Sable Offshore (SOC) Cash Flow: Operating & Free Cash Flow

Sable Offshore Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Sable Offshore Corp. (SOC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Operating Activities
Net Income	-410.16	-629.07	-93.67	-2.59	4.27	0.00
Depreciation & Amortization	14.51	13.43	21.02	0.00	0.00	0.00
Deferred Income Tax	11.67	-0.05	0.00	0.00	0.00	0.00
Stock Based Compensation	42.68	91.61	0.00	0.00	0.00	0.00
Change in Working Capital	-9.44	266.31	2.56	5.19	-0.33	0.00
Change in Inventory	-5.67	7.26	2.20	0.00	0.00	0.00
Change in Accounts Payable	3.78	46.05	-4.43	4.68	0.28	0.00
Change in Other Working Capital	88.25	-7.14	6.99	-3.82	-0.08	0.00
Other Operating Activities	88.25	72.22	26.35	-3.82	-0.08	0.00
Net Cash from Operating Activities	-351.70	-185.44	-70.10	-1.71	-2.01	0.00
Investing Activities
Capital Expenditures	-417.62	-72.30	0.00	0.00	0.00	0.00
Acquisitions	0.00	-203.95	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.79	0.00	0.00
Other Investing Activities	0.00	0.00	231.58	0.79	-287.50	0.00
Net Cash from Investing Activities	-417.62	-276.25	231.58	0.79	-287.50	0.00
Financing Activities
Debt Repayment	0.00	-19.88	2.57	0.71	-0.08	0.04
Common Stock Issued	545.00	796.24	70.10	0.00	281.75	-0.03
Common Stock Repurchased	0.00	0.00	-230.13	0.00	0.00	0.00
Other Financing Activities	-13.76	-32.23	0.00	0.00	-0.80	0.00
Net Cash from Financing Activities	531.24	744.13	70.10	0.71	289.82	0.01
Summary
Effect of Forex Changes on Cash	0.00	53.07	0.00	0.00	0.00	0.00
Net Change in Cash	-238.09	282.44	0.00	-0.22	0.31	0.01
Cash at Beginning of Period	335.77	0.27	0.10	0.32	0.01	0.00
Cash at End of Period	97.68	335.77	0.27	0.10	0.32	0.01
Free Cash Flow	-769.33	-257.74	-70.10	-1.71	-2.01	0.00
Supplemental Disclosures
Income Taxes Paid	-	-	-	0.43	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sable Offshore Cash Flow

What is Sable Offshore's free cash flow?

Sable Offshore had negative free cash flow of $769.33M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$351.70M minus $417.62M of capital expenditures.

How much does Sable Offshore spend on capital expenditures?

Sable Offshore spent $417.62M on capital expenditures in fiscal 2025, compared with $72.30M a year earlier.

Does Sable Offshore pay dividends or buy back shares?

Sable Offshore's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition