Sable Offshore Corp. financial data

Symbol
SOC, SOC-WT on NYSE
Industry
Crude Petroleum & Natural Gas
Location
845 Texas Avenue, Suite 2920, Houston, TX
State of incorporation
DE
Fiscal year end
December 31
Former names
Flame Acquisition Corp. (to 2/14/2024)
Latest financial report
10-Q - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 238 % +5787%
Debt-to-equity 365 %
Return On Equity -210 % -154%
Return On Assets -44.4 % -46.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 64.8M shares
Common Stock, Shares, Outstanding 64.8M shares
Entity Public Float 67.7M USD -75.8%
Common Stock, Value, Issued 6K USD
Weighted Average Number of Shares Outstanding, Basic 60.2M shares
Weighted Average Number of Shares Outstanding, Diluted 60.2M shares

Income Statement

Label TTM Value / Value Unit Change %
Revenues 0 USD
Revenue from Contract with Customer, Excluding Assessed Tax 0 USD
General and Administrative Expense 33.2M USD +1027%
Operating Income (Loss) -234M USD -710%
Nonoperating Income (Expense) -100M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -349M USD -1031%
Income Tax Expense (Benefit) 18.7M USD +1421%
Net Income (Loss) Attributable to Parent -368M USD -541%
Earnings Per Share, Basic -2.75 USD/shares
Earnings Per Share, Diluted -2.75 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 0 USD -100%
Assets, Current 167M USD +70802%
Other Assets, Noncurrent 5.5M USD
Assets 1.24B USD +1318%
Accounts Payable, Current 4.76M USD
Accrued Liabilities, Current 17.8M USD +217%
Liabilities, Current 61.3M USD +483%
Deferred Income Tax Liabilities, Net 19.8M USD
Other Liabilities, Noncurrent 3.8M USD
Liabilities 1.12B USD +6728%
Retained Earnings (Accumulated Deficit) -427M USD +0.01%
Stockholders' Equity Attributable to Parent 122M USD
Liabilities and Equity 1.24B USD +1318%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -36.1M USD -6571%
Net Cash Provided by (Used in) Financing Activities 396M USD
Net Cash Provided by (Used in) Investing Activities -204M USD -199%
Common Stock, Shares Authorized 500M shares
Common Stock, Shares, Issued 64.8M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 0 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 147K USD
Deferred Tax Assets, Valuation Allowance 1.8M USD +15.4%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.8M USD +15.4%
Deferred Income Tax Expense (Benefit) 0 USD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 0 USD
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Share-based Payment Arrangement, Expense 22.9M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%