Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SOC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Going Concern (new) — Prior audit reports included going concern language about the Company's ability to continue operating.
Sable Offshore auditor resigns after asset sale; CohnReznick engaged for FY2026
Filed July 13, 2026 · Period ending July 10, 2026 · ~1 min read
Key Changes
-
high
Prior audit reports included going concern language about the Company's ability to continue operating, indicating historical financial stress.
Item 4.01 verify on EDGAR → -
medium
Ham, Langston & Brezina resigned July 10, 2026 after selling certain assets to CohnReznick; Audit Committee approved CohnReznick as new auditor for fiscal 2026.
Item 4.01 verify on EDGAR → -
medium
No disagreements with departing auditor on accounting principles, financial disclosures, or audit procedures during 2024-2026; no reportable events such as material weaknesses.
Item 4.01 verify on EDGAR →
Summary
Sable Offshore's auditor Ham, Langston & Brezina resigned on July 10, 2026 following an asset sale transaction to CohnReznick, which the Audit Committee immediately engaged as the new independent auditor for fiscal year 2026. The change stems from a business combination between the audit firms rather than performance issues—the Company confirms no disagreements on accounting principles or audit procedures and no reportable events during the 2024-2026 period. The material concern is historical: HL&B's audit reports for 2023-2025 all contained going concern language about Sable's ability to continue operating, signaling past financial stress.
The Company underwent successor/predecessor accounting in February 2024, suggesting a significant restructuring event. While the auditor transition itself is administrative, the going concern history warrants attention to whether Sable has resolved the liquidity or operational issues that triggered those qualifications.
Section-by-Section Diff
Event · Item 4.01 — Changes in Registrant's Certifying Accountant
Item 4.01 — Changes in Registrant's Certifying Accountant filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 10, 2026, Sable Offshore Corp., (“the “Company”) was notified by Ham, Langston and Brezina, LLP (“HL&B”), the Company’s independent registered public accounting firm, that HL&B completed a transaction pursuant to which, among other things, CohnReznick LLP (“CohnReznick”) acquired certain assets of HL&B. As a result of this transaction, on July 10, 2026, HL&B resigned as the Company’s independent registered public accounting firm and, with the approval of the Audit Committee of the Company’s Board of Directors, CohnReznick was engaged as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2026.
The Company's auditor Ham, Langston & Brezina resigned on July 10, 2026 following an asset sale transaction to CohnReznick. The Audit Committee approved CohnReznick as the new independent auditor for fiscal year 2026. This change resulted from a business combination between the audit firms rather than a dismissal or performance issue.
Added in current filing · verify on EDGAR →
The audit reports of HL&B on the Company’s consolidated financial statements as of December 31, 2025 and 2024, for the year ended December 31, 2025 (Successor), the period from February 14, 2024 to December 31, 2024 (Successor), the period from January 1, 2024 to February 13, 2024 (Predecessor) and the year ended December 31, 2023 (Predecessor), did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except that such reports contained an explanatory paragraph regarding the Company’s ability to continue as a going concern.
HL&B's audit reports for 2023-2025 were unqualified except for going concern language. The Company underwent a successor/predecessor accounting change in February 2024. No adverse opinions, disclaimers, or scope limitations were issued during this period.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 16, 2026 · How we verify