers with essential updates about the company's upstream operations, regulatory milestones, and technical achievements.
Access timely updates including earnings reports, operational developments, and strategic initiatives that shape SOC's position in offshore energy markets. Our curated collection features official press releases covering exploration progress, environmental compliance updates, and partnership announcements specific to federal waters operations.
Key information categories include drilling technology advancements, Santa Ynez Unit production updates, and regulatory compliance developments. Stay informed about SOC's specialized approach to offshore resource management through verified updates from primary sources.
Bookmark this page for streamlined access to SOC's evolving operational narrative. Regular updates ensure stakeholders maintain current understanding of this independent operator's activities in California's strategic offshore energy sector.
Sable Offshore Corp (NYSE: SOC) issued a response to a November 14, 2025 Hunterbrook Media LLC report, disputing several alleged misstatements.
Sable says its accounts payable was ~$53 millioncomprehensive debt refinancing in Q1 2026. Sable confirms Pilgrim remains a substantial owner and participated in the private placement.
On bonding, Sable clarifies the $350 million P&A Financial SecurityMarch 31, 2027 or 90 days after first sales of hydrocarbons); ExxonMobil may seek an increase to $500 million under certain circumstances.
Sable Offshore Corp (NYSE: SOC) reported third quarter 2025 operational and financial results for the quarter ended November 13, 2025. The company recorded a net loss of $110.4 million, driven mainly by production restart-related operating expenses and non-cash interest expense, and partially offset by a non-cash gain in the fair value of warrant liabilities.
Sable ended the quarter with 99,507,250 shares outstanding, $896.6 million of short-term debt (inclusive of paid-in-kind interest), and $41.6 million in cash and cash equivalents.
Sable Offshore Corp (NYSE: SOC) announced a private placement to issue 45,454,546 shares of common stock at $5.50 per share, expected to raise approximately $250 million in gross proceeds before fees. The offering is expected to close on November 12, 2025, subject to customary closing conditions.
The company said proceeds will be used for general corporate purposes and that the financing is expected to satisfy the common equity contribution condition of its Senior Secured Term Loan amendment announced on November 3, 2025. Jefferies and TD Cowen are joint placement agents. The shares are not currently registered and resale is limited until Sable files a registration statement.
Sable Offshore (OTC:SOC) will hold a special conference call on November 3, 2025 at 8:00 AM CST / 9:00 AM EST to provide a strategic update to investors.
Investors may register to attend via the company registration link: https://sable-offshore-strategic-update-nov25.open-exchange.net/.
Sable Offshore (NYSE: SOC) will host a conference call on Monday, November 3, 2025 at 7:30 AM CST / 8:30 AM EST to provide a strategic update to investors.
Dial-in details will be issued the same morning at approximately 6:30 AM CST / 7:30 AM EST.
Sable Offshore Corp (NYSE: SOC) on October 24, 2025 delivered a formal letter to the California Office of the State Fire Marshal (OSFM) responding to OSFM's October 22, 2025 letter alleging deficiencies in the company's compliance with State Waivers.
Sable said it strongly disagrees with the allegations, asserted the claims are inconsistent with the waivers' plain language and prior discussions with OSFM experts, and stated it is in full compliance. Sable plans to supplement this initial response and seeks a quick resolution. OSFM's October 22 letter and Sable's initial response are attached to the release.
Sable Offshore Corp. (NYSE:SOC) has submitted its Request for Approval of Restart Plans to California authorities for the Las Flores Pipeline System after satisfying operational conditions under the Federal Consent Decree. The company has also announced an alternative Offshore Storage and Treating Vessel (OS&T) strategy to transport crude oil from the Santa Ynez Unit via shuttle tankers.
If delays with the Onshore Pipeline continue, Sable will revert to the OS&T strategy, previously used from 1981-1994. The company plans to execute an OS&T lease contract by end of 2025, with expected delivery in Q3 2026. Production is anticipated to begin in Q4 2026 with over 50,000 barrels of oil per day output capacity.
Sable Offshore Corp (NYSE:SOC) has issued a response to litigation filed by the Santa Barbara County District Attorney on September 16, 2025. The company strongly refutes what it calls "inflammatory and misleading" allegations regarding its pipeline operations.
The company affirms it is working lawfully with state and federal agencies to restart Lines 324 and 325, with all repairs and excavations being supervised by certified independent biologists, cultural resource professionals, and Office of State Fire Marshal personnel. Sable emphasizes that no wildlife were harmed and all disturbed areas are being remediated according to state and local requirements.
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