08:20 AM EDT, 10/15/2025 (MT Newswires) -- Sable Offshore ( SOC ) said Wednesday that the Santa Barbara Superior Court has indicated in a tentative ruling that it will deny the company's claims against the California Coastal Commission.

Sable said it "vigorously disagrees" with the ruling and will appeal if the decision is adopted.

Sable is pursuing more than $347 million in damages, claiming the commission erroneously issued cease-and-desist actions during pipeline repair work.

The company said the ruling, if adopted, would have no impact on the potential resumption of petroleum transportation through the Las Flores Pipeline System.

Oil and gas production from the federal Santa Ynez Unit and petroleum flow from the Santa Ynez Unit to the Las Flores Canyon processing facilities would also be unaffected, the company said.

"Although the tentative ruling is disappointing, it has no impact on Sable's business strategy," Sable CEO Jim Flores said.

Sable Offshore ( SOC ) shares were down 25% in premarket trading.