Filing Flows › Sable Offshore (SOC) › Q2 2026
Sable Offshore (SOC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Sable Offshore (SOC) reported revenue of $137M for the second quarter 2026 (Q2 2026) and up 108-fold from the quarter before. Operating margin was -48.8%, net loss $64.2M (46.8% of revenue).
Sable Offshore, Q2 2026: revenue $137M, operating margin -48.8%, net loss $64.2M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | 108× | — |
| Operating profit | −$66.9M | — | — |
| Net earnings | −$64.2M | — | — |
| Operating cash flow | $9.4M | — | — |
What changed
Revenue was $137.1M in Q2 2026, up 10689% from the previous quarter. Oil and natural gas liquids sales was the largest line at 100% of revenue.
Operating costs exceeded revenue by $66.9M, an operating margin of -48.8%. The quarter ended with a net loss of $64.2M, narrower than the previous quarter's $197.0M loss. Non-operating items added $29.7M, -80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.4M. Non-cash charges added back $32.0M of depreciation and amortization and $15.4M of share-based compensation. Working capital and other items added $26.3M. Capital expenditures of $31.5M exceeded it, leaving free cash flow of −$22.1M.
Questions
What was Sable Offshore's revenue in the second quarter 2026?
Sable Offshore (SOC) reported revenue of $137M for the second quarter 2026 (Q2 2026) and up 108-fold from the quarter before.
Was Sable Offshore profitable in the second quarter 2026?
Operating loss was $66.9M (-48.8% of revenue) and net loss $64.2M.
Source: Sable Offshore 10-Q on SEC EDGAR.