---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-049628"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:41:45.243294+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Barnwell Industries reports FY 2024 net loss of $5.6M; revenue $21.7M

## Summary
- Net loss of $1.88M in Q4 and $5.57M ($0.56/share) for FY 2024; revenue $4.27M Q4, $21.72M full year.
- Non-cash impairment of oil and gas properties totaled $2.89M for the year, driven by lower 12-month rolling pricing.
- Natural gas production up 6%, NGLs up 23% YoY; oil production flat. Operating costs down 6% to $9.85M.
- New Twining development well averaged ~107 barrels/day in first two months; Matterhorn Pipeline expected to improve gas pricing.
- Company exploring strategic alternatives for contract drilling subsidiary Water Resources, including possible sale or wind-down.

## SEC filing metadata
- accession: 0001140361-24-049628
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036124049628/0001140361-24-049628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036124049628/ef20040183_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-049628
- JSON: https://secwatch.observer/filing/0001140361-24-049628.json
- Plain text: https://secwatch.observer/filing/0001140361-24-049628.txt

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