secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001831481-25-000065
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sable Offshore reports Q2 net loss $128.1M; production restart on track, oil sales expected Sept 2025
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- Net loss of $128.1M in Q2 2025, driven by restart-related opex and non-cash interest expense.
- Restarted production at Santa Ynez Unit on May 15, 2025; flowed ~130,000 bbl in Q2 and additional ~220,000 bbl as of Aug 8.
- Closed upsized public offering of 10M shares at $29.50, netting $282.6M in proceeds.
- Short-term debt of $875.6M; cash and cash equivalents of $247.1M (plus $35.6M restricted cash).
- Expects to recommence oil sales upon Onshore Pipeline restart in September 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000183148125000065/0001831481-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000183148125000065/socc-20250812.htm
  HTML page:      https://secwatch.observer/filing/0001831481-25-000065

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