Encompass files 13G/A on SOC: 8.40%+ ownership disclosed

Rhea-AI Filing Summary

Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC filed Amendment No. 1 to Schedule 13G reporting passive beneficial ownership in Sable Offshore Corp. (SOC) as of 09/30/2025.

Encompass Capital Advisors LLC and Todd J. Kantor each report 8,397,316 shares, representing 8.44% of the common stock, with shared voting and dispositive power and no sole power. Encompass Capital Partners LLC reports 6,679,328 shares, or 6.71%, also with shared voting and dispositive power and no sole power. The certification states the securities were not acquired for the purpose of changing or influencing control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Sable Offshore Corp.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

78574H104

(CUSIP Number)

09/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 8,397,316.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,397,316.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,397,316.00

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)

8.44 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 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 8,397,316.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,397,316.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,397,316.00

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)

8.44 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 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 6,679,328.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,679,328.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,679,328.00

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)

6.71 %

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 Todd J. Kantor Encompass Capital Partners LLC
(b)	Address or principal business office or, if none, residence: Encompass Capital Advisors LLC: 200 Park Avenue, Suite 1604, New York, NY 10166 Todd J. Kantor: c/o 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
(c)	Citizenship: Encompass Capital Advisors LLC is a Delaware Limited Liability Company Todd J. Kantor is a US citizen Encompass Capital Partners LLC is a Delaware Limited Liability Company
(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 8,397,316 Todd J. Kantor 8,397,316 Encompass Capital Partners LLC 6,679,328
(b)	Percent of class: Encompass Capital Advisors LLC 8.44% Todd J. Kantor 8.44% Encompass Capital Partners LLC 6.71%
(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
	(ii) Shared power to vote or to direct the vote: Encompass Capital Advisors LLC 8,397,316 Todd J. Kantor 8,397,316 Encompass Capital Partners LLC 6,679,328
	(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
	(iv) Shared power to dispose or to direct the disposition of: Encompass Capital Advisors LLC 8,397,316 Todd J. Kantor 8,397,316 Encompass Capital Partners LLC 6,679,328
Item 5.	Ownership of 5 Percent or Less of a Class.
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:	11/14/2025

Todd J. Kantor

Signature:	Todd J. Kantor
Name/Title:	Todd J. Kantor
Date:	11/14/2025

Encompass Capital Partners LLC

Signature:	Todd J. Kantor
Name/Title:	Todd J. Kantor | Managing Member
Date:	11/14/2025

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 September 30, 2025 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: November 14, 2025 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

FAQ

Who filed the Schedule 13G/A for Sable Offshore Corp (SOC)?

The filing was made by Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC.

What stake does Encompass Capital Advisors LLC report in SOC?

It reports 8,397,316 shares, representing 8.44% of the common stock, with shared voting and dispositive power.

What stake does Encompass Capital Partners LLC report in SOC?

It reports 6,679,328 shares, representing 6.71% of the common stock, with shared voting and dispositive power.

Does the filer have sole voting or dispositive power over SOC shares?

No. Each reporting person discloses 0 sole voting power and 0 sole dispositive power.

What is the event date for this ownership report?

The date of the event requiring the filing is 09/30/2025.

Is this a passive investment under Schedule 13G?

Yes. The certification states the securities were not acquired to change or influence control.

What is the security and CUSIP in this filing?

The security is Common Stock of Sable Offshore Corp., CUSIP 78574H104.