---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-004867"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T18:56:24.315031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Barnwell Q1 net loss widens to $1.9M on revenue decline, impairment, and FX loss

## Summary
- Revenue $4.48M, down 27% YoY from $6.16M; net loss $1.92M ($0.19/sh) vs loss $0.66M ($0.07/sh).
- Oil, gas, NGL prices fell 2%, 40%, 8%; production dropped 17%, 21%, 17% on natural declines and workovers.
- Recorded $613K non-cash impairment of U.S. oil/gas properties and $351K foreign currency loss.
- Contract drilling unit agreed to sell a rig for $585K; proceeds received, closing in Q2 ending March 2025.
- CEO notes potential proxy contest could harm liquidity; exploring strategic alternatives for Water Resources.

## SEC filing metadata
- accession: 0001140361-25-004867
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2025-02-14T23:59:59+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/10048/000114036125004867/0001140361-25-004867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036125004867/ef20043710_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-004867
- JSON: https://secwatch.observer/filing/0001140361-25-004867.json
- Plain text: https://secwatch.observer/filing/0001140361-25-004867.txt

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