Sable Offshore Corp. has reported its second-quarter 2025 financial results, revealing a notable increase in key financial metrics. The company's revenue for the quarter reached $2.0596 billion, marking a 21% year-over-year growth. Adjusted EBITDA rose to $125.9 million, reflecting an increase of $48.5 million from the previous year, with an adjusted EBITDA margin of 6.1%, up by 150 basis points year-over-year. The company's GAAP net income for the second quarter of 2025 was reported at $39.4 million, representing a substantial 90% increase compared to the same period last year. In terms of business operations, Sable Offshore Corp. saw a 23% year-over-year growth in the number of principal agents, totaling 20,965, and gross principal agent additions increased by 53% year-over-year. Looking ahead, Sable Offshore Corp. has provided guidance for the third quarter of 2025, projecting revenue between $1.725 billion and $1.850 billion, with adjusted EBITDA expected to range from $60 million to $80 million. The company also anticipates being free cash flow positive for the full year 2025, with non-GAAP operating expenses estimated between $1.010 billion and $1.020 billion. This includes expenses related to recent acquisitions, such as Christie's International Real Estate and Washington Fine Properties, along with others.