Sable Offshore Corp. 8-K

What Happened

• Sable Offshore Corp. announced that on July 10, 2026 its independent auditor Ham, Langston & Brezina, LLP (HL&B) resigned after certain HL&B assets were acquired by CohnReznick LLP. With the Audit Committee’s approval, Sable engaged CohnReznick as its new independent registered public accounting firm for the fiscal year ending December 31, 2026.
• HL&B’s audit reports for the years and periods ended December 31, 2025 and 2024, and for 2023, did not contain adverse opinions or disclaimers and were not qualified or modified for scope or accounting principles, although they included an explanatory paragraph about the company’s ability to continue as a going concern.

Key Details

• Effective date: July 10, 2026 (HL&B resignation and CohnReznick engagement).
• Engagement scope: CohnReznick retained for the fiscal year ending December 31, 2026 (approved by the Audit Committee).
• Audit history: No disagreements or reportable events with HL&B for 2025, 2024 or through July 10, 2026.
• Regulatory filing: HL&B’s concurrence letter to the SEC is filed as Exhibit 16.1 to the Form 8-K.

Why It Matters

• Auditor changes can affect investor confidence in financial reporting oversight; Sable’s Audit Committee approved the transition and HL&B’s past reports had no adverse opinions, which helps maintain continuity.
• The prior audit reports included a going-concern explanatory paragraph—an important factual note for investors about the company’s financial condition that remains part of the record.
• There were no disputes with the former auditor and no consultations with the new auditor prior to engagement about accounting or audit issues, indicating the change resulted from the accountant transaction rather than accounting disagreements.