Barnwell Q1 revenue falls to $2.75M, net loss narrows to $1.41M

BARNWELL INDUSTRIES INC

2026-Q1 EPS reported -$0.13 revenue$2,746,000

Revenue from continuing ops $2.746M (-30% YoY); net loss $1.412M ($0.13/share) vs $1.600M ($0.16) prior year.
Debt-free with $3.622M cash; completed $2.443M private placement in Nov 2025 to strengthen balance sheet.
Oil/NGL revenues down $1.267M on 20% price decline and lower production; natural gas prices up 64%.
Closed Honolulu office Jan 2026, retired GC Alexander Kinzler; expects meaningful cost savings.
Board evaluating strategic alternatives beyond energy; sold Hawaiian Increment II interest for $2M (pending).

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