Sable Offshore Corp. (SOC) reported second-quarter 2026 financial and operational results, including $137.1 million in total revenue and $9.4 million of positive cash flows from operating activities.
The company reported average daily net sales volumes of about 21 thousand barrels of oil per day during the quarter and exited the period with oil sales of about 40 thousand net barrels of oil per day.
- Second-quarter capital expenditures were $39.4 million.
- Sable ended the quarter with 154,531,910 shares of common stock outstanding.
- July 2026 preliminary oil sales were estimated at about 38,000 gross barrels of oil per day.
- August 2026 oil sales averaged about 42,000 gross barrels of oil per day through August 9.
- The company reduced its second-half 2026 midpoint capital expenditure guidance by 41% to $85 million.
- Sable completed refinancing transactions on July 2, 2026, including a $675.0 million senior secured term loan B and $345.0 million of 6.5% convertible senior notes.
$SOC Insider Trading Activity
$SOC insiders have traded $SOC stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $SOC stock by insiders over the last 6 months:
- ANTHONY DUENNER (See Remarks) has made 0 purchases and 3 sales selling 359,136 shares for an estimated $5,733,945.
- GREGORY D. PATRINELY (EVP, CFO) has made 0 purchases and 3 sales selling 359,135 shares for an estimated $5,733,932.
- JAMES CALDWELL FLORES (President, COO) has made 0 purchases and 3 sales selling 359,135 shares for an estimated $5,733,932.
- JAMES C FLORES (Chairman & CEO) has made 0 purchases and 2 sales selling 140,089 shares for an estimated $1,883,391.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$SOC Hedge Fund Activity
We have seen 140 institutional investors add shares of $SOC stock to their portfolio, and 88 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONTINENTAL GENERAL INSURANCE CO added 13,065,004 shares (+2041.1%) to their portfolio in Q1 2026, for an estimated $215,833,866
- ALYESKA INVESTMENT GROUP, L.P. removed 8,401,984 shares (-75.7%) from their portfolio in Q1 2026, for an estimated $138,800,775
- CAPITAL INTERNATIONAL INVESTORS removed 4,023,581 shares (-34.7%) from their portfolio in Q1 2026, for an estimated $66,469,558
- TWO SEAS CAPITAL LP added 3,763,472 shares (+217.1%) to their portfolio in Q1 2026, for an estimated $62,172,557
- STATE STREET CORP added 3,211,740 shares (+69.7%) to their portfolio in Q2 2026, for an estimated $9,892,159
- CAPITAL WORLD INVESTORS added 2,364,101 shares (+inf%) to their portfolio in Q1 2026, for an estimated $39,054,948
- MORGAN STANLEY added 2,040,112 shares (+39.0%) to their portfolio in Q1 2026, for an estimated $33,702,650
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
