---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-019269"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:14:46.374132+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-019269
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10048/000114036125019269/0001140361-25-019269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036125019269/ef20049163_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-019269
- JSON: https://secwatch.observer/filing/0001140361-25-019269.json
- Plain text: https://secwatch.observer/filing/0001140361-25-019269.txt

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