secwatch.observer — SEC 8-K summary
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Issuer:     BARNWELL INDUSTRIES INC (BRN)
CIK:        0000010048
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001140361-23-039317
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Barnwell Industries Q3 net loss $717k vs prior-year profit; declares $0.015 dividend
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- Net loss of $717k ($0.07 per share) for Q3 ended June 30, 2023, vs net earnings of $2,531k ($0.25) in prior year.
- Oil, natural gas, and NGL prices fell 37%, 72%, and 46% YoY, driving the loss; equity income from affiliates down $433k.
- Production increased: oil +13%, natural gas +30%, NGL +23% YoY, aided by new Permian Basin and Twining wells.
- Board declared a cash dividend of $0.015 per share, payable Sept 11, 2023 to holders of record Aug 24, 2023.
- Working capital $1,581k, cash $2,572k; management cites improved commodity pricing and Twining development for future results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10048/000114036123039317/0001140361-23-039317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10048/000114036123039317/brhc20057410_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-039317

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