Event-Driven Stocks

Sable Offshore Corp.

SOCNYSE

Energy · Crude Petroleum & Natural Gas · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 1 good● 1 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$0$0$0———
Operating income−$408.3M−$11.7M−$94.5M−$6.2M−$1.7M−$1,657
Net income−$410.2M−$11.8M−$93.7M−$2.6M$4.3M−$1,657
Total assets$1.74B$1.58B$711.6M$290.9M$288.4M$304,223
Total liabilities$1.21B$1.20B$372.6M$18.9M$13.9M$280,880
Equity$534.3M−$19.1M$339.0M−$18.3M−$12.9M$23,343
EPS (diluted)$-4.18$-9.21————
Shares out.89.4M60.2M————

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
—
Net margin
—
Return on equity
−76.8%
Return on assets
−23.6%
Return on capital (ROCE)
−56.9%
Liabilities / assets
69.3%
Debt / equity
2.26×
Book value / share
$5.98
Revenue growth (YoY)
—
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-6.53distress
Accruals / assets
−3.4%clean
Piotroski F-Score
2/8weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
31
/ 100
Profitability 0Growth n/aCatalyst 33Earnings quality 67Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 2 severe● 1 warning● 1 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Negative operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
7 acquisitions3 disposalsnet −237,243 shares · last 10
InsiderDateTypeSharesPrice
Dillard Michael E.DirectorMay 6, 2026Grant50,000$0.00
Pipkin Gregory PhillipDirectorMay 6, 2026Grant50,000$0.00
Sarofim Christopher BinyonDirectorMay 6, 2026Grant25,000$0.00
Flores James CaldwellOfficer — President, COOApr 28, 2026Option exercise100,000—
Patrinely Gregory D.Officer — EVP, CFOApr 28, 2026Option exercise100,000—
Duenner AnthonyOfficer — See RemarksApr 28, 2026Option exercise100,000—
Flores James COfficer — Chairman &amp; CEOApr 28, 2026Option exercise175,000—
Flores James CaldwellOfficer — President, COOMar 31, 2026Sell279,081$16.69
Patrinely Gregory D.Officer — EVP, CFOMar 31, 2026Sell279,081$16.69
Duenner AnthonyOfficer — See RemarksMar 31, 2026Sell279,081$16.69

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202624.9M8.9-0.4%
Apr 30, 202625.0M7.9-11.4%
Apr 15, 202628.2M6.5+14.7%
Mar 31, 202624.6M3.8-21.0%
Mar 13, 202631.2M3.0-4.2%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (3)

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