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Sable Offshore Corp. (SOC)

NYSE: SOC · Crude Petroleum & Natural Gas · Houston, TX · filing with the SEC since 2020
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Grade4.2
◀ Past 3.6● Present 3.7▶ Future 5.6
6 est.
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The grade of Sable Offshore Corp.

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past3.640% of the headline
● Present3.735% of the headline
▶ Future5.625% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 3 read as filed from the record and 6 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.6/1040% of the headline grade · 1 of 3 filed, 2 estimated

Surviving crises

as filed
1.6/10

Has it survived what it has been through?

7 warning events since 2020; the latest 2026-07-13.

weight 45% of this tense · 16th percentile among 83 sector filers · read for itself

From the record

Sable Offshore Corp.'s filings since 2020 show 7 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2021-06-01); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-11-17); an auditor change (8-K item 4.01, 2 times, the latest 2026-07-13); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2022-04-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

SI estimate
5.2/10

What has it actually done, year after year?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 75 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one.
What the record cannot read
Fewer than three filed years of revenue on file.
How it was reasoned
family median, 75 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s track record is put at 5.2 of 10 with a confidence of 20 of 100, because fewer than three filed years of revenue on file, so the desk assumes the typical reading of its industry family, the median of 75 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Shareholder treatment

SI estimate
5.4/10

How has it treated the people who own it?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 68 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 68 members with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
family median, 68 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s shareholder treatment is put at 5.4 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 68 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.7/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
1.0/10

Is it financially healthy right now?

ROE -77%: lost 77¢ per shareholder dollar. Leverage 69%: owes 69¢ per asset dollar.

weight 45% of this tense · 10th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Sable Offshore Corp. lost about 77 cents for every dollar of shareholders' money. Leverage: it owed about 69 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 14% of its family
  • return on equitybottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

SI estimate
5.5/10

How strong is its position in its industry?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 76 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
No filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 76 members with one.
What the record cannot read
No filed revenue on file.
How it was reasoned
family median, 76 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s industry position is put at 5.5 of 10 with a confidence of 20 of 100, because no filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 76 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Leadership

as filed
6.6/10

What are the people in charge doing?

top 34% of 51 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 66th percentile among 51 sector filers · read for its shareholders

From the record

Sable Offshore Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Flores, James C (Chairman & CEO, as filed), filing under that title since 2021-02-24, 5.7 years (top 22% of its family); the 7 officers and directors filing in the last fifteen months have been on the record a median of 5.7 years (bottom 46%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge2 in three years among 7 peopletop 25% of its family
  • the median years the people in charge have filed5.7 yearsbottom 46% of its family
  • the chief executive's years on the record5.7 yearstop 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1025% of the headline grade · 0 of 3 filed, 3 estimated

Room to expand

SI estimate
8.5/10

How much room does it have to grow?

SI estimate 8.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 85th percentile among 78 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 15% of 78 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 78 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s room to expand is put at 8.5 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 15% of 78 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

SI estimate
4.8/10

What could actually drive growth from here?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 73 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read
The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned
family median, 73 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s growth drivers is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Expectations vs reality

SI estimate
4.8/10

Did its newest year beat what its own record pointed to?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 69 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 69 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Sable Offshore Corp.'s expectations vs reality is put at 4.8 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 69 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SOC · research, not advice