Sable Offshore (SOC) Interest Expenses (2020 - 2026)
Sable Offshore's (SOC) quarterly Interest Expenses came in at $34.7 million in Q1 2026, up 65.24% YoY from $21.0 million in Q1 2025, and up 37.45% on a QoQ basis from $25.2 million in Q4 2025.
Sable Offshore (SOC) Interest Expenses (2020 - 2026) Analysis & Trends
Sable Offshore (SOC) has 6 years of Interest Expenses data on file, last reported at $34.7 million in Q1 2026.
- Quarterly Interest Expenses rose 65.24% year-over-year to $34.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $101.9 million (up 29.7% YoY) and the FY2025 annual result came in at $209.4 million, up 174.3% from the prior year.
- Interest Expenses rose to $34.7 million in Q1 2026, from $25.2 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $34.7 million in Q1 2026 to a low of $335000.0 in Q1 2022.
- A 4-year average of $17.5 million and a median of $19.2 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses soared 345.47% — and 2025, when it advanced 9.38%.
- Tracing SOC's Interest Expenses over 4 years: stood at $1.6 million in 2022, then jumped by 1130.22% to $19.2 million in 2024, then soared by 31.48% to $25.2 million in 2025, then surged by 37.45% to $34.7 million in 2026.
- The last three Interest Expenses figures came in at $34.7 million (Q1 2026), $25.2 million (Q4 2025), and $21.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 36.20 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -20.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 20.40 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 24.44 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 16.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 236.40 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 42.68 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 8.89 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 43.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.10 Mn |
| Jun 30, 2026 | 43.10 Mn |
| Mar 31, 2026 | 34.70 Mn |
| Mar 31, 2026 | 34.70 Mn |
| Dec 31, 2025 | 25.25 Mn |
| Dec 31, 2025 | 25.25 Mn |
| Sep 30, 2025 | 21.00 Mn |
| Sep 30, 2025 | 21.00 Mn |
| Jun 30, 2025 | 21.00 Mn |
| Jun 30, 2025 | 21.00 Mn |
| Mar 31, 2025 | 21.00 Mn |
| Mar 31, 2025 | 21.00 Mn |
| Dec 31, 2024 | 19.20 Mn |
| Dec 31, 2024 | 19.20 Mn |
| Sep 30, 2024 | 19.20 Mn |
| Sep 30, 2024 | 19.20 Mn |
| Jun 30, 2024 | 19.20 Mn |
| Jun 30, 2024 | 19.20 Mn |
| Mar 31, 2024 | 9.80 Mn |
| Mar 31, 2024 | 9.80 Mn |