Recent 8-K filings for SOC
Highest-materiality recent filing
Sable Offshore reports first reserve post-restart: 90.5 MMbbl proved developed oil, PV10 $1.47B
- Proved developed producing reserves: 66.6 MMbbl oil, 0.7 MMbbl NGL, 45.0 Bcf gas; PV10 $766.5M.
- Total proved developed: 90.5 MMbbl oil, 1.2 MMbbl NGL, 77.9 Bcf gas; PV10 $1.47B.
-
Sable Offshore cleared to keep SYPS running; $1.449M penalty, injunctions denied
Court imposed $1.449M penalty for restarting SYPS without OSFM authorization; denied injunctive shutdown.
-
Sable Offshore Q2 revenue $137.1M, first full-quarter output; cuts 2H26 capex 41%
Q2 2026 revenue $137.1M, operating cash flow +$9.4M; first full quarter since inception.
-
Issued $345M of 6.5% Convertible Senior Notes due 2031; initial conversion price ~$4.00 per share.
-
Sable Offshore extends Senior Secured Term Loan maturity to July 24, 2026; pays $30M amendment fee
Amendment extends maturity to earlier of July 24, 2026 or acceleration event; waives P&A Financial Security until Dec 22, 2028.
-
Sable Offshore reports first reserve post-restart: 90.5 MMbbl proved developed oil, PV10 $1.47B
Proved developed producing reserves: 66.6 MMbbl oil, 0.7 MMbbl NGL, 45.0 Bcf gas; PV10 $766.5M.
-
Sable Offshore Q1 net loss $197M; resumes oil sales under DPA
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.
-
40 of 74 wells on Platforms Harmony/Heritage producing avg 750 gross bpd; full ramp expected ~700 bpd per well.
-
Oil sales began March 29, 2026; pipeline filled at >50,000 bbl/d from Las Flores Canyon to Pentland Station.
-
Sable resumes SYU oil transport under DPA order; targets 50,000 Bbls/d by April 1
Resumed hydrocarbon flow through Santa Ynez Pipeline System on March 14, 2026, per Secretary of Energy DPA order.
-
Sable Offshore reports FY 2025 net loss of $410.2M; cash $97.7M vs debt $921.6M
Net loss of $410.2M; driven by restart costs, G&A, non-cash interest, partially offset by warrant liability fair value change.
-
Sable provides operational update: OS&T $475M, PHMSA approval, $250M ATM, litigation
OS&T strategy: Q1'26 vessel acquisition, Q3'26 delivery, Q4'26 first oil >50,000 bbl/d; total capex ~$475M.
-
Sable receives PHMSA emergency special permit for Santa Ynez Pipeline segments 324 and 325
PHMSA issued emergency special permit on Dec 23, 2025 for interstate Santa Ynez Pipeline segments 324 and 325.
-
PHMSA approves Sable Offshore's restart plan for Las Flores Pipeline System (Line CA-324, CA-325)
PHMSA approval received December 22, 2025 for the Restart Plan.
-
PHMSA confirms interstate classification for Sable's Las Flores Pipeline, deemed active
PHMSA agrees with Sable's Nov 26 determination that the Las Flores Pipeline is an interstate facility under the Pipeline Safety Act.
-
Conditions satisfied: $250M common stock private placement on Nov 12, 2025; amendment effective Nov 24, 2025.
-
Sable Offshore reports Q3 2025 net loss of $110.4M; short-term debt $896.6M
Net loss of $110.4M driven by production restart costs and non-cash interest expense.
-
Sable Offshore raises $250M in private placement of 45.5M shares at $5.50/share
Issued 45,454,546 common shares at $5.50 each for ~$250M gross proceeds.
-
Amendment extends maturity to March 2027 or 90 days after first hydrocarbon sales; interest rate rises from 10% to 15% PIK annually.
-
Sable disputes California Fire Marshal's claim of waiver non-compliance; restart blocked
OSFM alleges Sable failed to repair pipe anomalies with 40%+ wall loss including tool tolerance as required by State Waivers before restart.
-
Sable Offshore loses tentative ruling in California Coastal Commission suit; plans appeal
Santa Barbara Superior Court tentative ruling denies Sable's claims against the Coastal Commission.
-
Submitted updated DPP to BOEM on Oct 9, 2025 with execution and operational details for Santa Ynez Unit.
-
Sable filed motion to amend complaint in Santa Barbara Superior Court to quantify inverse condemnation damages at >$347M.
-
Sable Offshore pursues OS&T vessel as backup to onshore pipeline for SYU restart
Satisfied all operational conditions for Onshore Pipeline restart per Federal Consent Decree; awaits California OSFM approval.
-
Net loss of $128.1M in Q2 2025, driven by restart-related opex and non-cash interest expense.
-
Court denies Sable's motion to stay Coastal Commission cease-and-desist order; appeal filed
Santa Barbara Superior Court denied Sable's motion to stay the California Coastal Commission's April 10 Cease and Desist Order on July 9, 2025.
-
Court grants TRO blocking Sable's pipeline restart; first sales delayed to Aug 1
Santa Barbara Superior Court granted ex parte TROs in cases 25CV02244 and 25CV02247, halting Sable's Las Flores Pipeline oil transport restart.
-
Sable Offshore completes all hydrotests on Onshore Pipelines, clearing restart condition
Successfully hydrotested final segment of Line 325; all segments of Line 324 and Line 325 now tested.
-
Sable Offshore closes upsized $295M common stock offering, underwriters exercise full option
Offering closed with 10M shares at $29.50; gross proceeds $295M.
-
Sable Offshore restarts SYU production; raises 2H25 output guidance to 40-50K BOE/D
Production restart at Santa Ynez Unit on May 15, 2025; first oil from Platform Harmony at ~6,000 bbl/d.
-
Sable Offshore reports Q1 net loss of $109.5M; debt at $854.6M
Net loss of $109.5 million driven by production restart costs, non-cash interest, and warrant liability fair value changes.
-
Court denies California Coastal Commission TRO against Sable pipeline repairs; hearing May 14
California Coastal Commission filed for TRO on April 16 to halt Las Flores Pipeline repair/maintenance.
-
Sable Offshore posts $617M net loss in 2024; targets Q2 2025 production restart
Net loss of $617.3M driven by non-cash warrant liability changes, interest, and restart costs.
-
CCC issues cease and desist order; Sable files lawsuit challenging order
California Coastal Commission issued cease and desist order to Sable on Feb. 18, 2025.
-
Santa Barbara County confirmed that pipeline anomaly repair work is authorized under existing permits and covered by prior EIR/EIS; no further county action required.
-
Sable Offshore receives OSFM waivers for pipeline; targets Q1 2025 restart
California OSFM approved enhanced pipeline integrity standards for Lines CA-324 and CA-325A/B.
-
Sable Offshore Q3 net loss of $255.6M; continues CCC coordination on pipeline repairs
Net loss of $255.6M largely from non-cash change in warrant liabilities and restart costs; no revenue reported.
-
Sable Offshore completes public warrant redemption; 99.8% exercised for $183.5M
99.8% of public warrants exercised as of Nov 4, 2024 redemption date.
-
Sable Offshore to redeem all public warrants at $0.01 on Nov 4; warrants cease trading Oct 31
Redemption price $0.01 per warrant; warrants may be exercised at $11.50 per share until 5pm Nov 4.
-
Sable Offshore raises $150M via PIPE offering of 7.5M shares at $20/share
Subscription agreements signed Sep 19, 2024; closing on Sep 23, 2024.
-
County acknowledges no jurisdiction over installation of 16 safety valves on Las Flores Pipeline under AB 864.
-
Sable Offshore posts Q2 net loss of $165.4M; receives final approval for SYU assignment
Net loss of $165.4M driven by change in warrant liabilities, restart expenses, and stock-based compensation.
-
Sable Offshore: CA Fire Marshal reaffirms 2021 pipeline plan; restart expected late Q3/Q4 2024
California OSFM letter dated July 10, 2024 affirms PPC's 2021 Risk Analysis and Implementation Plan remains in effect and complies with AB 864.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.72 · Most common event other_material