Sable Offshore posts $617M net loss in 2024; targets Q2 2025 production restart

Sable Offshore Corp.

Net loss of $617.3M driven by non-cash warrant liability changes, interest, and restart costs.
Ended 2024 with $300.4M cash, $833.5M debt, and 89.3M shares outstanding after $773.8M equity raise.
Received OSFM approval for enhanced pipeline integrity standards; PHMSA no-objection letter received.
Initiated pipeline hydrotesting; expects SYU restart in Q2 2025 starting with Harmony platform.
2H25 guidance: 20,000–25,000 BOE/D production, $70–$90M total capex, and 5–7 workovers.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.