Shares of Sable Offshore Corp (SOC) surged 8.56% in after-hours trading on Friday, following the company's announcement of debt refinancing plans and its response to a recent report by Hunterbrook Media Llc.
In a statement released after the market close, Sable Offshore revealed its intention to refinance its debt in the first quarter of 2026. This strategic move is likely aimed at improving the company's financial position and potentially reducing interest costs, which investors seem to view positively.
Additionally, the offshore drilling company addressed a report published earlier in the day by Hunterbrook Media Llc. Sable Offshore disputed some misstatements in the report, although specific details were not immediately available. The company's swift response and clarification appear to have reassured investors, contributing to the stock's significant after-hours rally.
The combination of proactive financial planning through debt refinancing and the company's prompt addressing of potential misinformation seems to have boosted investor confidence in Sable Offshore. As the market digests this news, investors will be watching closely to see if the stock's momentum carries into the next trading session.