---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-007029"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:04:05.506893+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries Q1 net loss $664K vs prior-year profit; production up, prices down

## Summary
- Revenue $6.155M (down 18% YoY); net loss $0.07/share vs net earnings $0.11/share.
- Oil, gas, NGL production rose 21%, 26%, 80% but prices fell 7%, 57%, 34% YoY.
- G&A expenses decreased 38% ($845K) YoY due to lower professional fees and bonus.
- Water Resources sale agreement terminated; company evaluating strategic alternatives including wind-down.
- Hedged ~30% of Canadian oil and gas at fixed prices through mid-2024; planning 1-2 Twining wells.

## SEC filing metadata
- accession: 0001140361-24-007029
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2024-02-12T23:59:59+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/10048/000114036124007029/0001140361-24-007029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036124007029/ef20021342_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-007029
- JSON: https://secwatch.observer/filing/0001140361-24-007029.json
- Plain text: https://secwatch.observer/filing/0001140361-24-007029.txt

## Key facts
- Earnings Releases
  BARNWELL INDUSTRIES INC reported the first quarter ended December 31, 2023 results: revenue $6,155,000, net income $664,000, EPS $0.07 per share.
  - Period: the first quarter ended December 31, 2023
  - Revenue: $6,155,000
  - Net income: $664,000
  - EPS: $0.07 per share
  - Result: reported results
  source text: The Company posted quarterly revenue of $6,155,000 and a net loss of $664,000, or $0.07 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036124007029/0001140361-24-007029-index.htm

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