Sable Offshore net loss narrows to $64.22 million in Q2 FY26; revenue turns to $137.13 million

Reuters2026/08/10 21:14

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Sable Offshore posted Q2 revenue of $137.13 million, swinging from no revenue a year earlier as oil sales began in March 2026.
Net loss narrowed to $64.22 million from $128.07 million, while operating loss improved to $66.89 million from $128.89 million.
Operations and maintenance costs more than doubled to $113.47 million on restart-related activity, including $18.5 million of demurrage charges.
Six-month revenue totaled $138.4 million, while the net loss widened to $261.24 million from $237.61 million.
July refinancing raised USD 345 million of 6.5% Convertible Senior Notes due 2031, added a USD 675 million Term Loan B, repaid the Exxon term loan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sable Offshore Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001831481-26-000104), on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sable Offshore net loss narrows to $64.22 million in Q2 FY26; revenue turns to $137.13 million

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