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Sable Offshore Corp (SOC) Fair Value & Analysis

Energy · US · Market cap $2.1B

SO Sable Offshore Corp logo Sable Offshore Corp SOC · US
Price$8.94
Fair Value$6.23
Upside-30.3%
Quality95/100
Evidence: Low Range $4.67 – $7.79

Fair value as of: Jun 24, 2026

From 2 valuation models · updated 5 days ago

Share price −52.4% over the past month.

Price vs Fair Value (12 months)

$40.65 $5.28 Fair Value $6.23 Jun 2025 Jun 2026

12‑month range $5.28 – $40.65 · fair‑value band $4.67 – $7.79 · the $8.94 price screens above the $6.23 fair value. As of Jun 24, 2026.

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Analysis

Sable Offshore Corp (SOC) currently trades at $8.94, while our model-based Fair Value estimate is $6.23 — implying the stock looks roughly 30.3% overvalued today. We read business quality at 95/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at $1.3M. The balance sheet holds a net cash position of $97.7M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $1.3M
Return on equity -142%
Free cash flow −$769M FY2025
Operating margin -9,343%
EPS (TTM) $-4.25
Net cash $97.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is headquartered in Houston, Texas.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sable Offshore Corp reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$410M in FY2025.

Revenue
FY21 $0
FY22 $0
FY23 $0
FY24 $0
FY25 $0
Net income
FY21 $4.3M
FY22 −$2.6M
FY23 −$93.7M
FY24 −$629M
FY25 −$410M

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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6 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Valaris Limited VAL $88.98 $60.91 -32%
Sinopec Oilfield Service Corporation 600871 ¥2.16 ¥0.6800 -69%
Patterson-UTI Energy, Inc PTEN $11.51 $10.29 -11%
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Frequently asked questions

Is Sable Offshore Corp (SOC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $6.23 versus a price of $8.94 — about −30% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SOC?
Our 21-model fair value for Sable Offshore Corp is $6.23 (as of Jun 24, 2026), built from audited fundamentals. The current price is $8.94.
What is the quality score of SOC?
Sable Offshore Corp has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sable Offshore Corp (SOC)?
Sable Offshore Corp reported trailing-twelve-month revenue of about $1.3M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SOC?
The net profit margin of Sable Offshore Corp is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.