Sable Offshore rises after disputing report claiming co is 'running out of money'

Sable Offshore

14/11/2025 21:46

** Shares of Sable Offshore Corp  SOC.N rise over 9% to $4.58 in extended trading

** Co issues a statement disputing certain claims made by Hunterbrook Media in a report published earlier in the day

** Hunterbrook Media states in its report that SOC entered October about a month from potential bankruptcy adding that it "likely had single digit millions in the bank based on its reported burn, against over $163 million in accounts payable"

** SOC shares closed down nearly 29% on Friday

** SOC says Hunterbrook misread Sable’s balance sheet set forth in the its recently filed Form 10-Q and SOC's accounts payable balance as of September 30, was roughly $53 million

** "Sable believes it has the liquidity required to pursue its objectives, including a comprehensive debt refinancing in the first quarter of 2026" - statement

** As of last close, SOC stock is down 82% YTD

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))