Barnwell Q2 revenue falls 24% to $3.57M, net loss $1.54M, going concern doubt

BARNWELL INDUSTRIES INC

2025-Q2 EPS reported -$0.31 revenue$7,503,000

Revenue from continuing ops $3.57M (down 24% YoY); net loss $1.54M vs $1.31M loss in prior year.
G&A expenses surged 72% (+$906k) due to $978k in proxy contest costs; costs ongoing.
Oil production fell 14%, natural gas 24%, NGL 13% vs prior year quarter.
Sold water drilling subsidiary Water Resources for $1.05M; recorded loss of $193k.
Expresses 'substantial doubt' about going concern; seeking funding but none secured; working capital deficit $57k.

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