Sable Offshore (SOC) Long-Term Investments (2021 - 2023)
Sable Offshore's (SOC) quarterly Long-Term Investments came in at $63.6 million in Q4 2023, down 78.14% YoY from $290.7 million in Q4 2022, and down 0.6% on a QoQ basis from $63.9 million in Q3 2023.
Sable Offshore (SOC) Long-Term Investments (2021 - 2023) Analysis & Trends
Sable Offshore (SOC) has 3 years of Long-Term Investments data on file, last reported at $63.6 million in Q4 2023.
- Quarterly Long-Term Investments fell 78.14% year-over-year to $63.6 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $63.6 million (down 78.14% YoY) and the FY2023 annual result came in at $63.6 million, down 78.14% from the prior year.
- Long-Term Investments slipped to $63.6 million in Q4 2023, from $63.9 million in the prior quarter.
- In the past five years, Long-Term Investments ranged from a high of $290.7 million in Q4 2022 to a low of $63.6 million in Q4 2023.
- A 3-year average of $217.2 million and a median of $287.5 million in 2021 frame the typical range for Long-Term Investments.
- Annual changes were most pronounced in 2022 — Long-Term Investments gained 1.11% — and 2023, when it sank 78.14%.
- Tracing SOC's Long-Term Investments over 3 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 72.86 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 66.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | 10.30 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | - |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 4.97 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 139.20 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 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 |