Sable Offshore (SOC) Long-Term Investments (2021 - 2023)
Sable Offshore (SOC) reported Long-Term Investments of $63.6 million for Q4 2023, down 78.14% on a YoY basis from $290.7 million in Q4 2022, and down 0.6% quarter-over-quarter from $63.9 million in Q3 2023.
Sable Offshore (SOC) Long-Term Investments (2021 - 2023) Analysis & Trends
Sable Offshore has reported Long-Term Investments for 3 years, with the latest figure at $63.6 million in Q4 2023.
- For the quarter ending Q4 2023, Long-Term Investments fell 78.14% year-over-year to $63.6 million; the trailing twelve-month figure through Dec 2023 stood at $63.6 million (down 78.14% YoY), and the FY2023 full-year result was $63.6 million, down 78.14% from the prior year.
- Long-Term Investments for Q4 2023 stood at $63.6 million, down from $63.9 million in the prior quarter.
- The five-year high for Long-Term Investments was $290.7 million in Q4 2022, with the low at $63.6 million in Q4 2023.
- Historically, Long-Term Investments has averaged $217.2 million across 3 years, with a median of $287.5 million in 2021.
- Annual changes were most pronounced in 2022 — Long-Term Investments gained 1.11% — and 2023, when it sank 78.14%.
- Sable Offshore's Long-Term Investments stood at $287.5 million in 2021, then gained by 1.11% to $290.7 million in 2022, then slumped by 78.14% to $63.6 million in 2023.
- The last three Long-Term Investments figures came in at $63.6 million (Q4 2023), $63.9 million (Q3 2023), and $87.3 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 5.43 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 | - |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | 85.61 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 62.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | - |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | - |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | 10.60 Mn |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | 128.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 63.56 Mn |
| Sep 30, 2023 | 63.94 Mn |
| Jun 30, 2023 | 87.29 Mn |
| Mar 31, 2023 | 86.86 Mn |
| Dec 31, 2022 | 290.72 Mn |
| Sep 30, 2022 | 288.81 Mn |
| Jun 30, 2022 | 287.70 Mn |
| Mar 31, 2022 | 287.51 Mn |
| Dec 31, 2021 | 287.52 Mn |
| Sep 30, 2021 | 287.51 Mn |
| Jun 30, 2021 | 287.51 Mn |
| Mar 31, 2021 | 287.50 Mn |