(SOC) Sable Offshore - Overview
Sector: Energy | Industry: Oil & Gas Drilling | Exchange: NYSE (USA) | Market Cap: 2.261m USD | Total Return: -41.4% in 12m
Avg Turnover: 44.4M
Warnings
Share dilution 16.3% YoY
Interest Coverage Ratio -3.9 is critical
Altman Z'' -7.50 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
Confidence
Sable Offshore Corp. (SOC) is a Houston-based independent energy company focused on the exploration and production of oil and gas in U.S. federal waters. Its core infrastructure includes three offshore platforms and 16 federal leases covering approximately 76,000 acres off the coast of California. The company maintains integrated midstream assets, including subsea pipelines designed to transport crude oil, natural gas, and produced water to onshore processing facilities.
The offshore exploration and production sector is characterized by high capital intensity and complex regulatory requirements, particularly for operations in federal waters. Sable Offshore Corp. operates under a business model that integrates extraction with dedicated transport infrastructure to manage the logistical challenges of offshore-to-onshore energy delivery. For further analysis of the companys valuation metrics, consider reviewing the data available on ValueRay.
- Restart of Santa Ynez Unit production drives initial revenue generation
- Regulatory approval for pipeline restart remains critical for operational viability
- California environmental litigation poses significant risk to production timelines
- High fixed costs require sustained oil price levels for profitability
- Successful integration of acquired ExxonMobil assets determines future cash flow potential
| Net Income: -497.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.37 > 0.02 and ΔFCF/TA -16.65 > 1.0 |
| NWC/Revenue: -78.1k% < 20% (prev 517.5%; Δ -78.6k% < -1%) |
| CFO/TA -0.22 > 3% & CFO -386.2m > Net Income -497.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (98.2m) vs 12m ago 16.28% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.08% > 50% (prev 1.21%; Δ -1.14% > 0%) |
| Interest Coverage Ratio: -3.90 > 6 (EBIT TTM -395.0m / Interest Expense TTM 101.3m) |
| A: -0.57 (Total Current Assets 85.0m - Total Current Liabilities 1.08b) / Total Assets 1.73b |
| B: -0.75 (Retained Earnings -1.31b / Total Assets 1.73b) |
| C: -0.24 (EBIT TTM -395.0m / Avg Total Assets 1.65b) |
| D: 0.32 (Book Value of Equity 421.9m / Total Liabilities 1.31b) |
| Altman-Z'' = -7.50 = D |
As of June 05, 2026, the stock is trading at USD 13.54 with a total of 2,394,081 shares traded.
Over the past week, the price has changed by -7.83%,
over one month by -6.62%,
over three months by +34.19% and
over the past year by -41.39%.
Sable Offshore has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy SOC.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 27.7 | 104.4% |
P/E Forward = 13.8122
P/S = 1779.2421
P/B = 5.3605
Revenue TTM = 1.27m USD
EBIT TTM = -395.0m USD
EBITDA TTM = -381.2m USD
Long Term Debt = unknown (none)
Short Term Debt = 956.3m USD (from shortLongTermDebt, last quarter)
Debt = 23.2m USD (Leases only: 23.2m)
Net Debt = -28.9m USD (calculated: Debt 23.2m - CCE 52.2m)
Enterprise Value = 2.23b USD (2.26b + Debt 23.2m - CCE 52.2m)
Interest Coverage Ratio = -3.90 (Ebit TTM -395.0m / Interest Expense TTM 101.3m)
EV/FCF = -3.53x (Enterprise Value 2.23b / FCF TTM -631.9m)
FCF Yield = -28.30% (FCF TTM -631.9m / Enterprise Value 2.23b)
FCF Margin = -49.7k% (FCF TTM -631.9m / Revenue TTM 1.27m)
Net Margin = -39.2k% (Net Income TTM -497.6m / Revenue TTM 1.27m)
Gross Margin = unknown ((Revenue TTM 1.27m - Cost of Revenue TTM 79.1m) / Revenue TTM)
Tobins Q-Ratio = 1.29 (Enterprise Value 2.23b / Total Assets 1.73b)
Interest Expense / Debt = 435.9% (Interest Expense 101.3m / Debt 23.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -312.0m (EBIT -395.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.08 (Total Current Assets 85.0m / Total Current Liabilities 1.08b)
Debt / Equity = 0.06 (Debt 23.2m / totalStockholderEquity, last quarter 421.9m)
Debt / EBITDA = 0.08 (negative EBITDA) (Net Debt -28.9m / EBITDA -381.2m)
Debt / FCF = 0.05 (negative FCF - burning cash) (Net Debt -28.9m / FCF TTM -631.9m)
Total Stockholder Equity = 437.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -30.23% (Net Income -497.6m / Total Assets 1.73b)
RoE = -113.8% (Net Income TTM -497.6m / Total Stockholder Equity 437.5m)
RoCE = -60.57% (EBIT -395.0m / Capital Employed (Total Assets 1.73b - Current Liab 1.08b))
RoIC = -47.85% (negative operating profit) (NOPAT -312.0m / Invested Capital 652.0m)
WACC = 14.85% (E(2.26b)/V(2.28b) * Re(15.0%) + (debt cost/tax rate unavailable))
Discount Rate = 15.0% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 92.01 | Cagr: 42.23%
[DCF] Fair Price = unknown (Cash Flow -631.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.81 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.52 | Chg30d=+87.93% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.85 | Chg30d=+51.79% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.06 | Chg30d=+27.71% | Revisions=+20% | GrowthEPS=+125.4% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=2.99 | Chg30d=+14.85% | Revisions=+33% | GrowthEPS=+182.1% | GrowthRev=+27.6%
[Analyst] Revisions Ratio: +33%