earnings
confidence high
sentiment negative
materiality 0.60
Sable Offshore reports Q1 net loss of $109.5M; debt at $854.6M
Sable Offshore Corp.
2025-Q1 EPS reported
-$1.30
- Net loss of $109.5 million driven by production restart costs, non-cash interest, and warrant liability fair value changes.
- Ended quarter with $189.0M cash, $35.5M restricted cash; total debt $854.6M including PIK interest and fees.
- Common shares outstanding: 89,338,358 as of March 31, 2025.