Sable Offshore Corp. (NYSE:SOC) is one of the On May 6, 2026, Sable Offshore Corp. (NYSE:SOC) reported Q1 EPS of ($1.37), versus the consensus estimate of (52c).
Revenue totaled $1.27M, versus the consensus estimate of $8.05M
The company said it continues progressing discussions tied to the refinancing of its Senior Secured Term Loan, which it expects to complete during Q2 2026. On April 22, 2026, Jefferies lowered the firm’s price target on Sable Offshore Corp. (NYSE:SOC) to $24 from $30 while maintaining a Buy rating following the company’s operational and financial update and a fireside chat hosted with CEO Jim Flores and CFO Greg Patrinely. Earlier in April, Sable Offshore Corp. (NYSE:SOC) provided a broader corporate update covering operational, legal, and financial developments.
The company said the previously announced restart of oil transportation through Segments 324 and 325 of the Santa Ynez Pipeline System was completed in compliance with applicable safety standards under its pipeline integrity management program. Sable said 40 wells currently operating across Platform Harmony and Platform Heritage are producing an average of 750 gross barrels of oil per day per well. Once all 74 production wells are online, the company expects average production to reach approximately 700 gross barrels per day per well.