secwatch.observer — SEC 8-K summary
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Issuer:     BARNWELL INDUSTRIES INC (BRN)
CIK:        0000010048
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001140361-22-047645
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Barnwell reports FY2022 EPS $0.57 vs $0.73; Q4 loss; invests $5.1M in Permian Basin
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- FY2022 net earnings $5.5M ($0.57/share) down from $6.3M ($0.73); Q4 net loss $143,000 ($0.01/share).
- Oil & gas revenues more than doubled; oil production +24%, gas +39%, NGLs +100%; prices up 68%/77%/51%.
- Invested ~$5.1M for 15% non-operated working interest in two-well Permian Basin pad targeting Wolfcamp; production expected Q2 FY2023.
- Board suspended ATM program after selling 509,467 shares for net $2.36M in FY2022; working capital $11.2M including $12.8M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10048/000114036122047645/0001140361-22-047645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10048/000114036122047645/brhc10046104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-047645

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