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via finance.yahoo.comBusiness & Companies

Sable Offshore tumbles 75% as crude oil sales halted in October

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Sable Offshore Corp (NYSE:SOC) reported third quarter 2026 revenue of $154.4 million, missing analyst estimates of $177.19 million, as the company disclosed that crude oil sales were halted by its sole downstream purchaser in early October due to maintenance and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock collapse reflects revenue below estimates and halted crude sales.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sable reported third quarter 2026 revenue of $154.4 million, below estimates.
  2. 02Its sole downstream purchaser halted crude purchases in early October.
  3. 03The company had $38.0 million in cash and is evaluating options for working capital.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Sable Offshore Corp.SOCStock0.6107 USD+7.82%today -68.36%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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