---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-024721"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:25:46.896247+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-024721
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/0001140361-23-024721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/brhc20052941_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-024721
- JSON: https://secwatch.observer/filing/0001140361-23-024721.json
- Plain text: https://secwatch.observer/filing/0001140361-23-024721.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/0001140361-23-024721-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/0001140361-23-024721-index.htm

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