Sable Offshore (SOC) EBIT (2021 - 2026)
Sable Offshore (SOC) reported EBIT of -$118.8 million for Q1 2026, down 98.6% on a YoY basis from -$8.5 billion in Q1 2025, and down 18.5% quarter-over-quarter from -$100.2 million in Q4 2025.
Sable Offshore (SOC) EBIT (2021 - 2026) Analysis & Trends
Sable Offshore has reported EBIT for 6 years, with the latest figure at -$118.8 million in Q1 2026.
- For the quarter ending Q1 2026, EBIT fell 98.6% year-over-year to -$118.8 million; the trailing twelve-month figure through Mar 2026 stood at -$467.2 million (down 105.47% YoY), and the FY2025 full-year result was -$408.3 million, down 24.95% from the prior year.
- EBIT for Q1 2026 stood at -$118.8 million, down from -$100.2 million in the prior quarter.
- The five-year high for EBIT was -$306338.0 in Q2 2022, with the low at -$159.1 million in Q1 2024.
- Historically, EBIT has averaged -$56.1 million across 5 years, with a median of -$50.8 million in 2024.
- Annual changes were most pronounced in 2023 — EBIT sank 7184.44% — and 2025, when it surged 62.43%.
- Sable Offshore's EBIT stood at -$4.1 million in 2022, then plunged by 538.88% to -$26.4 million in 2023, then slumped by 92.03% to -$50.8 million in 2024, then plunged by 97.42% to -$100.2 million in 2025, then dropped by 18.5% to -$118.8 million in 2026.
- The last three EBIT figures came in at -$118.8 million (Q1 2026), -$100.2 million (Q4 2025), and -$119.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 90.38 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 225.31 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 287.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -14.32 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -36.92 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 24.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -118.75 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | -475.21 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 46.00 Mn |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 20.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -118.75 Mn |
| Dec 31, 2025 | -100.22 Mn |
| Sep 30, 2025 | -119.38 Mn |
| Jun 30, 2025 | -128.89 Mn |
| Mar 31, 2025 | -59.80 Mn |
| Dec 31, 2024 | -50.76 Mn |
| Sep 30, 2024 | -54.61 Mn |
| Jun 30, 2024 | -62.24 Mn |
| Mar 31, 2024 | -159.14 Mn |
| Dec 31, 2023 | -26.44 Mn |
| Sep 30, 2023 | -22.54 Mn |
| Jun 30, 2023 | -22.32 Mn |
| Mar 31, 2023 | -23.19 Mn |
| Dec 31, 2022 | -4.14 Mn |
| Sep 30, 2022 | -1.28 Mn |
| Jun 30, 2022 | -306,338.00 |
| Mar 31, 2022 | -424,493.00 |
| Dec 31, 2021 | -846,355.00 |
| Sep 30, 2021 | -306,668.00 |
| Jun 30, 2021 | -424,566.00 |