Barnwell Industries

Barnwell Industries, Inc. engages in the oil and natural gas exploration, land investment, and contract drilling services. It operates through the following segments: Oil & Natural Gas, Land Investment, and Contract Drilling. The Oil & Natural Gas segment engages in the exploration, development, production and sale of oil and natural gas in Canada. The Land Investment segment invests in land interest in Hawaii. The Contract Drilling segment provides well drilling services and water pumping system installation and repairs in Hawaii. The company was founded by Morton H. Kinzler in 1956 and is headquartered in Honolulu, HI.

Earnings data Q2 2021

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Barnwell Industries, Inc. engages in the oil and natural gas exploration, land investment, and contract drilling services. It operates through the following segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The Oil and Natural Gas segment engages in the exploration, development, production and sale of oil and natural gas in Canada. The Land Investment segment invests in land interest in Hawaii. The Contract Drilling segment provides well drilling services and water pumping system installation and repairs in Hawaii. The company was founded by Morton H. Kinzler in 1956 and is headquartered in Honolulu, HI.

HONOLULU, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021, as compared to net earnings of $584,000, $0.07 per share, for the three months ended December 31, 2020.

Barnwell Industries, Inc. Reports Earnings for its First Quarter Ended December 31, 2021

HONOLULU, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported results for the three months and year ended September 30, 2021.

Barnwell Reports Net Earnings of $6.25 Million and $0.73 Net EPS for Fiscal Year Ended September 30, 2021

Strong financial results demonstrate significant improvements and turnaround of the company Strong financial results demonstrate significant improvements and turnaround of the company

Barnwell Fiscal Q3 Revenue Increases 28% in the quarterly period to $5.1 Million, Reports Net Earnings of $5.0 Million and $0.59 Net EPS; Regains Compliance with NYSE

HONOLULU, July 14, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced that Barnwell of Canada, Limited, its wholly-owned subsidiary (“Barnwell Canada”), has entered into and completed a purchase and sale agreement with an independent third party for the sale of Barnwell Canada's interests in certain natural gas and oil properties located in the Spirit River area of Alberta, Canada. The purchase price for Barnwell Canada's interests was approximately US$1,037,000, at current Canadian dollar exchange rates, and is subject to customary adjustments including adjustments to reflect an effective closing date of sale of July 8, 2021. Barnwell expects to report a gain on this transaction which will be recognized in its fourth quarter ending September 30, 2021.

Barnwell Announces Disposition of Spirit River Assets

HONOLULU, July 13, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”, “we”, “our”) announced today that it had unaudited pro forma stockholders' equity, as of July 13, 2021, in excess of the $4.0 million minimum amount of stockholders' equity that the Company is required to maintain under the NYSE American's continued listing standards.

Barnwell Industries, Inc. Announces July 13, 2021 Pro Forma Stockholders' Equity in Excess of $4.0 Million

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The stock price of Barnwell Industries (NYSEAMERICAN: BRN) increased by 24.44% today. This is why it happened.

Barnwell Industries (BRN) Stock: 24.44% Increase Explanation

Company Benefits From Higher Oil Prices Company Benefits From Higher Oil Prices

Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2021

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GenomeWeb Index Drops 3% for 2nd Consecutive Month

HONOLULU, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $584,000, $0.07 per share, for the three months ended December 31, 2020, as compared to a net loss of $414,000, $0.05 per share, for the three months ended December 31, 2019.

Barnwell Industries, Inc. Reports Earnings for Its First Quarter Ended December 31, 2020

Agrees to Designated Slate of Directors for Election at 2021 Annual Meeting of Stockholders Agrees to Designated Slate of Directors for Election at 2021 Annual Meeting of Stockholders

Barnwell Industries Reaches Agreement With MRMP Stockholders to End Potential Proxy Contest

HONOLULU, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell”, the “Company”) announced today that it has received notice of director nominations for election at the 2021 annual meeting of stockholders (the “2021 Annual Meeting”) from Ned L. Sherwood, Bradley M. Tirpak and MRMP-Managers LLC, who also jointly nominated directors for election at Barnwell's 2020 annual meeting of stockholders.

Barnwell Industries, Inc. Reports Receipt of Notice of Nominations and Formation of Special Committee; Provides Business Update

HONOLULU, Dec. 11, 2020 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $4,756,000, $0.57 per share, for the year ended September 30, 2020, as compared to a net loss of $12,414,000, $1.50 per share, for the year ended September 30, 2019. For the quarter ended September 30, 2020, Barnwell reported net earnings of $628,000, $0.08 per share, as compared to a net loss of $4,324,000, $0.52 per share, for the quarter ended September 30, 2019.

Barnwell Industries, Inc. Reports Year-End and Fourth Quarter Results

HONOLULU, Aug.  11, 2020  (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported a net loss of $3,456,000, or $0.42 per share, and $5,384,000, or $0.65 per share, for the three and nine months ended June 30, 2020, respectively, as compared to a net loss of $1,365,000, $0.16 per share, and $8,090,000, $0.98 per share, for the three and nine months ended June 30, 2019, respectively.

Barnwell Industries, Inc. Reports Results For The Third Quarter And Nine Months Ended June 30, 2020

Barnwell Industries (NYSE: BRN) shares are trading higher after the company reported second-quarter EPS and sales results up from last year.

Why Barnwell Industries Stock Is Trading Higher Today

HONOLULU, June  23, 2020  (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported losses of $1,514,000, $0.18 per share, and $1,928,000, $0.23 per share, for the three and six months ended March 31, 2020, respectively, as compared to net losses of $2,125,000, $0.26 per share, and $6,725,000, $0.81 per share, for the three and six months ended March 31, 2019, respectively.

Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2020

HONOLULU, April  14, 2020  (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today announced that its wholly-owned contract water well drilling subsidiary has determined that a water well currently being drilled in Hawaii, in which the Company experienced a bottom hole drilling assembly failure, should be abandoned and a new well drilled as efforts to remove the items from the well have been unsuccessful.  The additional costs to be incurred due to this are currently estimated to range from $700,000 to $800,000.  The Company will recognize these additional costs in its second quarter ending March 31, 2020.

Barnwell Announces Update on Contract Drilling Operations

HONOLULU, April 08, 2020 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced that the NYSE American LLC (the “Exchange”) has accepted the Company’s plan of compliance (the “Plan”) for continued listing on the Exchange.

BARNWELL INDUSTRIES, INC. ANNOUNCES ACCEPTANCE OF COMPLIANCE PLAN BY NYSE AMERICAN

Dissident Stockholders’ Plan “Lacks Key Details” and Dissident Nominees “Largely Lacking … Industry-Specific Expertise” Dissident Stockholders’ Plan “Lacks Key Details” and Dissident Nominees “Largely Lacking … Industry-Specific Expertise”

Leading Proxy Advisor Glass Lewis Recommends Barnwell Industries, Inc. Stockholders Vote FOR Company’s Entire Slate of Experienced Director Nominees on WHITE Proxy Card

Dissident Stockholders Attempting to Gain Control of Company with Flawed Plan, Misrepresenting Company’s Progress for Own Agenda

Barnwell Industries, Inc. Sets the Record Straight Regarding Dissident Stockholders’ False and Misleading Statements

Highlights Weaknesses in Dissident Stockholders’ Vague Plan and Misrepresentations of Company’s Progress

Barnwell Industries, Inc. Publishes Investor Presentation, Outlining Strong Board and Plan to Create Long-Term Value for All Stockholders

Highlights Company’s Progress Under Current Board and Management Team’s Deliberate Leadership and Focus on Creating Long-Term Value for Stockholders

Barnwell Industries, Inc. Files Definitive Proxy and Sends Letter to Stockholders

HONOLULU, Feb.  26, 2020  (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (“Barnwell”, the “Company”, “we” or “our”) (NYSE American: BRN) is pleased to provide an update on recent developments with respect to its businesses and operations.  Production volumes are presented as “Boe” (Barrel of oil equivalent at the rate of 5.8 thousand cubic feet of natural gas per barrel of oil or natural gas liquid). 

Barnwell Industries, Inc. Provides Update on its Operations

HONOLULU, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (the “Company”) today announced it has received written communication from NYSE American LLC (the “Exchange”), the Company’s current listing exchange, stating that it is not in compliance with certain continued listing standards as set forth in the NYSE American Company Guide. Based on the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019, which was filed with the Securities and Exchange Commission (SEC) on December 20, 2019, the Company is below compliance with Part 10, Sections 1003(a)(i) and (a)(ii) of the NYSE American Company Guide since it reported stockholders’ equity of $1.2 million and net losses in fiscal years ended September 30, 2019, September 30, 2018 and September 30, 2016.

News for Barnwell Industries Stock (BRN)