---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-083453"
form_type: "8-K/A"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:51:29.405411+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SYU (acquired by Sable Offshore) reports no revenue, $93.7M net loss in 2023; going concern doubt cited

## Summary
- SYU shut-in since 2015; 2023 net loss $93.7M, 2022 net loss $1.5B including $1.4B impairment.
- Total assets $711.6M, parent net investment $339M at Dec 31, 2023; no oil/gas sales both years.
- Substantial doubt about ability to continue as going concern due to pending regulatory approvals to restart production.
- Sable completed acquisition Feb 14, 2024, funded by $440.2M PIPE and $622.9M term loan from Exxon.

## SEC filing metadata
- accession: 0001193125-24-083453
- form_type: 8-K/A
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000119312524083453/0001193125-24-083453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000119312524083453/d771316d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083453
- JSON: https://secwatch.observer/filing/0001193125-24-083453.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083453.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.