---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-037074"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:33:15.146605+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries Q3 net loss widens to $1.25M on $5.53M revenue; drilling underway

## Summary
- Net loss of $1.246M ($0.12/sh) vs $0.717M loss ($0.07/sh) in year-ago quarter; revenue down 2.6% to $5.527M.
- Non-cash impairment of $599K on oil & gas properties due to backward-looking pricing and optimization capex.
- Production operating costs fell 26% YoY to $2.234M; company remains debt-free with $4.393M cash.
- Drilling of one 100%-owned Twining development well commenced July 2024; expected on production early September.
- Strategic review of Water Resources contract drilling segment (sale or wind-down) continues.

## SEC filing metadata
- accession: 0001140361-24-037074
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036124037074/0001140361-24-037074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036124037074/ef20034055_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-037074
- JSON: https://secwatch.observer/filing/0001140361-24-037074.json
- Plain text: https://secwatch.observer/filing/0001140361-24-037074.txt

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