Sable Offshore (SOC) Change in Accured Expenses (2021 - 2026)
Sable Offshore (SOC) reported Change in Accured Expenses of $20.2 million for Q1 2026, up 1491.19% on a YoY basis from $1.3 million in Q1 2025, and up 219.51% quarter-over-quarter from -$16.9 million in Q4 2025.
Sable Offshore (SOC) Change in Accured Expenses (2021 - 2026) Analysis & Trends
Sable Offshore has reported Change in Accured Expenses for 6 years, with the latest figure at $20.2 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Accured Expenses rose 1491.19% year-over-year to $20.2 million; the trailing twelve-month figure through Mar 2026 stood at $22.7 million (up 204.42% YoY), and the FY2025 full-year result was $3.8 million, down 93.01% from the prior year.
- Change in Accured Expenses for Q1 2026 stood at $20.2 million, up from -$16.9 million in the prior quarter.
- The five-year high for Change in Accured Expenses was $77.0 million in Q1 2024, with the low at -$23.9 million in Q2 2024.
- Historically, Change in Accured Expenses has averaged $4.6 million across 5 years, with a median of -$12029.0 in 2022.
- Annual changes were most pronounced in 2024 — Change in Accured Expenses jumped 110108.57% — and 2025, when it sank 2822.8%.
- Sable Offshore's Change in Accured Expenses stood at $3.5 million in 2022, then plunged by 148.22% to -$1.7 million in 2023, then soared by 66.06% to -$579000.0 in 2024, then slumped by 2822.8% to -$16.9 million in 2025, then jumped by 219.51% to $20.2 million in 2026.
- The last three Change in Accured Expenses figures came in at $20.2 million (Q1 2026), -$16.9 million (Q4 2025), and -$1.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | - |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | - |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | - |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -110.25 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 16.26 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 40.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | 20.22 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | -24.51 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 100,000.00 |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.22 Mn |
| Mar 31, 2026 | 20.22 Mn |
| Dec 31, 2025 | -16.92 Mn |
| Dec 31, 2025 | -16.92 Mn |
| Sep 30, 2025 | -1.74 Mn |
| Sep 30, 2025 | -1.74 Mn |
| Jun 30, 2025 | 21.16 Mn |
| Jun 30, 2025 | 21.16 Mn |
| Mar 31, 2025 | 1.27 Mn |
| Mar 31, 2025 | 1.27 Mn |
| Dec 31, 2024 | -579,000.00 |
| Dec 31, 2024 | -579,000.00 |
| Sep 30, 2024 | 1.42 Mn |
| Sep 30, 2024 | 1.42 Mn |
| Jun 30, 2024 | -23.88 Mn |
| Jun 30, 2024 | -23.88 Mn |
| Mar 31, 2024 | 77.01 Mn |
| Mar 31, 2024 | 77.01 Mn |
| Dec 31, 2023 | -1.71 Mn |
| Dec 31, 2023 | -1.71 Mn |