Sable Offshore Corp. 8K

Sable Offshore Corp. announced strong second quarter 2026 ramp-up results and positive operating cash flow, completed a major refinancing and equity raise, and provided updated guidance amid temporary midstream and marketing constraints in California.

On August 10, 2026, Sable Offshore Corp. reported its first full quarter of revenue generation and positive operating cash flow since inception, detailing second quarter 2026 financial and operational results, including $137.1 million in revenue, $9.4 million of operating cash flow, significant production ramp from its Santa Ynez Unit assets, and $39.4 million of capex, as well as a comprehensive July 2, 2026 refinancing package consisting of a $675 million Senior Secured Term Loan B due 2028, $345 million of 6.5% Convertible Senior Notes due 2031, a $115 million common equity issuance, and a $500 million undrawn revolver, alongside updated guidance, hedging positions, and commentary on temporary midstream and California refinery constraints impacting throughput and marketing differentials.

Filing Facts

CIK

1831481

Ticker

-

Form

8K

Source Type

sec

Accession

0001831481-26-000105

Alert Tier

7