secwatch.observer — SEC 8-K summary
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Issuer:     BARNWELL INDUSTRIES INC (BRN)
CIK:        0000010048
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001140361-23-024721
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/0001140361-23-024721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10048/000114036123024721/brhc20052941_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-024721

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