Sable Offshore (SOC) Operating Expenses (2021 - 2026)
Sable Offshore's (SOC) quarterly Operating Expenses came in at $204.0 million in Q2 2026, up 58.29% on a YoY basis from $128.9 million in Q2 2025, and up 69.98% quarter-over-quarter from $120.0 million in Q1 2026.
Analysis
Sable Offshore (SOC) Operating Expenses (2021 - 2026) Analysis & Trends
Sable Offshore (SOC) has reported Operating Expenses for 6 consecutive years, with $204.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 58.29% year-over-year to $204.0 million; the trailing twelve-month figure through Jun 2026 stood at $543.6 million (up 84.88% YoY), and the FY2025 full-year result was $408.3 million, up 24.95% from the prior year.
- Operating Expenses rose to $204.0 million in Q2 2026 per SOC's latest filing, from $120.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $204.0 million in Q2 2026 and bottomed at $306338.0 in Q2 2022.
- Historically, Operating Expenses has averaged $63.2 million across 5 years, with a median of $52.7 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 13820.37% in 2024, then tumbled 62.43% in 2025.
- Over 5 years, Operating Expenses stood at $4.1 million in 2022, then jumped by 538.88% to $26.4 million in 2023, then surged by 92.03% to $50.8 million in 2024, then surged by 97.42% to $100.2 million in 2025, then surged by 103.58% to $204.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $204.0 million, $120.0 million, and $100.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 420.76 Bn | 412.23 Bn | 33.45 Bn | 53.37 Bn |
| 2 | Shell | 281.29 Bn | 240.42 Bn | 30.13 Bn | 3.02 Bn |
| 3 | TotalEnergies SE | 234.09 Bn | 202.37 Bn | 23.46 Bn | 46.44 Bn |
| 4 | Eni Spa | 170.41 Bn | 154.84 Bn | - | 22.08 Mn |
| 5 | Equinor Asa | 117.46 Bn | 108.14 Bn | - | -22.18 Bn |
| 6 | Phillips 66 | 105.04 Bn | 100.94 Bn | 8.38 Bn | 47.07 Bn |
| 7 | Suncor Energy | 84.10 Bn | 78.73 Bn | 17.50 Bn | 17.00 Mn |
| 8 | Imperial Oil | 63.63 Bn | 61.57 Bn | - | 9.54 Bn |
| 9 | Cenovus Energy | 60.52 Bn | 58.56 Bn | 7.32 Bn | 978.82 Mn |
| 10 | Sable Offshore | 753.52 Mn | 731.92 Mn | - | 204.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 204.02 Mn |
| Mar 31, 2026 | 120.03 Mn |
| Dec 31, 2025 | 100.22 Mn |
| Sep 30, 2025 | 119.38 Mn |
| Jun 30, 2025 | 128.89 Mn |
| Mar 31, 2025 | 59.80 Mn |
| Dec 31, 2024 | 50.76 Mn |
| Sep 30, 2024 | 54.61 Mn |
| Jun 30, 2024 | 62.24 Mn |
| Mar 31, 2024 | 159.14 Mn |
| Dec 31, 2023 | 26.44 Mn |
| Sep 30, 2023 | 22.54 Mn |
| Jun 30, 2023 | 22.32 Mn |
| Mar 31, 2023 | 1.14 Mn |
| Dec 31, 2022 | 4.14 Mn |
| Sep 30, 2022 | 1.28 Mn |
| Jun 30, 2022 | 306,338.00 |
| Mar 31, 2022 | 424,493.00 |
| Dec 31, 2021 | 846,355.00 |
| Sep 30, 2021 | 306,668.00 |