Every 8-K that Sable Offshore Corp. (SOC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SOC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SOC filings page.
Sable Offshore Corp. (SOC) said Platform Hondo reconstruction and internal operational commissioning are complete. It anticipates the Marine Minerals Administration’s final review and approval of the instrumentation, control and safety commissioning submission in October 2026; additional testing and commissioning are also expected then, while restart is expected in Q4 2026. Sable plans four additional Perf Add operations before restart, expected to bring completed additions to 9 of 15 production wells, versus five previously expected. Each operation is estimated to add approximately 600 barrels of oil per day at a cost of approximately $800,000.
Las Flores Canyon’s current processing is approximately 80% of the productive capacity of Platforms Harmony and Heritage. Planned facility upgrades are expected to let the facility handle production from all three Santa Ynez Unit platforms at full productive capacities. July and August oil sales averaged approximately 32 thousand gross barrels per day; September sales are expected to be approximately 34 thousand. October nominations are expected to average 38 thousand gross barrels per day, with an estimated exit rate of approximately 45 thousand before Hondo volumes.
Sable Offshore Corp. (SOC) reports a comprehensive federal court order resolving multiple disputes over its Santa Ynez Pipeline System. The court kept Sable bound to the prior Plains consent decree but modified it so that federal PHMSA, not California’s Office of the State Fire Marshal, now oversees Sable’s onshore pipeline compliance, and Plains is relieved of ongoing obligations.
The court held that Sable violated the consent decree by restarting the onshore pipelines without California authorization and imposed a $1.449 million stipulated penalty payable to California, but declined to order a shutdown because PHMSA has since approved Sable’s restart plan. In a related case, the court denied California’s motion for a preliminary injunction attacking the federal Defense Production Act (DPA) order that directed Sable to restart, finding California had not shown even serious questions on the merits. The court also declared that the DPA order bars California’s Parks Department from using state-law actions, including trespass claims, to stop Sable’s operation of the onshore segments, and noted that, under collateral estoppel, state courts may not apply state laws that would burden Sable’s compliance with the DPA order. Several parties, including California, have filed notices of appeal, so further legal proceedings remain possible.
Sable Offshore Corp. reported its first full quarter of revenue generation and positive operating cash flow since inception, posting $137.1 million in total revenue and $9.4 million of cash from operating activities for the second quarter of 2026. Average daily net oil sales were about 21 thousand barrels per day, exiting the quarter at roughly 40 thousand net barrels per day, a 149% entry-to-exit oil sales growth rate, while capital expenditures totaled $39.4 million. The company ended the quarter with 154,531,910 common shares outstanding.
On July 2, 2026, Sable completed a major refinancing: a $675.0 million Senior Secured Term Loan B due December 15, 2028 with a 15.0% annual coupon, step-up quarterly amortization and a 100% excess cash flow sweep; $345.0 million of 6.5% Convertible Senior Notes due July 1, 2031 with a $4.00 per share conversion price; and a $115.0 million common equity issuance at $3.08 per share, alongside a $500.0 million revolver for hedging support.
Operationally, Sable is ramping production at the Santa Ynez Unit, with average well rates of 723 barrels of oil per day in the quarter and preliminary July and early August 2026 gross oil sales around the high 30–40 thousand barrels per day. The company incurred $18.5 million of non-recurring demurrage charges due to refinery scheduling constraints and faces temporary downstream throughput limits and pricing differentials, but expects constraints to ease later in August and into 2027. Updated guidance for 2H 2026 and 2027 emphasizes lower capital spending, high oil weighting and material projected unlevered free cash flow, supported by Brent costless collar hedges with $65/Bbl floors through 2028.
Sable Offshore Corp. engaged CohnReznick LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2026, after CohnReznick acquired certain assets of the prior auditor, Ham, Langston and Brezina, LLP (HL&B). HL&B resigned as auditor on July 10, 2026 with the approval of the board’s Audit Committee.
HL&B’s reports on Sable Offshore’s consolidated financial statements for 2023–2025 contained an explanatory paragraph about the company’s ability to continue as a going concern, but did not include adverse opinions, disclaimers, or qualifications on scope or principles. The company reports no disagreements or reportable events with HL&B and says it did not consult CohnReznick on accounting matters before the engagement. HL&B’s confirming letter is filed as Exhibit 16.1.
Sable Offshore Corp. entered into an amendment to its Senior Secured Term Loan with Exxon Mobil, extending the loan’s maturity to the earlier of July 24, 2026 or an event of default. The company will pay Exxon a $30.0 million amendment fee and obtained a temporary waiver of its P&A Financial Security requirement under the purchase and sale agreement with Exxon and MPPC. Exxon also agreed to suspend the $25.0 million minimum liquidity covenant until the amended maturity date. Sable now plans to size its proposed new senior secured term loan at up to $775.0 million, with proceeds, alongside additional unsecured capital markets solutions, intended to refinance the existing term loan and cover transaction costs, subject to market conditions and definitive documentation.
Sable Offshore Corp. announced it is launching a proposed New Senior Secured Term Loan facility with an aggregate principal amount of up to $1.0 billion. The company expects this new loan to replace its existing senior secured term loan with Exxon Mobil Corporation.
Sable plans to use proceeds from the new facility, together with expected additional unsecured capital markets solutions, to repay the existing term loan, cover transaction fees and expenses, and meet contractual performance bonding obligations. Closing of the new facility will depend on market conditions, negotiation of definitive documents, and satisfaction of customary closing conditions.
Sable Offshore Corp. reported the results of its 2026 Annual Meeting of Stockholders held on June 10, 2026. Stockholders elected Gregory P. Pipkin as a Class II director to serve until the 2029 annual meeting, with 78,146,530 votes for, 1,507,507 against, 15,327 abstentions and 20,452,967 broker non-votes.
Stockholders also ratified the appointment of Ham, Langston & Brezina, L.L.P. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 115,162,359 votes for, 28,522 against and 243,667 abstentions.
Sable Offshore Corp. released a detailed investor presentation and an independent reserve report for its Santa Ynez Unit (SYU) offshore California. The materials outline a large resource base, development plans, financial guidance and recent federal actions supporting continued operations.
Management estimates SYU holds 659 MMBoe of net estimated reserves with a PV-10 of $6,074MM at Brent strip pricing, and targets fully ramped gross production of about 62,000 Boe per day across its three platforms. Updated guidance for 2027 and 2028 calls for net production of 47.5–52.5 MBoe per day, largely oil, with low-cost workovers and perforation adds designed to maintain proved developed producing reserves.
The company projects 2027 adjusted EBITDA of $738–$985MM and unlevered free cash flow of $639–$866MM, and is pursuing a refinancing of its Exxon term loan ahead of its June 2026 maturity. The reserve engineers’ letter from Netherland, Sewell & Associates independently estimates proved, probable and possible developed reserves and future revenue as of May 31, 2026, using SEC-compliant methodology and constant prices.
Sable Offshore Corp. reported first quarter 2026 results, showing a net loss of $197.0 million. Management links the loss mainly to operating expenses tied to resuming oil transportation and sales through the Santa Ynez Pipeline System, general and administrative costs, non-cash interest expense of $34.7 million, and a non-cash loss of $44.2 million on warrant liabilities.
The company ended the quarter with short-term outstanding debt of $956.3 million, cash and cash equivalents of $52.2 million, and accounts payable of $37.7 million. Capital expenditures were about $44.4 million, including $21.2 million in one-time pipeline filling costs. Sable had 150,321,586 common shares outstanding and has raised roughly $95.0 million by selling 7,000,634 shares through its ATM equity program, while continuing discussions to refinance its Senior Secured Term Loan, which it expects to complete in Q2 2026.
Sable Offshore Corp. provides a broad update on restarting and expanding production at its Santa Ynez Unit offshore California, financing plans, and ongoing legal matters. Forty wells now online at Platforms Harmony and Heritage are producing about 750 gross barrels of oil per day per well, with 74 wells expected to average about 700 barrels per day once fully online. Platform Hondo is expected to start up in June 2026 with an estimated fully ramped rate of about 10,000 gross barrels of oil per day.
The company plans approximately $180 million of capital spending from April through December 2026 for facility upgrades, maintenance and low‑cost optimization. It intends to refinance its Senior Secured Term Loan in the second quarter of 2026, add a commodity hedging program, and has sold 7,000,634 shares via its at‑the‑market program for about $95.0 million in gross proceeds. Sable is also seeking substantial damages in federal and state‑related litigation and highlights that over 1 million barrels have been produced from the Santa Ynez Unit to date following a Defense Production Act order.
Sable Offshore Corp. resumed oil sales and offshore production at its Santa Ynez Unit and Santa Ynez Pipeline System on March 29, 2026. The pipeline was filled from Las Flores Canyon to Pentland Station at a rate above 50,000 barrels of oil per day. Platform Harmony is currently producing about 22,000 gross barrels of oil per day, and Sable plans to restart Platform Heritage at an expected rate of more than 30,000 gross barrels per day. Platform Hondo is expected online by the end of the second quarter of 2026 at a rate above 10,000 gross barrels per day, with oil sales going to Chevron.
Sable Offshore Corp. has resumed transporting oil from the Santa Ynez Unit (SYU) through the Santa Ynez Pipeline System after receiving a Defense Production Act order from the U.S. Secretary of Energy. All federally produced barrels from the SYU must flow through this system, up to its 200,000 Bbls/d capacity.
The company plans to ramp production across Platforms Harmony, Heritage, and Hondo, with first oil sales targeted by April 1, 2026 at an expected gross oil rate of 50,000 Bbls/d. Sable notes this could increase crude supply into the California market by approximately 17% and intends to refinance its senior secured term loan, implement a hedging program, and evaluate shareholder return options once sales begin.
Sable Offshore Corp. reported its full year 2025 results, highlighting a major operational restart and significant financing activity. The company restarted production at the Santa Ynez Unit in May 2025, completed anomaly repairs, and successfully hydrotested all segments of the Santa Ynez Pipeline System.
Sable raised new equity capital through an upsized public offering of 10,000,000 common shares at $29.50 per share for gross proceeds of about $295.0 million, and a private placement of 45,454,546 shares at $5.50 per share for $250.0 million in gross proceeds. It also amended its Senior Secured Term Loan, extending maturity to the earlier of March 31, 2027 or 90 days after first hydrocarbon sales and increasing the interest rate to 15% per annum, compounded annually.
For 2025, Sable reported a net loss of $410.2 million, driven mainly by production restart operating costs, general and administrative expenses, and non‑cash interest expense, partially offset by a non‑cash change in fair value of warrant liabilities. Year-end short‑term outstanding debt was $921.6 million including paid-in-kind interest, with cash and cash equivalents of $97.7 million, underscoring a leveraged balance sheet as the business ramps toward potential sales.
Sable Offshore Corp. entered into a Sales Agreement with TD Securities (USA) LLC and Jefferies LLC to sell, from time to time, up to $250,000,000 of common stock through an at-the-market offering under its effective Form S-3 shelf registration.
The agents will use commercially reasonable efforts to execute sales based on Sable’s instructions, earning a commission of up to 3.0% of the gross sales price per share. Sable is not required to sell any stock, may suspend the program at any time, and either party can terminate the agreement on ten days’ notice. The company also filed related legal opinions and operational and strategic updates as exhibits.
Sable Offshore Corp. reported that it has received an emergency special permit from the U.S. Department of Transportation’s Pipeline and Hazardous Material Safety Administration covering segments 324 and 325 of the interstate Santa Ynez Pipeline System. The permit approves Sable’s implementation of enhanced integrity management practices for these pipeline segments and sets specific operational conditions. The company disclosed this development through a press release furnished as Exhibit 99.1 to this report.
Sable Offshore Corp. reports that on December 22, 2025, the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) approved the company’s Restart Plan for the Las Flores Pipeline System, covering Line CA-324 and Line CA-325. This PHMSA approval is a key regulatory step that allows Sable Offshore to move forward with restarting this pipeline system, which is central to its offshore operations. The company has provided the PHMSA approval letter as an exhibit to give investors and other stakeholders the full regulatory details.
Sable Offshore Corp. reported that the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has confirmed the company’s earlier determination that its pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County, California is an interstate pipeline facility under the Pipeline Safety Act, under which PHMSA holds exclusive regulatory authority over interstate pipelines.
PHMSA also stated that it considers this pipeline system to be an “active” pipeline under its regulations, and its determination letter is provided as an exhibit to the disclosure.
Sable Offshore Corp. filed a current report describing a regulatory step for its California pipeline system. On November 26, 2025, the company notified the federal Pipeline and Hazardous Materials Safety Administration (PHMSA) that it has determined its pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County is an interstate pipeline facility under the Pipeline Safety Act and requested PHMSA’s concurrence and guidance on transitioning oversight from the California Office of the State Fire Marshal.
The company also reiterates its dual offtake strategy for crude produced from the Santa Ynez Unit, pursuing an offshore storage and treating vessel with shuttle tankers to reach domestic and global markets while working to safely resume transportation through its onshore pipeline facilities.
Sable Offshore Corp. (SOC) reported several management changes effective November 20, 2025. The company promoted its current President, J. Caldwell Flores, to the combined role of President and Chief Operating Officer, formalizing his position as a key executive officer. At the same time, Doss Bourgeois moved from Executive Vice President and Chief Operating Officer to Vice Chairman and is no longer classified as an executive officer under Exchange Act rules.
The company also announced additional leadership appointments that are not executive officer roles: Trent Fontenot as Senior Vice President of Operations, Brian Broussard as Senior Vice President of Development, and Byron Olson as Vice President, Reservoir Engineering. These changes collectively update the leadership structure around operations and development but do not involve any financial results or transactions.
Sable Offshore Corp. (SOC) reports that an amendment to its Senior Secured Term Loan with Exxon Mobil Corporation is now effective. The company met all conditions on November 24, 2025, including a requirement to receive at least $225,000,000 of cash proceeds, which it satisfied with a $250,000,000 private placement of common stock completed on November 12, 2025.
The amended loan now matures on the earlier of March 31, 2027 or 90 days after first sales of hydrocarbons. The interest rate increases from 10% to 15% per year, compounded annually, with an option to pay interest in kind by adding it to the loan principal. The amendment also adds reporting requirements and a monthly-tested liquidity covenant that requires at least $25.0 million of unrestricted cash.
Sable Offshore Corp. furnished a press release announcing results for the period ended September 30, 2025. The company submitted the release as Exhibit 99.1 to a Form 8-K.
The information was provided under Item 2.02 and is designated as furnished, not filed, under the Exchange Act, meaning it is not subject to Section 18 liability and is not incorporated by reference into other Securities Act or Exchange Act filings.
Sable Offshore Corp. (SOC) announced a private placement of $250 million of its common stock pursuant to subscription agreements with certain institutional investors. The announcement was made via a press release furnished under Item 7.01, with the release included as Exhibit 99.1.
This financing step signals the company’s intent to raise capital through a private sale of equity to institutional buyers, using common stock as the instrument.
Sable Offshore Corp. announced an amendment to its Senior Secured Term Loan with Exxon that will take effect only after conditions are met, including equity contributions of at least $225.0 million, net of fees and expenses.
Once effective, the amendment extends the loan maturity to the earlier of March 31, 2027 or 90 days after first sales of Hydrocarbons, raises the interest rate from 10% to 15% per annum (compounded annually) with payments due each January 1, and permits paid‑in‑kind interest additions to principal. It also adds reporting covenants and a monthly liquidity covenant requiring at least $25.0 million in unrestricted cash.
The company furnished a press release and presentation and scheduled a special conference call on November 3, 2025 at 8:00am CST / 9:00am EST to discuss the strategic update.
Sable Offshore Corp. (SOC) furnished an Item 7.01 Form 8-K announcing it issued a press release responding to the California Office of the State Fire Marshal (OSFM). The filing includes the OSFM letter and Sable’s response as exhibits.
The materials are provided as information only and, as furnished under Item 7.01, are not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference. Exhibits: 99.1 (press release), 99.2 (OSFM letter), 99.3 (Sable response).
Sable Offshore Corp. furnished a communication under Item 7.01, providing an update on its ongoing litigation with the California Coastal Commission. The update was issued via a press release dated October 15, 2025 and is attached as Exhibit 99.1. The furnished information is not deemed “filed” for purposes of Section 18 of the Exchange Act and is incorporated by reference only as stated.
Sable Offshore Corp. reported that on October 9, 2025 it submitted an updated Development and Production Plan for the Santa Ynez Unit to the U.S. Bureau of Ocean Energy Management. The plan continues to allow use of an Offshore Storage and Treating Vessel to process oil offshore and load it into shuttle tankers for sale to refineries outside California, as an alternative to using the onshore Las Flores Pipeline System. The company states it is working with the State of California to resume transportation through the Las Flores pipeline under a Federal Consent Decree, but notes that continued delays in restart approvals would cause it to fully pivot to an accelerated offshore vessel strategy.
Sable Offshore Corp. filed a current report to share recent legal developments. The company furnished a press release dated October 6, 2025 that provides legal updates, which is attached as Exhibit 99.1 and incorporated by reference. Additional exhibits include a notice of motion for leave to file a second amended complaint and a complaint for declaratory relief involving Pacific Pipeline Company. The company notes that the information furnished under this item, including Exhibits 99.1, 99.2, and 99.3, is not deemed filed for liability purposes under the Exchange Act or incorporated by reference into other Securities Act or Exchange Act filings.
Sable Offshore Corp. reported that it has outlined an alternative offtake strategy for its operations. The company issued a press release describing this strategy and made an investor presentation available on its website, both dated in late September 2025 and attached as exhibits for reference.
Sable Offshore also sent a letter to the U.S. Secretaries of the Interior and Energy requesting support to move forward with permitting and installation of a floating, processing, storage and offloading vessel (FPSO) at the Santa Ynez Unit in the Pacific Outer Continental Shelf Area. These communications are being furnished for informational purposes under Regulation FD and are not treated as filed financial statements.
Sable Offshore Corp. furnished a press release announcing results for the period ended June 30, 2025. The release is attached as Exhibit 99.1 to this Current Report and the filing also includes a cover page interactive data file as Exhibit 104. The company expressly states that the information furnished under Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and will not be incorporated by reference in other filings. The body of the 8-K does not include earnings figures, financial tables, or operational metrics; the attached press release is the source for the announced results.