Sable Offshore rises as it expects to restart SYU offshore platforms in Q2

ReutersMar 17, 2025 9:34 PM

Shares of U.S.-based oil and gas firm Sable Offshore SOC.N rise 6% to $26.89 in extended trading

Company expects to restart production at the Santa Ynez Unit (SYU) offshore platforms off the coast of California in Q2

SOC expects to restart the SYU offshore platforms sequentially, beginning with Harmony, followed by Heritage and then Hondo

Company forecasts 2H25 net average daily production to be in the range of 20,000 barrels of oil equivalent per day (boepd) to 25,000 boepd

SOC forecasts 2H25 total capital expenditure of between $70 million and $90 million

Up to last close, stock up 10.7% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Intel vs. TSM: Which Semiconductor Stock Looks Like the Better Investment?

TradingKey - Intel Corporation (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) are two companies that play crucial roles in the semiconductor market; however, they each have completely different business models.

Precious Metals May Outlook: After U.S.-Iran Conflict Concerns Eased, Will Funds Flow Back to Gold and Silver?

TradingKey - Since April, the precious metals market has continued the weakness seen in March. Spot gold recorded a cumulative decline of nearly 2% in April, while spot silver briefly fell below the $70 mark.

Is SanDisk the Hidden Gem of the AI Boom in 2026? Discover the Potential Risks and Rewards.

TradingKey - SanDisk (SNDK) now represents not just a name for many consumers, but also an investment play on one of the fastest-growing sectors in technology – Artificial Intelligence.

Azure Growth 40%, AI Revenue 37 Billion: Why Did Microsoft Shares Fall Instead of Rise?

TradingKey - On April 29 (ET), Microsoft (MSFT) released its Q3 FY2026 results after the bell. Both revenue and profit exceeded expectations, with Azure growth returning to 40% and annualized AI revenue surpassing $37 billion. Despite this, shares fell more than 3% in after-hours trading and ended t

$11.4 Billion Revenue Vs. 1.75 Trillion Valuation: Can Starlink Support SpaceX IPO?

TradingKey - On April 14, The Information disclosed a set of unpublished financial data: Starlink's satellite internet business revenue grew 50% year-over-year in 2025 to $11.4 billion, with EBITDA reaching $7.2 billion and an adjusted margin as high as 63%.

Featured Tools