Sable Offshore (SOC) Net Income (2021 - 2026)
Sable Offshore's (SOC) quarterly Net Income came in at -$197.0 million in Q1 2026, down 79.86% YoY from -$978.3 million in Q1 2025, and down 216.89% on a QoQ basis from -$62.2 million in Q4 2025.
Sable Offshore (SOC) Net Income (2021 - 2026) Analysis & Trends
Sable Offshore (SOC) has 6 years of Net Income data on file, last reported at -$197.0 million in Q1 2026.
- Quarterly Net Income fell 79.86% year-over-year to -$197.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$497.6 million (up 8.98% YoY) and the FY2025 annual result came in at -$410.2 million, up 33.55% from the prior year.
- Net Income slipped to -$197.0 million in Q1 2026, from -$62.2 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $6.4 million in Q1 2022 to a low of -$255.6 million in Q3 2024.
- A 5-year average of -$77.7 million and a median of -$25.1 million in 2023 frame the typical range for Net Income.
- Annual changes were most pronounced in 2022 — Net Income soared 6286.02% — and 2023, when it plunged 11931.29%.
- Tracing SOC's Net Income over 5 years: stood at -$11.6 million in 2022, then sank by 115.54% to -$25.1 million in 2023, then surged by 35.59% to -$16.2 million in 2024, then slumped by 284.57% to -$62.2 million in 2025, then sank by 216.89% to -$197.0 million in 2026.
- The last three Net Income figures came in at -$197.0 million (Q1 2026), -$62.2 million (Q4 2025), and -$110.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | -36.68 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 170.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -19.28 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 78.12 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 29.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | -241.40 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | -1.52 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 12.90 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 47.00 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | -64.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -64.22 Mn |
| Mar 31, 2026 | -197.03 Mn |
| Dec 31, 2025 | -62.17 Mn |
| Sep 30, 2025 | -110.38 Mn |
| Jun 30, 2025 | -128.07 Mn |
| Mar 31, 2025 | -109.54 Mn |
| Dec 31, 2024 | -16.17 Mn |
| Sep 30, 2024 | -255.57 Mn |
| Jun 30, 2024 | -165.44 Mn |
| Mar 31, 2024 | -180.11 Mn |
| Dec 31, 2023 | -25.10 Mn |
| Sep 30, 2023 | -23.07 Mn |
| Jun 30, 2023 | -22.31 Mn |
| Mar 31, 2023 | -23.19 Mn |
| Dec 31, 2022 | -11.65 Mn |
| Sep 30, 2022 | -191,750.00 |
| Jun 30, 2022 | 2.82 Mn |
| Mar 31, 2022 | 6.42 Mn |
| Dec 31, 2021 | -670,184.00 |
| Sep 30, 2021 | 10.13 Mn |