On August 19, 2026, the U.S. District Court for the Central District of California issued an order resolving multiple related cases concerning Sable Offshore Corp.'s restart of the Santa Ynez Pipeline System (SYPS). The court modified the 2020 Consent Decree by substituting PHMSA for OSFM as the regulatory authority and relieving Plains All American Pipeline L.P. of ongoing obligations. While finding that Sable violated the decree by restarting operations without prior authorization, the court declined to order a shutdown after determining PHMSA had approved the restart plan. Instead, the court imposed a penalty of $1.449 million on Sable. The court also denied California's motion for a preliminary injunction against the federal Defense Production Act Order and granted declaratory judgment in favor of Sable regarding trespass claims. Sable Offshore Corp. operates oil pipelines.

Sable Offshore Corp. reported second quarter 2026 financial results, achieving $137.1 million in total revenue and generating $9.4 million in positive operating cash flow for the period ended June 30, 2026. The company completed a debt refinancing on July 2, 2026, issuing a $675 million Senior Secured Term Loan B due December 15, 2028, and $345 million in Convertible Senior Notes due July 1, 2031. Sable also issued $115 million of common stock at $3.08 per share to facilitate the refinancing. Operational highlights include average daily net sales volumes of approximately 21 thousand barrels of oil per day and an exit rate of approximately 40 thousand net barrels of oil per day, representing a 149% growth during the quarter. The company incurred $18.5 million in non-recurring demurrage charges due to midstream constraints. Sable operates as an independent oil and gas exploration and production company focused on developing offshore assets in California.

On July 10, 2026, Sable Offshore Corp. changed its independent registered public accounting firm. Ham, Langston and Brezina, LLP (HL&B) resigned following a transaction in which CohnReznick LLP acquired certain assets of HL&B. The Company's Audit Committee subsequently engaged CohnReznick as the new accounting firm for the fiscal year ending December 31, 2026. The Company reported no disagreements with HL&B on accounting principles or practices. Previous audit reports by HL&B included an explanatory paragraph regarding the Company's ability to continue as a going concern. Sable Offshore Corp. operates in the energy industry and focuses on offshore oil and gas production.

Sable Offshore Corp. closed a series of financing transactions on July 2, 2026, including the issuance of $345.0 million in 6.5% Convertible Senior Notes due 2031 and a concurrent common stock offering of 32,467,533 shares. The company also entered into new senior secured credit facilities consisting of a $500 million senior secured revolving credit facility and a $675 million Term Loan B, which will be used to repay its existing senior secured term loan with Exxon Mobil Corporation. Sable Offshore Corp. operates in the energy sector, focusing on offshore oil and gas production.

Sable Offshore Corp. entered into an amendment to its Senior Secured Term Loan Agreement with Exxon Mobil Corporation, extending the Maturity Date to the earlier of July 24, 2026, or an acceleration event. The company agreed to pay a $30.0 million amendment fee to Exxon on June 22, 2026, and received a waiver of its $25.0 million minimum liquidity covenant. Sable Offshore Corp. operates in the energy sector, focusing on offshore oil and gas production.

Sable Offshore Corp. announced the launch of a proposed senior secured term loan facility intended to replace its existing senior secured term loan with Exxon Mobil Corporation. Sable Offshore Corp. operates in the energy sector and focuses on offshore oil and gas production.