BUZZ-Sable Offshore surges as it restarts SYU platforms, doubles production guidance
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Sable Offshore's shares surged 20.6% to $34.80 after announcing the restart of production at the Santa Ynez Unit (SYU) offshore platforms and doubling its production guidance for the second half of 2025. The company expects net average daily production to reach 40,000-50,000 barrels of oil equivalent per day, up from a previous forecast of 20,000-25,000 boepd. Sable Offshore maintains a total capex outlook of $70-$90 million for 2H25, with shares up 26% year-to-date, giving it a market cap of approximately $2.6 billion.
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