Short answer
Sable Offshore Corp. (SOC) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $0 with net income of −$110M.
Q3 2025 key financials · XBRL
- Revenue
- $0
- Net income
- −$110M
- +56.8% YoY · +13.8% QoQ
- EPS (diluted)
- −$1.09
- +73.5% YoY · +22.1% QoQ
Source: XBRL data from the Sable Offshore Corp. (SOC) Q3 2025 10-Q on SEC EDGAR. USD.
Sable Offshore Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New regulatory risk: delays in BOEM permitting for OS&T offtake may postpone oil sales beyond Q4 2026, impacting revenue and Senior Secured Term Loan repayment
- Most updated financial risk: Senior Secured Term Loan maturity extended to earlier of March 31, 2027 or 90 days post first hydrocarbon sales under Second Debt Amendment
- Most impactful compliance risk: California's SB 237 effective Jan 1, 2026 requires new coastal permits and hydrostatic testing for idle pipelines, challenged by Sable's active lawsuit
- Operational risk: $450 million estimated startup cost and potential delays for OS&T Strategy implementation, with cost overruns possible from competitive vessel markets
- Market risk: California's tightened Low Carbon Fuel Standard and extended cap-and-invest program may reduce fossil fuel demand, increasing operational costs and regulatory burden
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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