{
  "id": 19180496,
  "title": "Earnings call transcript: Sable Offshore Q3 2026 misses estimates, shares plunge",
  "url": "https://urgent.news/2026/11/09/earnings-call-transcript-sable-offshore-q3-2026-misses-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T16:55:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-sable-offshore-q3-2026-misses-estimates-shares-plunge-93CH-5012886"
  },
  "original_language": "en",
  "account": "Sable Offshore reported a wider-than-expected loss of $1.37 per share in the third quarter of 2026, missing Wall Street estimates on both earnings and revenue. Revenue came in at $154.4 million, far below the $177.19 million forecast. The stock plummeted 50.37% to $0.958 in premarket trading, leaving the company near the bottom of its 52-week range. Sable's loss of $1.37 a share was significantly worse than the consensus estimate of 10 cents a share, marking a negative surprise of $1.27 a share, or 1,270%. Revenue fell short by $22.79 million, or 12.86%. Despite improved oil sales and production volumes, the quarter was overshadowed by downstream issues, including a loss of refinery demand and the need to secure sales agreements with multiple buyers. Management is seeking to close a liquidity gap through a bulk crude sale, possible loan proceeds, and a PIPE offering if necessary.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}