Sable Offshore Future Growth

Future criteria checks 5/6

Sable Offshore is forecast to grow earnings and revenue by 61.7% and 44.4% per annum respectively while EPS is expected to grow by 68% per annum.

Key information

61.7%

Earnings growth rate

68.0%

EPS growth rate

Oil and Gas earnings growth	5.8%
Revenue growth rate	44.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	30 Sep 2024

Recent future growth updates

Recent updates

Sable Offshore May Face Challenges Going Into First Production

May 07

Earnings and Revenue Growth Forecasts

NYSE:SOC - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	816	270	161	364	1
12/31/2025	676	200	56	373	2
12/31/2024	109	-368	N/A	-78	2
6/30/2024	N/A	-332	-87	-83	N/A
3/31/2024	N/A	-189	-43	-43	N/A
12/31/2023	N/A	-32	-4	-4	N/A
9/30/2023	N/A	-68	-39	-39	N/A
6/30/2023	N/A	-57	-38	-38	N/A
3/31/2023	N/A	-32	-21	-21	N/A
12/31/2022	N/A	-3	-2	-2	N/A
9/30/2022	N/A	8	-2	-2	N/A
6/30/2022	N/A	19	-2	-2	N/A
3/31/2022	N/A	11	-2	-2	N/A
12/31/2021	N/A	4	-2	-2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).

Earnings vs Market: SOC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SOC is expected to become profitable in the next 3 years.

Revenue vs Market: SOC's revenue (44.4% per year) is forecast to grow faster than the US market (8.7% per year).

High Growth Revenue: SOC's revenue (44.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SOC's Return on Equity is forecast to be high in 3 years time

Sable Offshore Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 15% to US$31.33

Recent updates

Price target increased by 15% to US$31.33

Sable Offshore Corp. announced that it expects to receive $150 million in funding

New minor risk - Share price stability

Independent Director recently sold US$1.2m worth of stock

U.S. Department of the Interior Bureau of Ocean Energy Management and U.S. Department of the Interior Bureau of Safety and Environmental Enforcement Approves Assignments of Record Title Interest from Exxon Mobil Corporation to Sable Offshore Corp

Executive VP & COO recently sold US$2.7m worth of stock

Sable Offshore May Face Challenges Going Into First Production

Chairman & CEO recently bought US$200k worth of stock

New major risk - Shareholder dilution

Flame Acquisition Corp. (NYSE:SOC) completed the acquisition of Sable Offshore Corp.

Sable Offshore Corp. completed the acquisition of Flame Acquisition Corp. (NYSE:FLME) from Flame Acquisition Sponsor LLC, Saba Capital Management, L.P., Sculptor Capital LP, Hartree Partners, LP and Others in a reverse merger transaction.

Flame Acquisition Corp. announced that it expects to receive $0.535 million in funding from Flame Acquisition Sponsor LLC

High number of new and inexperienced directors

Chairman recently bought US$76k worth of stock

Sable Offshore Corp. entered into a business combination to acquire Flame Acquisition Corp. (NYSE:FLME) from Flame Acquisition Sponsor LLC and others for $29.8 million in a reverse merger transaction.

Flame Acquisition Corp. announced that it has received $0.2 million in funding from Flame Acquisition Sponsor LLC

Flame Acquisition Corp. announced delayed annual 10-K filing

Flame Acquisition Regains Compliance with NYSE Listed Company Manual

Flame Acquisition Corp. announced delayed 10-Q filing

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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