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Sable Offshore posted a $197.0 million net loss for Q1 2026 after resuming oil sales from the Santa Ynez Unit under a U.S. Department of Energy Defense Production Act order, and ended the quarter with $956.3 million of short-term debt against $52.2 million in cash.

Sable Offshore reported $137.1 million of revenue and $9.4 million of operating cash flow for the second quarter of 2026, its first full quarter of sales since the Santa Ynez Unit restart, and ended June selling about 40,000 net barrels of oil a day.

A 236-acre plant that will make the active ingredient of Lilly's Foundayo weight-loss pill, with more than 600 permanent jobs and about 4,000 construction jobs. Lilly expects it running by 2030.