SOC at a glance
Sable Offshore Corp. (SOC, SEC CIK 1831481) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as May 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Sable Offshore Corp. (SOC) reported revenue of $0 and a net loss of $410.2 million. Diluted EPS was -$4.18.
- As of June 30, 2026, 26 institutional investment managers tracked by SignalX reported holding Sable Offshore Corp. (SOC) shares worth $144.7 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Duenner Anthony on April 29, 2026 of 39,312 shares at $13.56 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $0
- 10-K XBRL
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 26 funds
- $144.7M · +2 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Offshore oil and natural gas production with focus on maintaining operations amid regulatory and environmental challenges
- No new products or segments introduced; emphasis on compliance with Inflation Reduction Act methane fee delayed until 2034
- Strategic risk management shift addressing increased scrutiny from activists, cybersecurity threats, and regulatory investigations including special committee probe
- Ongoing special committee investigation and subpoenas from SDNY and SEC impacting management focus and potential financial penalties
- Raised concerns over decommissioning cost uncertainties and potential liquidity impacts due to bonding and collateral requirements
Risk Factors
- Regulatory/legal risk: U.S. federal district court Consent Decree involving Pipeline Segments 324 and 325, with unresolved termination by DOJ and California AG impacting operations restart
- Geopolitical/macro risk: Exposure to Russia-Ukraine war destabilizing European and global oil and natural gas markets affecting price volatility
- Operational/supply chain risk: High costs and unavailability of rigs, vessels, equipment, and crews delay offshore operations and increase costs for recommencing oil sales ($475 million estimated OS&T start-up)
- Competitive/market disruption risk: Regional discount on California oil due to lower gravity and higher sulfur content reduces wellhead prices versus NYMEX benchmarks, compressing cash flow
- Financial/structural risk: Senior Secured Term Loan matures March 31, 2027 or 90 days after first hydrocarbon sales; refinancing terms uncertain and depend on market conditions
Management Discussion & Analysis
- No operating revenue in fiscal 2026, dependent on restart of SYU operations for cash flow generation
- Outstanding seller-financed debt with no current cash flow to service or refinance debt
- Liquidity risk linked to regulatory approvals, oil sales commencement, commodity prices, and capital market conditions
- Commodity price risk exposure after production starts; no current hedging in place
- Key risks: market volatility, geopolitical factors, and California-specific dynamics could impact future financials and debt servicing
AI summary of the SOC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- 2026 Refinancing Transactions completed July 2, 2026
- Senior Secured Term Loan repaid in full before July 26, 2026 maturity
- New Senior Secured Credit Facilities entered; Convertible Notes issued
- No commodity hedging arrangements as of June 30, 2026
- Sustained oil-price declines could pressure revenues, operating cash flows, capital investment, and debt service capacity
Risk Factors
- Consent Decree enforcement risk heightened after California agencies sought to halt Pipeline Segments 324 and 325 operations on March 16, 2026
- DPA Order litigation threatens petroleum transportation following California’s amended complaint filed July 20, 2026
- Pipeline restart risk includes uncertain timing and declining initial production from reopened wells
- Liquidity risk: $1.02 billion indebtedness, including $675.0 million secured Term Loan B as of June 30, 2026
- Commodity-price risk from mandatory hedging through December 15, 2028 limiting upside participation
AI summary of the SOC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- September 28, 2026 operational update released under Regulation FD
- Exhibit 99.1 contains the substantive operating information investors should review
Item 8.01: Other Events
- $1.449 million penalty for restarting Santa Ynez Pipeline operations without prior OSFM authorization
- No shutdown ordered; PHMSA approval of Sable’s Restart Plan means the Company is no longer violating the Consent Decree
Item 2.02: Results of Operations and Financial Condition
- Forward-looking disclosure only; no fiscal 2026 operating results or financial figures provided
- Production restart remains dependent on SYU asset recommencement, with cost, timing, and output uncertainty
Item 7.01: Regulation FD Disclosure
- New investor presentation posted August 10, 2026, providing updated company information to investors
- Exhibit 99.2 contains the presentation and may be used in conferences and stakeholder meetings
AI summaries of SOC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SOC
Don't miss the next SOC filing
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- Fund moves. Which tracked funds opened, added or cut SOC, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sarofim Christopher Binyon | A | May 6, 2026 | 25,000 | - |
| Pipkin Gregory Phillip | A | May 6, 2026 | 50,000 | - |
| Dillard Michael E. | A | May 6, 2026 | 50,000 | - |
| Duenner Anthony | M | Apr 29, 2026 | 100,000 | - |
| Patrinely Gregory D. | M | Apr 29, 2026 | 100,000 | - |
| Duenner Anthony | Sell | Apr 29, 2026 | 39,312 | $13.56 |
| Patrinely Gregory D. | Sell | Apr 29, 2026 | 39,311 | $13.56 |
| Patrinely Gregory D. | M | Apr 29, 2026 | 100,000 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $0 | $0 | $0 |
| Operating Income | -$4.9M | -$326.8M | -$408.3M |
| Net Income | -$32.2M | -$617.3M | -$410.2M |
| Balance Sheet | |||
| Total Assets | $63.9M | $1.6B | $1.7B |
| Equity | -$55.6M | $384.2M | $534.3M |
| ROE | 57.9% | -160.7% | -76.8% |
| Per Share | |||
| EPS | - | $-9.21 | $-4.18 |
| Cash Flow | |||
| Operating CF | -$3.8M | -$163.0M | -$351.7M |
Source: XBRL data in Sable Offshore Corp. (SOC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SOC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 26 | $144.7M |
| Q1 2026 | 24 | $622.3M |
| Q4 2025 | 23 | $323.7M |
| Q3 2025 | 23 | $484.8M |
| Q2 2025 | 22 | $539.6M |
| Q1 2025 | 22 | $472.1M |
| Q4 2024 | 17 | $400.2M |
| Q3 2024 | 10 | $75.7M |
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- Two Sigma Investments−35.8K
Source: 13F-HR filings on SEC EDGAR (aggregated from 167 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SOC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 8-K | Aug 24, 2026 | - | Analysis | - |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 13, 2026 | - | - | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Aug 7, 2026 | - | - | |
| 8-K | Jul 13, 2026 | - | Analysis | - |
| 8-K | Jul 2, 2026 | - | Analysis | - |
| 8-K | Jun 22, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 8-K | Jun 10, 2026 | - | Analysis | |
| 8-K | Jun 1, 2026 | - | Analysis | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 10-Q | May 6, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| 4 | Apr 30, 2026 | - | - | - |
| SC 13G | Apr 27, 2026 | - | - | |
| 8-K | Apr 20, 2026 | - | Analysis | - |
| 4 | Apr 2, 2026 | - | - | - |
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SOC SEC filings: frequently asked questions
Which institutions hold SOC stock?
As of June 30, 2026, the largest Sable Offshore Corp. (SOC) holders among the 13F filers tracked by SignalX were BlackRock ($32.9 million), Morgan Stanley ($25.9 million), State Street Corp ($24.1 million), Vanguard Capital Management LLC ($17.9 million), Citadel Advisors LLC ($9.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SOC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Sable Offshore Corp. (SOC) reported revenue of $0 and a net loss of $410.2 million. Diluted EPS was -$4.18. The figures come from the XBRL data in the 10-K.
What are the main risks in SOC's latest 10-K?
In the 10-K filed February 27, 2026, Sable Offshore Corp. (SOC) flagged: Regulatory/legal risk: U.S. federal district court Consent Decree involving Pipeline Segments 324 and 325, with unresolved termination by DOJ and California AG impacting operations restart. Geopolitical/macro risk: Exposure to Russia-Ukraine war destabilizing European and global oil and natural gas markets affecting price volatility. (AI summary of the Risk Factors section.)
What did SOC report in its latest 8-K?
Sable Offshore Corp. (SOC) filed an 8-K on September 29, 2026 reporting Item 7.01 (Regulation FD Disclosure). September 28, 2026 operational update released under Regulation FD.
What are the latest SOC SEC filings?
Sable Offshore Corp. (SOC) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on May 8, 2026.
What is SOC's SEC CIK number?
Sable Offshore Corp. (SOC)'s SEC Central Index Key (CIK) is 1831481. EDGAR lists every SOC filing under that number.
Ask anything about SOC
The research agent reads SOC's filings, financials, insider trades and 13F holders, then answers with sources.