# Sable Offshore (SOC.US)

Canonical: https://gigainvestors.com/s/SOC

Analysis as of: 2026-10-16T07:32:01.902Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $3.32 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 89% since Jul 2025 · "Sable Offshore (SOC) Loses 11% on Pipeline Uncertainties Anew" (finance.yahoo.com, Jun 2026)

Story as of 2026-10-16T09:59:36.719Z; price observation 2026-10-15.

- 2025-07-19: Sable Offshore (SOC) Climbs 11.8% on Las Flores Legal Win ([finance.yahoo.com](https://finance.yahoo.com/news/sable-offshore-soc-climbs-11-182326070.html))

- 2025-10-15: Sable Offshore sinks as California judge blocks Santa Ynez oil pipeline restart ([seekingalpha.com](https://seekingalpha.com/news/4504112-sable-offshore-sinks-as-california-judge-blocks-santa-ynez-oil-pipeline-restart?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2025-12-23: Stock Market Today, Dec. 23: Sable Offshore Surges After Regulators Approve California Pipeline Restart ([finance.yahoo.com](https://finance.yahoo.com/news/stock-market-today-dec-23-224518381.html))

- 2026-03-13: Trump administration says Sable Offshore can resume California oil operations ([seekingalpha.com](https://seekingalpha.com/news/4564542-trump-administration-says-sable-offshore-can-resume-california-oil-operations?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### Where the cash goes

Paid no dividends in 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-27); FY2021: growth capex 0; upkeep 4; owner earnings 4274756. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-27); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 11.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-04); SOC.US SharesStats.PercentInsiders = 11.125 percentage points; cache date 2026-10-04.

### What the price says

The price is 0.6 times net assets; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-27); Closing price 3.32 USD; reporting-to-trading FX 1; FY2025 net assets per share 5.442092241814991; price multiple 0.6100594867706152. FY2025 cash earnings/share -8.300065849659374. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2021-04: $9.69 per share

- 2021-05: $9.66 per share

- 2021-06: $9.66 per share

- 2021-07: $9.67 per share

- 2021-08: $9.69 per share

- 2021-09: $9.72 per share

- 2021-10: $9.77 per share

- 2021-11: $9.75 per share

- 2021-12: $9.72 per share

- 2022-01: $9.68 per share

- 2022-02: $9.72 per share

- 2022-03: $9.75 per share

- 2022-04: $9.79 per share

- 2022-05: $9.76 per share

- 2022-06: $9.79 per share

- 2022-07: $9.83 per share

- 2022-08: $9.83 per share

- 2022-09: $9.83 per share

- 2022-10: $9.95 per share

- 2022-11: $10.11 per share

- 2022-12: $10.05 per share

- 2023-01: $10.14 per share

- 2023-02: $10.30 per share

- 2023-03: $10.13 per share

- 2023-04: $10.18 per share

- 2023-05: $10.19 per share

- 2023-06: $10.27 per share

- 2023-07: $10.29 per share

- 2023-08: $10.39 per share

- 2023-09: $10.46 per share

- 2023-10: $10.48 per share

- 2023-11: $10.60 per share

- 2023-12: $11.39 per share

- 2024-01: $12.36 per share

- 2024-02: $12.22 per share

- 2024-03: $10.96 per share

- 2024-04: $10.40 per share

- 2024-05: $15.39 per share

- 2024-06: $15.07 per share

- 2024-07: $16.82 per share

- 2024-08: $16.84 per share

- 2024-09: $23.63 per share

- 2024-10: $22.36 per share

- 2024-11: $23.48 per share

- 2024-12: $22.90 per share

- 2025-01: $24.93 per share

- 2025-02: $28.37 per share

- 2025-03: $25.37 per share

- 2025-04: $18.66 per share

- 2025-05: $28.78 per share

- 2025-06: $21.98 per share

- 2025-07: $30.67 per share

- 2025-08: $26.98 per share

- 2025-09: $17.46 per share

- 2025-10: $10.46 per share

- 2025-11: $4.37 per share

- 2025-12: $9.02 per share

- 2026-01: $9.68 per share

- 2026-02: $8.25 per share

- 2026-03: $16.52 per share

- 2026-04: $14.35 per share

- 2026-05: $14.65 per share

- 2026-06: $3.08 per share

- 2026-07: $5.29 per share

- 2026-08: $4.83 per share

- 2026-09: $3.46 per share

- 2026-10: $3.32 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1831481/000183148126000026/socc-20251231.htm); period 2025-12-31, filed 2026-02-27.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.