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Sable Offshore Corp. common stock beneficial ownership is reported by Encompass Capital Advisors LLC, Encompass Capital Partners LLC, Todd J. Kantor, and Encompass Capital Master Fund L.P. The first three each report 12,063,568 shares, or 6.29%; the Master Fund reports 10,894,822 shares, or 5.68%. Each reports shared voting and dispositive power over the stated amount and zero sole voting or dispositive power. Todd J. Kantor is identified as a reporting person and as managing member of Encompass Capital Advisors LLC and Encompass Capital Partners LLC, and director of Encompass Capital Master Fund L.P.
Key Figures
Beneficial ownership:12,063,568 sharesPercent of class:6.29%Beneficial ownership:10,894,822 shares+1 more
4 metrics
Beneficial ownership12,063,568 sharesEach reported by Encompass Capital Advisors LLC, Encompass Capital Partners LLC, and Todd J. Kantor
Percent of class6.29%Reported by Encompass Capital Advisors LLC, Encompass Capital Partners LLC, and Todd J. Kantor
Beneficial ownership10,894,822 sharesReported by Encompass Capital Master Fund L.P.
Percent of class5.68%Reported by Encompass Capital Master Fund L.P.
Key Terms
beneficially owned, Shared Voting Power, Shared Dispositive Power
3 terms
beneficially ownedregulatory
"Amount beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared Voting Powerregulatory
"Shared Voting Power 12,063,568.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 12,063,568.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many SOC shares do the reporting persons beneficially own?
Encompass Capital Advisors LLC, Encompass Capital Partners LLC, and Todd J. Kantor each report beneficial ownership of 12,063,568 Sable Offshore Corp. shares (6.29%); Encompass Capital Master Fund L.P. reports 10,894,822 shares (5.68%).
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Sable Offshore Corp.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
78574H104
(CUSIP Number)
10/01/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Encompass Capital Advisors LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,063,568.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,063,568.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,063,568.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.29 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Todd J. Kantor
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,063,568.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,063,568.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,063,568.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.29 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Encompass Capital Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
12,063,568.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
12,063,568.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
12,063,568.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.29 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
78574H104
1
Names of Reporting Persons
Encompass Capital Master Fund L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,894,822.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,894,822.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,894,822.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.68 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sable Offshore Corp.
(b)
Address of issuer's principal executive offices:
845 Texas Avenue, Suite 2920 Houston, TX 77002
Item 2.
(a)
Name of person filing:
Encompass Capital Advisors LLC
Encompass Capital Partners LLC
Todd J. Kantor
Encompass Capital Master Fund L.P.
(b)
Address or principal business office or, if none, residence:
Encompass Capital Advisors LLC: 200 Park Avenue, Suite 1604, New York, NY 10166
Encompass Capital Partners LLC: 200 Park Avenue, Suite 1604, New York, NY 10166
Todd J. Kantor is c/o Encompass Capital Advisors LLC: 200 Park Avenue, Suite 1604, New York, NY 10166
Encompass Capital Master Fund L.P.: C/o Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, E9 KY1-9009
(c)
Citizenship:
Encompass Capital Advisors LLC is a Delaware Limited Liability Company
Encompass Capital Partners LLC is a Delaware Limited Liability Company
Todd J. Kantor is a US citizen
Encompass Capital Master Fund L.P. is a Cayman Islands exempted Limited Partnership
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
78574H104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Encompass Capital Advisors LLC 12,063,568.00
Todd J. Kantor 12,063,568.00
Encompass Capital Partners LLC 12,063,568.00
Encompass Capital Master Fund L.P. 10,894,822.00
(b)
Percent of class:
Encompass Capital Advisors LLC 6.29%
Todd J. Kantor 6.29%
Encompass Capital Partners LLC 6.29%
Encompass Capital Master Fund L.P. 5.68%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Encompass Capital Advisors LLC 0
Todd J. Kantor 0
Encompass Capital Partners LLC 0
Encompass Capital Master Fund L.P. 0
(ii) Shared power to vote or to direct the vote:
Encompass Capital Advisors LLC 12,063,568.00
Todd J. Kantor 12,063,568.00
Encompass Capital Partners LLC 12,063,568.00
Encompass Capital Master Fund L.P. 10,894,822.00
(iii) Sole power to dispose or to direct the disposition of:
Encompass Capital Advisors LLC 0
Todd J. Kantor 0
Encompass Capital Partners LLC 0
Encompass Capital Master Fund L.P. 0
(iv) Shared power to dispose or to direct the disposition of:
Encompass Capital Advisors LLC 12,063,568.00
Todd J. Kantor 12,063,568.00
Encompass Capital Partners LLC 12,063,568.00
Encompass Capital Master Fund L.P. 10,894,822.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Encompass Capital Advisors LLC
Signature:
Todd J. Kantor
Name/Title:
Todd J. Kantor | Managing Member
Date:
10/08/2026
Todd J. Kantor
Signature:
Todd J. Kantor
Name/Title:
Todd J. Kantor
Date:
10/08/2026
Encompass Capital Partners LLC
Signature:
Todd J. Kantor
Name/Title:
Todd J. Kantor | Managing Member
Date:
10/08/2026
Encompass Capital Master Fund L.P.
Signature:
Todd J. Kantor
Name/Title:
Todd J. Kantor | Director
Date:
10/08/2026
Exhibit Information
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on SCHEDULE 13G with respect to the shares of Common Shares of Sable Offshore Corp., dated as of October 8, 2026 is, and any amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: October 8, 2026
Encompass Capital Advisors LLC
By: Todd J. Kantor
Name: Todd J. Kantor
Title: Managing Member
Todd J. Kantor
By: Todd J. Kantor
Name: Todd J. Kantor
Encompass Capital Partners LLC
By: Todd J. Kantor
Name: Todd J. Kantor
Title: Managing Member
Encompass Capital Master Fund L.P.
By: Todd J. Kantor
Name: Todd J. Kantor
Title: Director
