Sable Offshore Corp.

NYSE:SOC Stock Report

Market Cap: US$751.5m

Sable Offshore Management

Management criteria checks 1/4

Sable Offshore's CEO is James Flores, appointed in Feb 2024, has a tenure of 2.42 years. total yearly compensation is $75.94M, comprised of 1.7% salary and 98.3% bonuses, including company stock and options. directly owns 6.13% of the company’s shares, worth $46.07M. The average tenure of the management team and the board of directors is 2.4 years and 2.4 years respectively.

Key information

James Flores

Chief executive officer

US$75.9m

Total compensation

CEO salary percentage1.71%
CEO tenure2.4yrs
CEO ownership6.1%
Management average tenure2.4yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 30

Sable Offshore: Uncertainty Makes This A Binary Play (Downgrade)

Summary Sable Offshore Corp. faces severe uncertainty after a 55.8% stock drop due to a highly dilutive financing plan. Despite the potential for strong future EBITDA, SOC’s high leverage, negative cash flow, and costly debt refinancing create significant bankruptcy risk. Recent financing includes up to $460M in equity and convertible notes, plus a $675M term loan at a steep 15% rate. I downgrade SOC to ‘sell’ given unresolved financing terms, operational uncertainty, and a precarious regulatory and legal environment. Read the full article on Seeking Alpha
Analysis Article • Jun 20

Sable Offshore (SOC) Stock Could Be 97.8% Below Fair Value After Reserve Reports

Reports that the Trump administration is considering a major California petroleum reserve have put Sable Offshore (SOC) in focus, with investors weighing what potential supplier status and federal support could mean for long term operations. See our latest analysis for Sable Offshore. The renewed attention on Sable Offshore comes after a sharp reset in sentiment, with the stock down about 30% on a 1 month share price basis and the 1 year total shareholder return declining around 54%. This...
Seeking Alpha • Jan 23

Sable Offshore: Too Much Uncertainty For Comfort

Summary Sable Offshore Corp. shares spiked 7.9% on January 22nd, with no specific news identified; the stock is up 127.6% since February 2024. The company has significant upside potential but faces regulatory challenges and uncertainty, leading me to rate it a “hold” for cautious investors. Sable Offshore's main asset is the Santa Ynez field, acquired from ExxonMobil, with 646 million boe in reserves but dormant since a 2015 oil spill. Despite potential production plans, the company's future economics are unclear, making SOC stock a speculative investment compared to its peers. Read the full article on Seeking Alpha
Seeking Alpha • Dec 23

Sable Offshore Is In The Final Hour

Summary Sable Offshore is progressing toward restarting operations. Despite political challenges and lower oil prices, Sable has attracted institutional ownership, providing price support for SOC shares. Sable is targeting to begin producing in 2025, aiming to produce 25-29Mboe/d in 2025, potentially generating $575mm in net revenue. Once operational, Sable is targeting peak production by 2030 at 50Mboe/d+. Read the full article on Seeking Alpha
Seeking Alpha • May 07

Sable Offshore May Face Challenges Going Into First Production

Summary Sable Offshore is an integrated oil company with assets in the California market, including the Santa Ynez Field and Las Flores Canyon Processing Facility. The company faces significant operational and political risks as it seeks final approval to restart production after being idled since 2014 due to a pipeline leak. If successful, the firm can offer significant upside potential; however, given the political climate in California, I believe that management is underestimating the timeline to first oil. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has James Flores's remuneration changed compared to Sable Offshore's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-US$498m

Dec 31 2025US$76mUS$1m

-US$410m

Sep 30 2025n/an/a

-US$364m

Jun 30 2025n/an/a

-US$509m

Mar 31 2025n/an/a

-US$547m

Dec 31 2024US$2mUS$1m

-US$617m

Compensation vs Market: James's total compensation ($USD75.94M) is above average for companies of similar size in the US market ($USD3.54M).

Compensation vs Earnings: James's compensation has increased whilst the company is unprofitable.

CEO

James Flores (67 yo)

2.4yrs
Tenure
US$75,943,061
Compensation

Mr. James C. Flores serves as Advisory Board at Intrepid Investment Management, LLC. He serves as Chairman & Chief Executive Officer of Sable Offshore Corp. since February 2024. Prior to that, Mr. Flores s...

Leadership Team

NamePositionTenureCompensationOwnership
James Flores
Chairman & CEO2.4yrsUS$75.94m6.13%
$ 46.1m
J. Flores
President & COO3.3yrsUS$18.10m0.38%
$ 2.8m
Gregory Patrinely
Executive VP & CFO2.4yrsUS$18.09m0.29%
$ 2.2m
Anthony Duenner
Executive VP2.4yrsUS$18.10m0.33%
$ 2.5m
Harrison Breaud
Vice President of Finance & Investor Relationsno datano datano data
Brian Broussard
Senior Vice President of Developmentless than a yearno datano data
Trent Fontenot
Senior Vice President of Operationsless than a yearno datano data
2.4yrs
Average Tenure
53yo
Average Age

Experienced Management: SOC's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
James Flores
Chairman & CEO2.4yrsUS$75.94m6.13%
$ 46.1m
Michael Dillard
Independent Director2.4yrsUS$495.50k0.26%
$ 2.0m
Gregory Pipkin
Independent Director5.3yrsUS$495.50k0.088%
$ 658.7k
Christopher Sarofim
Independent Director2.4yrsUS$495.50k3.63%
$ 27.2m
2.4yrs
Average Tenure
66.5yo
Average Age

Experienced Board: SOC's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 06:59
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sable Offshore Corp. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Subhasish ChandraBenchmark Company
Francis Lloyd ByrneJefferies LLC
Charles MeadeJohnson Rice & Company, L.L.C.