Sable Offshore (SOC) Operating Income (2021 - 2026)
Sable Offshore's (SOC) quarterly Operating Income came in at -$118.8 million in Q1 2026, down 98.6% YoY from -$8.5 billion in Q1 2025, and down 18.5% on a QoQ basis from -$100.2 million in Q4 2025.
Sable Offshore (SOC) Operating Income (2021 - 2026) Analysis & Trends
Sable Offshore (SOC) has 6 years of Operating Income data on file, last reported at -$118.8 million in Q1 2026.
- Quarterly Operating Income fell 98.6% year-over-year to -$118.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$467.2 million (down 105.47% YoY) and the FY2025 annual result came in at -$408.3 million, down 24.95% from the prior year.
- Operating Income retreated to -$118.8 million in Q1 2026, from -$100.2 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$306338.0 in Q2 2022 to a low of -$159.1 million in Q1 2024.
- A 5-year average of -$56.1 million and a median of -$50.8 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2023 — Operating Income sank 7184.44% — and 2025, when it surged 62.43%.
- Tracing SOC's Operating Income over 5 years: stood at -$4.1 million in 2022, then plunged by 538.88% to -$26.4 million in 2023, then slumped by 92.03% to -$50.8 million in 2024, then plunged by 97.42% to -$100.2 million in 2025, then dropped by 18.5% to -$118.8 million in 2026.
- The last three Operating Income figures came in at -$118.8 million (Q1 2026), -$100.2 million (Q4 2025), and -$119.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 30.48 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 152.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -6.96 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 188.21 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 72.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 300,000.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -492.67 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 70.16 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 51.10 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -66.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -66.89 Mn |
| Mar 31, 2026 | -118.75 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 | -23.19 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 |