Sable (SOC) Shares Jump 22% After Formal Request for Federal Pipeline Review

Sable Inc. (SOC) saw its shares climb 22% in extended trading on December 9, 2025, after publicly disclosing its submission of a formal application to the Federal Energy Regulatory Commission (FERC) for regulatory review of its planned 180-mile natural gas pipeline project in the Appalachian region. The move signals a strategic shift toward federal approval pathways, aiming to streamline permitting and mitigate state-level delays that have historically slowed infrastructure projects. The company’s application, filed on December 8, centers on the proposed East Ridge Pipeline, which is designed to transport up to 1.4 billion cubic feet of natural gas per day from production hubs in West Virginia to key distribution points in Pennsylvania and Ohio. FERC oversight is a critical step in securing long-term contracts with utility providers and attracting institutional capital for project financing. Roth Capital reiterated its 'Buy' rating on SOC, highlighting that the federal filing increases the project’s timeline predictability and reduces execution risk. The firm noted that Sable’s current market capitalization of approximately $1.8 billion reflects limited investor recognition of the pipeline’s potential revenue stream, which could generate $320 million in annual operating cash flow upon full operation. Market participants reacted positively, with trading volume on SOC exceeding 1.2 million shares—more than double the 30-day average. The rally also lifted related energy infrastructure stocks, particularly those involved in midstream operations, with AGL Resources (AGR) and Enbridge (ENB) posting gains of 1.7% and 1.4%, respectively.