---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-025961"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:06:02.352073+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Barnwell Q2 net loss widens to $1.77M on $1.68M impairment; revenue up 10%

## Summary
- Revenue $5.77M (up 10.2% YoY); net loss $1.77M ($0.18/sh) vs. $1.24M ($0.12/sh) a year ago.
- Non-cash impairment of $1.68M on oil/gas properties due to lower rolling-average prices used in ceiling test.
- Oil, gas, and NGL production increased 16%, 47%, and 100% YoY, respectively.
- G&A expenses fell 33% ($669K) to $1.36M; land segment contributed $500K from lot sales and $953K in distributions.
- Contract drilling operating loss grew $424K on operational issues; company exploring strategic alternatives for segment.

## SEC filing metadata
- accession: 0001140361-24-025961
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2024-05-14T23:59:59+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/10048/000114036124025961/0001140361-24-025961-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036124025961/ef20029123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-025961
- JSON: https://secwatch.observer/filing/0001140361-24-025961.json
- Plain text: https://secwatch.observer/filing/0001140361-24-025961.txt

## Key facts
- Earnings Releases
  BARNWELL INDUSTRIES INC reported second fiscal quarter ended March 31, 2024 results: revenue $5,774,000, net income net loss of $1,772,000, $0.18 per share, EPS $0.18 per share.
  - Period: second fiscal quarter ended March 31, 2024
  - Revenue: $5,774,000
  - Net income: net loss of $1,772,000, $0.18 per share
  - EPS: $0.18 per share
  - Result: reported results
  source text: Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second fiscal quarter ended March 31, 2024. For the quarter, the Company had revenue of $5,774,000 and a net loss of $1,772,000, $0.18 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/10048/000114036124025961/0001140361-24-025961-index.htm

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