Sable Offshore Corp. (SOC) Stock Score, Valuation & Financial Research
Sable Offshore Corp. is in the Energy sector and Oil & Gas Drilling industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.
Quick answer for SOC
Sable Offshore Corp. does not currently have a complete Wall Street Score. The stored market price is USD 3.39. These figures are a research snapshot, not a buy or sell recommendation.
What Sable Offshore Corp. does
Sable Offshore Corp. (SOC) specializes in the exploration and production of oil and natural gas across the United States. The company's operational assets include three offshore platforms located off the California coast, along with an onshore processing facility. These operations are supported by 16 federal leases that encompass approximately 76,000 acres. Established in 2020, the firm was previously known as Flame Acquisition Corp. before officially adopting the name Sable Offshore Corp. in February 2024. Its corporate headquarters are situated in Houston, Texas.
Company business and revenue
Research reporting period: 2025-12-31. A research update is not a new financial filing.
How the company makes money
Sable Offshore Corp. is an independent oil and gas company that generates revenue through the extraction and sale of crude oil and natural gas. The company focuses on the development and operation of the Santa Ynez Unit in federal waters offshore California, managing the associated production facilities and pipeline infrastructure to transport and sell its hydrocarbon products.
Products and services
- Crude oil and natural gas production and transportation services via the Santa Ynez Unit and Santa Ynez Pipeline System.
Customer types
Crude oil and natural gas purchasers.
Suppliers, materials and equipment
- Pipeline and infrastructure maintenance contractors — Various third-party contractors providing asset integrity, regulatory compliance, and operational support services for the Santa Ynez Unit and pipeline system. Source
Business strengths to evaluate
- Extensive operational experience in California offshore environments Source
Business risks and research considerations
- Regulatory and environmental compliance risks related to pipeline restart and operations Source
- Dependence on successful restart and maintenance of the Santa Ynez Pipeline System Source
Sources: Company research source
Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.
SOC financial snapshot
Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.
- Wall Street Score:
- Not currently available
- Stored price:
- USD 3.39
- Market capitalization:
- 632.42M (currency not supplied)
- Revenue:
- USD 138.4M
- Net income:
- USD -433.79M
- Free cash flow:
- USD -769.33M
- Cash:
- USD 21.6M
- Total debt:
- USD 968.84M
- EPS:
- USD -3.43
What stands out
- Free cash flow is USD -769.33M, negative for the stored period.
- The balance sheet shows USD 21.6M of cash versus USD 968.84M of total debt, with debt exceeding cash on these two reported measures.
- The current research record carries a fundamental change risk warning, which should be reviewed alongside the score.
Company-specific financial comparisons
The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.
- Free cash flow is -555.9% of stored revenue. This is a simple cross-field ratio, not a verified same-period cash conversion margin; confirm reporting periods before comparison.
- Net income equals -313.4% of stored revenue. This is an indicative ratio only; accounting periods and units should be verified in filings.
- Debt exceeds cash by USD 947.24M using the stored balance-sheet values. This does not include other obligations or restricted cash.
Questions worth answering for SOC
Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.
- How long can SOC fund negative free cash flow using its current cash position before it may need more debt or new shares?
- Is SOC's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- What specifically needs to improve for SOC to reach sustainable profitability?
- What does the current fundamental change risk warning mean for the reliability or interpretation of SOC's score?
What the numbers mean
A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.
A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.
A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.
Data freshness: Financial data last refreshed 2026-10-01.
Research-input completeness: 73% of the scoring inputs required for this public page are currently available.
How to research SOC
Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.
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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.