Sable Offshore (SOC) Operating Income (2021 - 2026)
Sable Offshore posted quarterly Operating Income of -$118.8 million for Q1 2026, down 98.6% year-on-year 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) has 6 years of Operating Income data on file, last reported at -$118.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 98.6% year-over-year to -$118.8 million; the trailing twelve-month figure through Mar 2026 stood at -$467.2 million (down 105.47% YoY), and the FY2025 full-year result was -$408.3 million, down 24.95% from the prior year.
- Operating Income for Q1 2026 stood at -$118.8 million, down from -$100.2 million in the prior quarter.
- Across five years, Operating Income topped out at -$306338.0 in Q2 2022 and bottomed at -$159.1 million in Q1 2024.
- The 5-year median for Operating Income is -$50.8 million (2024), against an average of -$56.1 million.
- The widest annual swing landed in 2023, when Operating Income tumbled 7184.44%; it then surged 62.43% in 2025.
- A 5-year view of Operating Income shows it stood at -$4.1 million in 2022, then tumbled by 538.88% to -$26.4 million in 2023, then sank by 92.03% to -$50.8 million in 2024, then tumbled by 97.42% to -$100.2 million in 2025, then declined 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 90.38 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 225.31 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 287.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | -14.32 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | -36.92 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 24.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -118.75 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | -475.21 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | 67.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -424,566.00 |
| Mar 31, 2021 | -105,227.00 |