Sable Offshore (SOC) reported a Q3 net loss Thursday of $255.6 million.
Two analysts polled by Capital IQ expected a loss of $44.1 million. The company completed its business combination with Flame Acquisition in Q1.
The loss was primarily attributable to a non-cash change in fair value of warrant liabilities related to common share price and warrant price appreciation during the quarter, production restart-related operating expenses and interest expense, the company said.
At the end of the quarter, the company has cash and cash equivalents of $288.2 million.
Price: 20.22, Change: -2.27, Percent Change: -10.09
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。