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
DateValue
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