---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-057996"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:05:01.317408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries reports FY2023 net loss of $961K, plans sale of Hawaii drilling segment

## Summary
- FY2023 revenue $25.3M, net loss $961K ($0.10 per share); Q4 revenue $6.8M, net loss $96K.
- Oil, natural gas, and NGL prices fell 20%, 43%, and 33% YoY respectively.
- Production rose: oil +12%, natural gas +31%, NGL +8% YoY, driven by new Canada wells.
- Agreed to sell Hawaii water well drilling operation, expected close early 2024.
- Invested $5.35M in Permian Basin wells and $4.77M in Twining area wells during FY2023.

## SEC filing metadata
- accession: 0001140361-23-057996
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036123057996/0001140361-23-057996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036123057996/ef20016795_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-057996
- JSON: https://secwatch.observer/filing/0001140361-23-057996.json
- Plain text: https://secwatch.observer/filing/0001140361-23-057996.txt

## Key facts
- Earnings Releases
  BARNWELL INDUSTRIES INC reported the fourth quarter ended September 30, 2023 results: revenue $6.8 million, net income a net loss of $96,000, EPS a loss of $0.01 per share.
  - Period: the fourth quarter ended September 30, 2023
  - Revenue: $6.8 million
  - Net income: a net loss of $96,000
  - EPS: a loss of $0.01 per share
  - Result: reported results
  source text: The Company reported consolidated revenue of $6.8 million and a net loss of $96,000 which equates to a loss of $0.01 per share for the fourth quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036123057996/0001140361-23-057996-index.htm
- Earnings Releases
  BARNWELL INDUSTRIES INC reported the year ended September 30, 2023 results: revenue $25.3 million, net income a net loss of $961,000, EPS a loss of $0.10 per share.
  - Period: the year ended September 30, 2023
  - Revenue: $25.3 million
  - Net income: a net loss of $961,000
  - EPS: a loss of $0.10 per share
  - Result: reported results
  source text: and $25.3 million in full year consolidated revenue, with a net loss of $961,000 for the full year, or a loss of $0.10 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036123057996/0001140361-23-057996-index.htm

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