---
title: "Sable Offshore | 8-K: FY2026 Q2 Revenue: USD 137.1 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295456547.md"
datetime: "2026-08-10T22:01:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295456547.md)
  - [en](https://longbridge.com/en/news/295456547.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295456547.md)
generator: "portal-rs"
---

# Sable Offshore | 8-K: FY2026 Q2 Revenue: USD 137.1 M

Revenue: As of FY2026 Q2, the actual value is USD 137.1 M.

#### Financial and Operational Metrics

The provided text, a Current Report on Form 8-K, refers to a press release and presentation materials that contain Sable Offshore Corp.’s financial and operational results for the period ended June 30, 2026, but specific metrics such as segment revenue, net income, gross margin, operating profit, operating margin, operating costs, cash flow, or unique company-specific indicators are not detailed within the body of this report itself. 

#### Second Quarter 2026 Financial Results

Sable Offshore Corp. achieved $137.1 million in total revenue and generated $9.4 million of positive cash flows from operating activities in the second quarter of 2026. This marked the first full quarter of revenue generation and positive operating cash flow since inception. The company reported $39.4 million in capital expenditures during the quarter. 

#### Financial Updates

Sable Offshore Corp. completed refinancing transactions on July 2, 2026. These included a $675.0 million Senior Secured Term Loan B due December 15, 2028, with a 15.0% annual coupon and mandatory amortization payments. Additionally, $345.0 million in 6.5% Convertible Senior Notes due July 1, 2031, were issued with an initial conversion price of $4.00/share. The company also issued $115.0 million of Common Stock at a share price of $3.08/share and established a $500.0 million Senior Revolving Credit Facility for commodity hedging purposes, maturing on December 15, 2028. A commodity hedging program commenced with $65/Bbl Brent floor prices. 

#### Operational Metrics

Average daily net sales volumes were approximately 21 thousand barrels of oil per day in Q2 2026. Sable Offshore Corp. exited the second quarter with oil sales of approximately 40 thousand net barrels of oil per day, representing a 149% entry to exit oil sales growth rate compared to the first day of the quarter. Production averaged 723 barrels of oil per day per well from an average of 35 producing wells daily. The number of online wells increased by 50% from approximately 26 in April 2026 to about 39 in June 2026. Las Flores Canyon crude oil inventory grew 49% during the quarter, from 212,390 to 316,495 barrels. 

#### Unique Operational Costs

Sable Offshore Corp. incurred $18.5 million of non-recurring demurrage charges during the second quarter, which were recognized in operational expenses, due to local refineries displacing imported cargos. 

#### Outlook / Guidance

Sable Offshore Corp. reduced its 2H 2026E midpoint capital expenditures by 41% to $85 million to optimize cash flow and accelerate debt amortization. The company increased its 2027 expected oil ratio to approximately 100% from a prior midpoint of 91% due to deferred gas plant capital items and stronger oil cut from producing wells. For 2H 2026E, net average daily sales are projected between 40,000 and 45,000 Boe/d, with total capital expenditures ranging from $75 million to $95 million.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**