Sable Offshore Q3 net loss of $255.6M; continues CCC coordination on pipeline repairs

Sable Offshore Corp.

2024-Q3 EPS reported -$9.86

Net loss of $255.6M largely from non-cash change in warrant liabilities and restart costs; no revenue reported.
Cash and equivalents $288.2M, debt $814.4M; gross equity raised $222.5M in quarter.
Conditional settlement with Santa Barbara County acknowledges county lacks jurisdiction over pipeline safety valve installation.
California Coastal Commission halted work in Coastal Zone; Sable working on interim plan to fill open excavations (approx. 7 days).
Public warrants redeemed Nov 4 for $183.5M gross; shares outstanding 89.1M as of Nov 13.

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