Sable Offshore is a Houston-based independent upstream oil and gas company concentrated on the Santa Ynez Unit in federal waters off California. The asset base includes offshore platforms such as Hondo, Harmony, and Heritage, together with the associated Santa Ynez Pipeline System that moves production onshore. After acquiring the complex, management’s focus has been restoring safe pipeline operations and responsibly developing the field’s existing infrastructure. The business is managed as a single oil and gas segment tied to this California offshore franchise.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 0 | — | -109.5 | — |
| Q2 2025 | 0 | — | -128.1 | — |
| Q3 2025 | 0 | — | -110.4 | — |
| Q4 2025 | 0 | — | -62.2 | — |
| Q1 2026 | 1.3 | — | -197 | — |
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