Barnwell Industries Q2 net loss $1.24M vs $2.05M profit on lower commodity prices

BARNWELL INDUSTRIES INC

2023-Q2 EPS reported -$0.01 revenue$12,750,000

Net loss of $1.237M ($0.12/sh) for Q2 ended March 31, 2023, vs net earnings of $2.052M ($0.21/sh) year ago.
Oil, natural gas, and NGL prices fell 26%, 34%, and 43% YoY; land investment results declined sharply.
Oil production rose 2% and natural gas production rose 6% YoY, but volume gains could not offset price declines.
Board declared cash dividend of $0.015 per share payable June 12, 2023 to holders of record May 25, 2023; $501k expenses for cooperation agreement.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BARNWELL INDUSTRIES INC reported the three months ended March 31, 2023 results: net income $1,237,000, EPS $0.12 per share.

Period: the three months ended March 31, 2023
Net income: $1,237,000
EPS: $0.12 per share
Result: reported results

Exact text from the filing

Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BARNWELL INDUSTRIES INC reported the six months ended March 31, 2023 results: net income $148,000, EPS $0.01 per share.

Period: the six months ended March 31, 2023
Net income: $148,000
EPS: $0.01 per share
Result: reported results

Exact text from the filing

Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively

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Source: SEC EDGAR

accession 0001140361-23-024721

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