SOC stock surged 68.37% after hours to $8.89 due to federal confirmation of its pipeline's interstate classification.

Shares of Sable Offshore Corp. (NYSE: SOC) experienced a notable surge of 68.37% in after-hours trading on Wednesday, reaching $8.89, thanks to federal confirmation of its interstate pipeline classification. The closing price of SOC stock stood at $5.28 on Wednesday, marking a decrease of 2.76% based on data from Benzinga Pro. Following confirmation from the Pipeline and Hazardous Materials Safety Administration, Sable Offshore's pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County, California, has been identified as an interstate pipeline facility under the Pipeline Safety Act. This significant announcement was disclosed through a Form 8-K filed with the Securities and Exchange Commission, a mechanism utilized by public companies to promptly inform investors about crucial developments. For further details, visit the full story on Benzinga.com.