Q2 FY2026 EarningsQ2 FY26 results significantly missed consensus expectations as production ramp-up lagged aggressive market forecasts. Revenue of $137.1M fell 42.6% short of the $239.0M estimate, while GAAP EPS of -$0.42 missed the anticipated $0.43 profit by a wide margin. Operating losses were driven by $113.5M in maintenance and restart costs, including $18.5M in start-up demurrage. Despite the earnings miss, the post-quarter completion of a $1.1B refinancing package has successfully alleviated 'going concern' doubts and extended debt maturities to late 2028.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Sable Offshore(SOC) the Revenue is 137.13 M (--%), Miss estimate;the EBIT is -66.89 M (+48.1%), Miss estimate;the EPS is -0.42 (+70%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.14B--
0.24B--
-0.10B--%
EBITMiss expectations
-0.07B48.10%
0.14B208.62%
-0.21B160.52%
EPSMiss expectations
-0.4270.00%
0.43130.71%
-0.850060.71%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf