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13.11.25 - 22:12
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Sable Offshore Corp. Reports Third Quarter 2025 Financial Results (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced its third quarter 2025 operational and financial results.
Third Quarter 2025 Financial Highlights
Reported a net loss of $110.4 million, primarily attributable to production restart-related operating expenses and non-cash interest expense, partially offset by a non-cash gain in the fair value of warrant liabilities.
Ended the quarter with 99,507,250 shares of Common Stock outstanding.
Concluded the quarter with short-term outstanding debt of $896.6 million, inclusive of paid-in-kind interest.
Ended the quarter with cash and cash equivalents balance of $41.6 million.
About Sable
Sable Offshore Corp. is an independent oil and gas company, headquartered in Houston, Texas, focused on responsibly developing the Santa Ynez Unit in federal waters offshore California. The Sable team has extensive experience safely operating in California.
Forward-Looking Statements
The information in this press release in...
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10.11.25 - 14:21
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Sable Offshore Corp. Announces $250 Million Private Placement of Shares (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (NYSE: SOC, “Sable”, or the “Company”) today announced it has entered into subscription agreements to issue 45,454,546 shares of its common stock in a private placement to institutional investors at a purchase price of $5.50 per share. Sable expects to receive gross proceeds of approximately $250 million, before deducting placement agent fees and other offering expenses.
The private placement is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the private placement for general corporate purposes. Upon closing, this offering is expected to satisfy the common equity contribution condition of the Senior Secured Term Loan amendment announced by the Company on November 3, 2025.
Jefferies and TD Cowen are acting as joint placement agents for the private placement.
The shares of common stock being issued and sold in the private placement have not been registered ...
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