Filing Flows › Sable Offshore (SOC) › Q3 2026
Sable Offshore (SOC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Sable Offshore (SOC) reported revenue of $154M for the third quarter 2026 (Q3 2026) and +13% from the quarter before. Operating margin was -27.0%, net loss $269M (174.5% of revenue).
Sable Offshore, Q3 2026: revenue $154M, operating margin -27.0%, net loss $269M, operating cash flow −$73.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | +13% | — |
| Operating profit | −$41.6M | — | — |
| Net earnings | −$269M | — | — |
| Operating cash flow | −$73.7M | -883% | — |
What changed
Revenue was $154.4M in Q3 2026, up 13% from the previous quarter. Oil and natural gas liquids sales was the largest line at 100% of revenue.
Operating costs exceeded revenue by $41.6M, an operating margin of -27.0%. The quarter ended with a net loss of $269.3M, wider than the previous quarter's $64.2M loss. Net interest and other expense of $230.4M was the main reason.
Operating cash flow was −$73.7M. Non-cash charges added back $44.0M of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items added $139.5M. Capital expenditures of $59.0M exceeded it, leaving free cash flow of −$132.7M.
Questions
What was Sable Offshore's revenue in the third quarter 2026?
Sable Offshore (SOC) reported revenue of $154M for the third quarter 2026 (Q3 2026) and +13% from the quarter before.
Was Sable Offshore profitable in the third quarter 2026?
Operating loss was $41.6M (-27.0% of revenue) and net loss $269M.
Source: Sable Offshore 10-Q on SEC EDGAR.