Sable Offshore Corp. SOC

Competitive advantage analysis · energy

Corporate Default
Overall moat score
10/100
Weak

Ranked against 101 peers in Energy: Upstream (E&P/Drilling)

About Sable Offshore Corp.

Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing … Full SOC analysis →

Key risks

  • ROIC Below WACC or Peers ROIC at 8.0th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.12), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Insufficient Data
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where SOC ranks in Energy: Upstream (E&P/Drilling)

Sable Offshore Corp. ranks #90 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score — the top 88%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
86 Kosmos Energy Ltd. KOS 20/100 Weak
87 Indonesia Energy Corporation Li INDO 18/100 Weak
88 EON Resources Inc. EONR 16/100 Weak
89 Trio Petroleum Corp. TPET 15/100 Weak
90 Sable Offshore Corp. SOC 10/100 Weak
91 Empire Petroleum Corporation EP 10/100 Weak
92 U.S. Energy Corp. USEG 8/100 Weak
93 New Era Helium Inc Warrants NEHCW 5/100 Weak
94 Berry Corporation (bry) BRY 0/100 Weak

See every Commodities & Mining company ranked by moat score →

How SOC scores on the Corporate Default defenses

Pricing Power

Not measurable · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Not measurable · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Not measurable · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 11 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 8 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Not measurable · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SOC's moat

What is Sable Offshore Corp.'s moat score?

Sable Offshore Corp. (SOC) scores 10 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #90 of 102 scored companies in Energy: Upstream (E&P/Drilling), the top 88%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 101 companies in Energy: Upstream (E&P/Drilling). Its strongest defense is Capital Efficiency (11/100) and its weakest is Resilience (8/100).

How does Sable Offshore Corp. compare with other Energy: Upstream (E&P/Drilling) companies?

Sable Offshore Corp. ranks #90 of 102 scored companies in Energy: Upstream (E&P/Drilling) by moat score. The widest moat in Energy: Upstream (E&P/Drilling) is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Trio Petroleum Corp. (TPET) at 15 just above it and Empire Petroleum Corporation (EP) at 10 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 101 companies in Energy: Upstream (E&P/Drilling). The defenses are then weighted to produce the overall score out of 100.

Why is Sable Offshore Corp. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Sable Offshore Corp.?

The Corporate Default template measures 6 defenses, and SOC scores: Pricing Power (not measurable), Cost Advantage (not measurable), Customer Stickiness (not measurable), Capital Efficiency (11), Resilience (8), Scale & Market Position (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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