Sable Offshore Corp. ( (SOC) ) has released its Q3 earnings. Here is a breakdown of the information Sable Offshore Corp. presented to its investors.
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Sable Offshore Corp. is an independent oil and gas company based in Houston, Texas, specializing in offshore oil and gas production. The company recently released its earnings report for the quarter ending September 30, 2025, highlighting significant financial challenges and strategic developments. Despite restarting production at its Santa Ynez field in May 2025, Sable Offshore Corp. reported a net loss of $110.4 million for the quarter, with total operating expenses reaching $119.4 million. The company has been actively pursuing alternative strategies to address regulatory delays and improve its financial position, including an offshore storage and treating vessel strategy to access domestic and global markets. Looking ahead, Sable Offshore Corp. remains focused on securing additional financing and regulatory approvals to continue its operations and achieve first sales from its production assets.