---
schema_version: "secwatch.filing_event.v1"
accession: "0001831481-26-000050"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:53:37.287745+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sable Offshore Q1 net loss $197M; resumes oil sales under DPA

## Summary
- Net loss of $197.0M driven by operating expenses, non-cash interest of $34.7M, and non-cash loss on warrant liabilities of $44.2M.
- Short-term debt $956.3M; cash $52.2M; accounts payable $37.7M at quarter end.
- Capital expenditures $44.4M, including $21.2M one-time costs for filling pipeline segments.
- ATM program raised ~$95.0M from 7.0M shares; debt refinancing expected to close Q2 2026.
- Resumed sales of Santa Ynez oil under DOE Defense Production Act order.

## SEC filing metadata
- accession: 0001831481-26-000050
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000050/0001831481-26-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000050/socc-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831481-26-000050
- JSON: https://secwatch.observer/filing/0001831481-26-000050.json
- Plain text: https://secwatch.observer/filing/0001831481-26-000050.txt

## Source-grounded claims
- claim_id: 6e1378a5d5d60304d4f7cdb213a78a453d9b08db
  claim: Sable Offshore Corp. reported first quarter 2026 results: net income net loss of $197.0 million.
  evidence_excerpt: resumed sales of American oil from the Santa Ynez Unit in accordance with the Defense Production Act order from the U.S. Department of Energy. • Reported a net loss of $197.0 million, primarily driven by operating expenses associated with the resumption of oil transportation through the Santa Ynez Pipeline System (the “SYPS”) and the resumption of oil sales,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000050/0001831481-26-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.