NYSE:SOC 15 October 2025 - 30 June 2026

Sable Offshore’s stock cratered on Oct. 15 after a critical court ruling went against the company. In Santa Barbara Superior Court, Judge Thomas Anderle issued a tentative decision denying Sable’s petition to overturn a state order blocking its pipeline repairs Reuters Reuters. The ruling, which Sable called a “major setback,” means California’s cease-and-desist order remains in force, preventing the firm from reactivating its onshore pipeline for now. Investors reacted swiftly. SOC shares tumbled ~26% in pre-market trading on the news Reuters, and the stock opened the day in free-fall. By afternoon Oct. 15, SOC hovered in the mid-$13 range – down from ~$18 the day prior and nearly 50% off its month-ago levels. This plunge pushed the stock near all-time lows, a dramatic comedown for a company that traded above $30 earlier in the year.