Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's oil production activities [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [4]. - The complaint alleges that Sable Offshore and its executives made false statements regarding the restart of oil production off the California coast, which were not true [6]. - Investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline repair activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [7]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [7]. Group 3: Firm Background and Contact Information - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [5]. - The firm encourages anyone with information regarding Sable Offshore's conduct to contact them, including whistleblowers and former employees [9].

[Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Sable Offshore Corp. announced financial results for the period ended June 30, 2025, via a press release, with the information furnished but not filed under the Exchange Act - The company announced its financial results for the period ending June 30, 2025, via a press release issued on August 12, 2025[3](index=3&type=chunk) - The information in the press release (Exhibit 99.1) is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other SEC filings[4](index=4&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section details the exhibits accompanying the Form 8-K filing, primarily the press release with financial results | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release of Sable Offshore Corp., dated August 12, 2025, announcing results for the period ended June 30, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

PART I – FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(unaudited)) This section presents unaudited financial statements, highlighting the lack of comparability between Predecessor and Successor periods [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew to $1.77 billion and total liabilities rose to $1.33 billion, with stockholders' equity increasing to $445.6 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$1,772,038** | **$1,583,172** | | Cash and cash equivalents | $247,141 | $300,384 | | Total oil and gas properties - net | $1,427,039 | $1,194,447 | | **Total Liabilities** | **$1,326,411** | **$1,198,987** | | Senior Secured Term Loan (Current) | $875,561 | $— | | Senior Secured Term Loan (Non-current) | $— | $833,542 | | **Total Stockholders' Equity** | **$445,627** | **$384,185** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported zero revenue and a Q2 2025 net loss of $128.1 million, an improvement due to fair value changes in warrant liabilities Statement of Operations Summary (Successor, in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | | :--- | :--- | :--- | :--- | | Total Revenue | $— | $— | $— | | Loss from operations | $(128,888) | $(62,235) | $(188,684) | | Net loss | $(128,066) | $(165,436) | $(237,610) | | Basic and diluted net loss per share | $(1.40) | $(2.75) | $(2.70) | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders'%20Equity) Stockholders' equity increased to $445.6 million, driven by a $282.6 million stock issuance offset by a net loss of $237.6 million - The primary drivers for the change in stockholders' equity were a **$282.6 million capital raise** from a stock issuance, offset by a **net loss of $237.6 million**[16](index=16&type=chunk)[29](index=29&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash decreased by $53.0 million as cash used in operations and investing was partially offset by financing activities from a stock offering Cash Flow Summary (Successor, Six Months Ended June 30, 2025, in thousands) | Cash Flow Activity | Amount | | :--- | :--- | | Net cash used in operating activities | $(142,948) | | Net cash used in investing activities | $(192,982) | | Net cash provided by financing activities | $282,933 | | **Net change in cash** | **$(52,997)** | | Cash, cash equivalents and restricted cash, end of period | $282,775 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, debt, legal issues, and a substantial doubt about the company's ability to continue as a going concern - On May 15, 2025, the company **restarted production** at the Santa Ynez Unit (SYU) and began flowing oil to its onshore storage facility[28](index=28&type=chunk) - The company discloses that **substantial doubt exists about its ability to continue as a going concern** due to the need to refinance its Senior Secured Term Loan and obtain regulatory approvals[36](index=36&type=chunk)[33](index=33&type=chunk) - The company is involved in **multiple legal and regulatory proceedings** with state and federal agencies that could impact its ability to operate[124](index=124&type=chunk)[129](index=129&type=chunk)[132](index=132&type=chunk) Senior Secured Term Loan Details | Metric | Value | | :--- | :--- | | Balance (June 30, 2025) | $875.9 million (incl. PIK interest) | | Interest Rate | 10.0% per annum | | Maturity Date | January 10, 2026 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial results, production restart, liquidity challenges, and significant legal and regulatory hurdles [Overview and Recent Events](index=34&type=section&id=Overview%20and%20Recent%20Events) The company acquired SYU assets, restarted production, raised capital, and faces ongoing legal and regulatory challenges - On May 19, 2025, the company announced it had **restarted production at SYU** as of May 15, 2025, and completed its pipeline anomaly repair program[198](index=198&type=chunk) - In May 2025, the company closed an upsized public offering of 10 million shares, raising approximately **$282.6 million in net proceeds**[193](index=193&type=chunk) - The company is engaged in legal disputes with the California Coastal Commission, which has imposed an **$18.0 million administrative penalty** that the company is contesting[205](index=205&type=chunk) [Results of Operations](index=38&type=section&id=Results%20of%20Operations) Q2 2025 net loss decreased to $128.1 million due to warrant value changes, despite significant increases in operating and G&A expenses Comparison of Operating Results (Successor, Q2 2025 vs Q2 2024, in thousands) | Account | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Operations and maintenance expenses | $50,398 | $26,294 | 91.7% | | General and administrative expenses | $75,318 | $33,217 | 126.7% | | Loss from operations | $(128,888) | $(62,235) | 107.1% | | Change in fair value of warrant liabilities | $(27,146) | $81,178 | nm | | Net loss | $(128,066) | $(165,436) | (22.6)% | - The increase in Q2 2025 G&A expenses was primarily due to **$35.7 million in higher restart-related incentive compensation costs** and $7.8 million in higher legal costs[217](index=217&type=chunk) [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity depends on equity offerings to cover expenses and refinance a term loan maturing in January 2026, raising going concern doubts - The restart of production triggered an **acceleration of the Senior Secured Term Loan's maturity date to January 10, 2026**, requiring it to be refinanced[227](index=227&type=chunk)[232](index=232&type=chunk) - Management estimates remaining start-up expenses of approximately **$66.6 million** are needed to commence sales of production, anticipated in Q3 2025[229](index=229&type=chunk) - For the six months ended June 30, 2025, net cash used in operating activities was **$142.9 million**, while net cash provided by financing activities was **$282.9 million**[234](index=234&type=chunk)[238](index=238&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, this section is not required - As a smaller reporting company, Sable Offshore Corp. is **not required to provide** quantitative and qualitative disclosures about market risk[264](index=264&type=chunk) [Item 4. Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes - The CEO and CFO concluded that as of June 30, 2025, the company's disclosure controls and procedures were **effective at the reasonable assurance level**[266](index=266&type=chunk) - **No changes in internal controls** over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[267](index=267&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 8 of the financial statements for details on material legal proceedings - For a full description of material pending legal and regulatory matters, the report refers to **Part I, Item 1, Note 8 — Commitments and Contingencies**[268](index=268&type=chunk) [Item 1A. Risk Factors](index=49&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors disclosed in the 2024 Form 10-K have occurred - As of the date of this report, there have been **no material changes** to the risk factors disclosed in the company's 2024 Form 10-K[269](index=269&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=49&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - **None reported**[270](index=270&type=chunk) [Item 3. Defaults Upon Senior Securities](index=49&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - **None reported**[271](index=271&type=chunk) [Item 4. Mine Safety Disclosures](index=49&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - **Not Applicable**[272](index=272&type=chunk) [Item 5. Other Information](index=49&type=section&id=Item%205.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the quarter - During the three months ended June 30, 2025, **no director or officer** of the Company adopted or terminated a Rule 10b5-1 trading arrangement[273](index=273&type=chunk) [Item 6. Exhibits](index=50&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed as part of the quarterly report

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Sable Offshore Corp. securities during the specified Class Period and secondary public offering about the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Sable securities between May 19, 2025, and June 3, 2025, or through the May 21, 2025, secondary public offering may be eligible for compensation without any out-of-pocket fees [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 26, 2025 [3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements regarding its oil production activities off the coast of California, which were not accurate [5]. - As a result of these misleading statements, investors are claimed to have suffered damages when the true information became public [5].

Core Viewpoint - A class action securities lawsuit has been filed against Sable Offshore Corp. due to alleged securities fraud affecting investors who purchased shares between May 19, 2025, and June 3, 2025, and those involved in the company's secondary public offering on May 21, 2025 [1][2][3] Group 1 - The lawsuit aims to recover losses for investors adversely affected by false statements made by the defendants regarding the company's oil production activities off the coast of California [3] - Allegations include that Sable Offshore Corp. misrepresented its business operations and prospects, leading to materially false and misleading statements [3] - Investors are encouraged to contact Levi & Korsinsky for more information and to potentially participate in the lawsuit without any out-of-pocket costs [4][5] Group 2 - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5]

Core Viewpoint - The Sable Offshore Corp. is facing a class action lawsuit due to alleged misrepresentations regarding its oil production activities during a secondary public offering (SPO) period, which has led to significant stock price declines [1][3][4]. Company Overview - Sable Offshore operates as an independent oil and gas company and conducted a secondary public offering on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [2][3]. Allegations and Events - The lawsuit claims that Sable Offshore and its executives misrepresented the status of oil production off the California coast, stating that operations had restarted when they had not [3]. - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, which led to a stock price drop of over 15% [4]. - On June 4, 2025, it was revealed that a court had granted temporary restraining orders preventing Sable from restarting oil transportation, causing further declines in stock price [5]. Legal Process - Investors who purchased Sable Offshore securities during the class period can seek to be appointed as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all affected investors [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7][8].

NEW YORK, Aug. 11, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Sable Offshore Corp. (NYSE: SOC). Shareholders who purchased shares of SOC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/sable-offshore-corp-loss-submission-form/?id=160437&from=4 CLASS PERIOD: This lawsuit ...

NEW YORK, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the "Class") who purchased or acquired publicly traded Sable Offshore Corp. ("Sable Offshore" or the "Company") (NYSE: SOC) securities between May 19, 2025 and June 3, 2025, inclusive (the "Class Period"), and/or pursuant and/or traceable to the Company's May 21, 2025 secondary public offering. Should You Join This Class Action Lawsuit? If you pu ...

Core Viewpoint - The Sable Offshore Corp. is facing a class action lawsuit due to alleged misrepresentations regarding its oil production activities during a secondary public offering (SPO) period, which has led to significant stock price declines [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Johnson v. Sable Offshore Corp., allows purchasers of Sable Offshore securities between May 19, 2025, and June 3, 2025, to seek lead plaintiff status by September 26, 2025 [1]. - Sable Offshore conducted its SPO on May 21, 2025, issuing 10 million shares at $29.50 per share, raising $295 million [2]. - Allegations include that Sable Offshore falsely claimed to have restarted oil production off the California coast when it had not [3]. Group 2: Regulatory and Legal Challenges - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable Offshore's press release misrepresented its activities, leading to public confusion and a stock price drop of over 15% [4]. - On June 4, 2025, it was revealed that a court granted temporary restraining orders preventing Sable Offshore from restarting oil transportation through the Las Flores Pipeline System, causing further declines in stock price [5]. Group 3: Legal Representation and Process - The Private Securities Litigation Reform Act of 1995 allows investors who acquired Sable Offshore securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Sable Offshore Corp. due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's oil production activities [2][4]. Group 1: Legal Investigation and Class Action - The firm is encouraging investors who suffered losses in Sable Offshore between May 19, 2025, and June 3, 2025, to discuss their legal rights [1]. - There is a deadline of September 26, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Sable Offshore [2][6]. - The complaint alleges that Sable Offshore and its executives made false statements about the company's oil production status, which were materially misleading [4]. Group 2: Stock Performance and Market Reaction - Following a court injunction against Sable's pipeline repair activities, the company's stock fell by $5.04 per share, or 15.3%, closing at $27.89 on May 28, 2025 [5]. - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore [5]. Group 3: Firm Background and Contact Information - Faruqi & Faruqi, LLP has recovered hundreds of millions of dollars for investors since its founding in 1995 and has offices in multiple states [3]. - The firm encourages anyone with information regarding Sable Offshore's conduct to contact them, including whistleblowers and former employees [7].