---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-005937"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:20:06.039534+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Barnwell Q1 net earnings flat at $0.11/share; oil & gas revenues up 33%; declares dividend

## Summary
- Net earnings: $1,089,000 ($0.11 per share) for Q1 ended Dec 31, 2022, compared to $1,073,000 ($0.11) in prior-year quarter.
- Oil & gas segment revenues increased over $1,300,000 (33%) due to higher oil, natural gas, and NGL prices and increased production.
- Board declared cash dividend of $0.015 per share payable March 13, 2023 to holders of record Feb 23, 2023.
- Company entered cooperation agreement with MRMP Stockholders extending standstill for two years, ending potential proxy contest at 2023 annual meeting.
- New board members appointed Feb 9: Joshua S. Horowitz and Laurance E. Narbut; Kenneth S. Grossman named Chairman, Douglas N. Woodrum chair of Audit and Nominating.

## SEC filing metadata
- accession: 0001140361-23-005937
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036123005937/0001140361-23-005937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036123005937/brhc10048027_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-005937
- JSON: https://secwatch.observer/filing/0001140361-23-005937.json
- Plain text: https://secwatch.observer/filing/0001140361-23-005937.txt

## Key facts
- Earnings Releases
  BARNWELL INDUSTRIES INC reported the three months ended December 31, 2022 results: net income $1,089,000, EPS $0.11 per share.
  - Period: the three months ended December 31, 2022
  - Net income: $1,089,000
  - EPS: $0.11 per share
  - Result: reported results
  source text: Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $1,089,000, $0.11 per share, for the three months ended December 31, 2022, as compared to net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036123005937/0001140361-23-005937-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.