secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2026-08-10T21:23:53+00:00
Accession:  0001831481-26-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sable Offshore Q2 revenue $137.1M, first full-quarter output; cuts 2H26 capex 41%
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- Q2 2026 revenue $137.1M, operating cash flow +$9.4M; first full quarter since inception.
- Exited quarter at ~40k bbl/d oil sales, up 149% from quarter start; avg 21k bbl/d net.
- Refinanced July 2: $675M TLB (15% coupon, due 2028), $345M 6.5% converts (due 2031), $115M equity at $3.08/sh.
- 2H26 capex guidance cut 41% to $85M mid; 2027 oil ratio raised to ~100% from 91%.
- Non-recurring demurrage $18.5M; July sales ~38k bbl/d, Aug to date ~42k bbl/d.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000183148126000105/0001831481-26-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000183148126000105/socc-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001831481-26-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer