BARNWELL INDUSTRIES INC
Business
BARNWELL INDUSTRIES INC operates as an independent oil and natural gas exploration, production, acquisition and sales company and as a land investment owner. It offers crude oil, natural gas and natural gas liquids production and marketing services, participates in drilling and development activities, and holds interests entitling it to proceeds from real estate lot and residential unit sales. The company’s key business segments are its Oil and Natural Gas segment and its Land Investment segment. Barnwell markets and sells energy products under short-term contracts and in-kind sales primarily in Alberta, Canada, and holds land interests and partnership investments in Hawaii.
Summary from filing dated 2025-12-23
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Revenue | 14 | 18 | 25 | 29 | 18 | |
| General and administrative | 7 | 5 | 7 | 8 | 7 | |
| Depletion, depreciation, and amortization | 3 | 5 | 4 | 3 | 963,000 | |
| Impairment of assets | 865,000 | 3 | 0 | 89,000 | 668,000 | |
| Foreign currency loss (gain) | 192,000 | −10,000 | −76,000 | 484,000 | 0 | |
| Interest expense | 7,000 | 0 | 2,000 | 1,000 | 13,000 | |
| Loss on sale of assets | 636,000 | 0 | −551,000 | 0 | −2 | |
| Total costs and expenses | 21 | 23 | 27 | 25 | 16 | |
| Loss from continuing operations before equity in income of affiliates and income taxes | −7 | −5 | −2 | 3 | 2 | |
| Equity in income of affiliates | 0 | 1 | 758,000 | 3 | 6 | |
| Loss from continuing operations before income taxes | −7 | −4 | −864,000 | 7 | 8 | |
| Income tax provision | 71,000 | 213,000 | −53,000 | 347,000 | 332,000 | |
| Net loss from continuing operations | −7 | −4 | — | — | — | |
| Net earnings (loss) from discontinued operations | 12,000 | −1 | — | — | — | |
| Net loss | −7 | −5 | −811,000 | 6 | 7 | |
| Less: Net (loss) earnings attributable to non-controlling interests | −8,000 | 234,000 | — | — | — | |
| Net loss attributable to Barnwell Industries, Inc. stockholders | −7 | −6 | −961,000 | 6 | 6 | |
| Basic net loss per common share from continuing operations attributable to Barnwell Industries, Inc. stockholders (in dollars per share) | −0.71 | −0.41 | — | — | — | |
| Diluted net loss per common share from continuing operations attributable to Barnwell Industries, Inc. stockholders (in dollars per share) | −0.71 | −0.41 | — | — | — | |
| Basic net loss per common share from discontinued operations (in dollars per share) | 0 | −0.15 | — | — | — | |
| Diluted net loss per common share from discontinued operations (in dollars per share) | 0 | −0.15 | — | — | — | |
| Basic net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) | −0.71 | −0.56 | −0.1 | 0.57 | 0.73 | |
| Diluted net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) | −0.71 | −0.56 | −0.1 | 0.57 | 0.73 | |
| Basic (in shares) | 10 | 10 | 10 | 10 | 9 | |
| Diluted (in shares) | 10 | 10 | 10 | 10 | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 3 | 4 | 3 | 13 | 11 | |
| Accounts and other receivables, net of allowance for credit losses of: $49,000 at September 30, 2025; $141,000 at September 30, 2024 | 2 | 2 | 3 | 4 | 3 | |
| Note receivable | 300,000 | 0 | — | — | — | |
| Other current assets | 423,000 | 873,000 | 3 | 3 | 2 | |
| Current assets of discontinued operations | 0 | 2 | — | — | — | |
| Total current assets | 5 | 9 | 9 | 20 | 18 | |
| Asset for retirement benefits | 6 | 5 | 4 | 3 | 2 | |
| Operating lease right-of-use assets | 145,000 | 39,000 | 54,000 | 132,000 | 296,000 | |
| Other non-current assets | 347,000 | 0 | — | — | — | |
| Proved oil and natural gas properties, net (full cost method) | 9 | 17 | 21 | 13 | 2 | |
| Other property and equipment, net | 9,000 | 12,000 | 509,000 | 369,000 | — | |
| Total property and equipment, net | 9 | 17 | 22 | 14 | 490,000 | |
| Non-current assets of discontinued operations | 0 | 282,000 | — | — | — | |
| Total assets | 21 | 31 | 35 | 37 | 24 | |
| Accounts payable | 2 | 2 | 881,000 | 1 | 1 | |
| Accrued capital expenditures | 185,000 | 2 | 1 | 2 | 909,000 | |
| Accrued compensation | 264,000 | 526,000 | 726,000 | 999,000 | 1 | |
| Accrued operating and other expenses | 1 | 1 | 2 | 2 | 1 | |
| Current portion of asset retirement obligation | 613,000 | 798,000 | 2 | 1 | 713,000 | |
| Other current liabilities | 460,000 | 301,000 | 609,000 | 2 | 619,000 | |
| Current liabilities of discontinued operations | 0 | 530,000 | — | — | — | |
| Total current liabilities | 5 | 8 | 7 | 9 | 6 | |
| Operating lease liabilities | 93,000 | 7,000 | 47,000 | 117,000 | 180,000 | |
| Liability for retirement benefits | 2 | 2 | 2 | 2 | 2 | |
| Asset retirement obligation | 7 | 8 | 8 | 7 | 6 | |
| Deferred income tax liabilities | 18,000 | 100,000 | 58,000 | 188,000 | 359,000 | |
| Total liabilities | 14 | 18 | 17 | 18 | 15 | |
| Commitments and contingencies (Note 18) | — | — | — | — | — | |
| Common stock, par value $0.50 per share; authorized, 40,000,000 shares: 10,241,434 issued at September 30, 2025; 10,195,990 issued at September 30, 2024 | 5 | 5 | 5 | 5 | 5 | |
| Additional paid-in capital | 8 | 8 | 8 | 7 | 5 | |
| (Accumulated deficit) retained earnings | −7 | 595,000 | 6 | 8 | 2 | |
| Accumulated other comprehensive income, net | 3 | 2 | 2 | 1 | 32,000 | |
| Treasury stock, at cost: 167,900 shares at September 30, 2025 and 2024 | −2 | −2 | −2 | −2 | −2 | |
| Total stockholders equity | 7 | 13 | 19 | 19 | 9 | |
| Non-controlling interests | 14,000 | 22,000 | 13,000 | 20,000 | 8,000 | |
| Total equity | 7 | 13 | 19 | 19 | 10 | |
| Total liabilities and equity | 21 | 31 | 35 | 37 | 24 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Loss on sale of oil and natural gas properties | 636,000 | 0 | — | 0 | −818,000 | |
| Sale of interest in leasehold land, net of fees paid | 0 | −439,000 | −233,000 | −1 | −2 | |
| Distributions of income from equity investees | 0 | 1 | 539,000 | 3 | 5 | |
| Retirement benefits income | −315,000 | −345,000 | −252,000 | −272,000 | −88,000 | |
| Accretion of asset retirement obligation | 808,000 | 900,000 | 808,000 | 767,000 | 580,000 | |
| Deferred income tax (benefit) expense | −82,000 | 42,000 | −130,000 | −171,000 | 165,000 | |
| Asset retirement obligation payments | −483,000 | −1 | −1 | −942,000 | −421,000 | |
| Share-based compensation expense | 372,000 | 208,000 | 263,000 | 657,000 | 643,000 | |
| Non-cash rent income | −8,000 | −28,000 | −25,000 | −1,000 | −4,000 | |
| Retirement plan contributions and payments | −3,000 | −4,000 | −3,000 | −3,000 | −14,000 | |
| Credit loss (reversal) expense | −2,000 | 85,000 | 38,000 | 124,000 | 32,000 | |
| Increase from changes in current assets and liabilities | 224,000 | 2 | −393,000 | −1 | −2 | |
| Net cash (used in) provided by operating activities from continuing operations | −2 | 5 | — | — | — | |
| Acquisition of non-controlling interest | 0 | −185,000 | 0 | — | — | |
| Proceeds from sale of interest in leasehold land, net of fees paid | 0 | 439,000 | 233,000 | 1 | 2 | |
| Proceeds from the sale of oil and natural gas assets | 3 | 441,000 | 0 | 503,000 | 581,000 | |
| Capital expenditures - oil and natural gas | −3 | −4 | −11 | −9 | −2 | |
| Net cash used in investing activities from continuing operations | −352,000 | −3 | — | — | — | |
| Repayments for insurance premium financing | −168,000 | 0 | — | — | — | |
| Distributions to non-controlling interests | 0 | −226,000 | −157,000 | −647,000 | −1 | |
| Net cash used in financing activities from continuing operations | −168,000 | −226,000 | — | — | — | |
| Net cash used in operating activities | −95,000 | −624,000 | — | — | — | |
| Net cash provided by (used in) investing activities | 1 | −13,000 | — | — | — | |
| Net cash used in financing activities | −250,000 | 0 | — | — | — | |
| Net cash provided by (used in) discontinued operations | 780,000 | −637,000 | — | — | — | |
| Effect of exchange rate changes on cash and cash equivalents | −106,000 | 23,000 | 49,000 | −214,000 | −14,000 | |
| Net (decrease) increase in cash and cash equivalents | −2 | 2 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BARNWELL INDUSTRIES INC's CIK number?
BARNWELL INDUSTRIES INC's SEC CIK number is 0000010048 (10048). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BARNWELL INDUSTRIES INC's SEC filings?
All of BARNWELL INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BARNWELL INDUSTRIES INC last report earnings?
BARNWELL INDUSTRIES INC (BRN) most recently filed an earnings 8-K with the SEC on May 26, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-022863). This is BARNWELL INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is BARNWELL INDUSTRIES INC's most recent earnings 8-K?
BARNWELL INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed May 26, 2026 under accession 0001140361-26-022863. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BARNWELL INDUSTRIES INC's latest earnings 8-K →
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