Financial PerformanceSOC reported 1Q25 EPS of -$1.30/sh, lower than expected, primarily due to changes in the fair value of warrant liabilities and higher operational expenses than expected.
Legal And Regulatory DelaysThere are risks to potential delays due to legal processes, despite positive developments in repair approvals.
Regulatory ChallengesLocal opposition may consistently pose headline risk, with the largest remaining credible hurdle being the Office of the State Fire Marshal's acknowledgement that the pipeline meets required safety specs.