Sable (SOC) Reports Q1 EPS of ($1.37) Missing Estimates
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowSable Offshore Corp. (SOC) reported a Q1 EPS of ($1.37), missing the consensus estimate of $0.52. Revenue for the quarter was $1.27M, significantly below the expected $8.05M. The company is actively working on refinancing its Senior Secured Term Loan, projected to be completed in Q2 2026. Sable anticipates an average production of approximately 700 gross barrels of oil per day per well once all 74 production wells are operational, alongside an expected capital spending of $180M through December 2026.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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