{"schema_version":"secwatch.filing_event.v1","accession":"0001831481-26-000028","form_type":"8-K","ticker":"SOC","cik":"0001831481","company_name":"Sable Offshore Corp.","filed_at":"2026-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.430620+00:00","generated_at":"2026-05-15T23:10:27.650065+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sable Offshore reports FY 2025 net loss of $410.2M; cash $97.7M vs debt $921.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001831481-26-000028","json":"https://secwatch.observer/filing/0001831481-26-000028.json","markdown":"https://secwatch.observer/filing/0001831481-26-000028.md","text":"https://secwatch.observer/filing/0001831481-26-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831481/000183148126000028/0001831481-26-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831481/000183148126000028/socc-20260227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:10:27.650065+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}