Sable Offshore reports FY 2025 net loss of $410.2M; cash $97.7M vs debt $921.6M

Sable Offshore Corp.

2025-FY EPS reported -$4.18

Net loss of $410.2M; driven by restart costs, G&A, non-cash interest, partially offset by warrant liability fair value change.
May 2025 production restart at Santa Ynez Unit; hydrotests completed; PHMSA deemed pipeline interstate and active.
Closed $295M public offering (10M shares at $29.50) in May and $250M private placement ($5.50/share) in Nov 2025.
Extended term loan maturity to March 2027; interest rate rose from 10% to 15% compounded annually.
PHMSA issued emergency special permit for Pipeline Segments 324/325; company also pursuing OS&T shuttle tanker strategy.

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.