Sable Offshore Posts $154.4 Million in Q3 Revenue, Adds Three Refinery Buyers

Sable Offshore Corp. posted $154.4 million in third-quarter 2026 revenue and began selling crude to three additional Los Angeles-area refineries in early November after its sole buyer halted purchases. At quarter-end, Sable had $38 million in cash and cash equivalents. During the quarter, it sold 16,110,711 common shares through an at-the-market equity program at an average price of about $4.75 per share. Common shares outstanding totaled 207,980,283 at quarter-end. Sable’s Nov. 9 results release also reported that its only crude oil buyer stopped purchases in early October for refinery upgrades and maintenance. The company’s sales to the three additional refineries began in early November. Sable shares fell 52.2% in Nov. 9 trading after the company disclosed the buyer halt. John Kim reports on the digital-asset business for TokenPost.

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