---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-006428"
form_type: "8-K"
ticker: "BRN"
cik: "0000010048"
company_name: "BARNWELL INDUSTRIES INC"
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:01:27.139941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-26-006428
- form_type: 8-K
- ticker: BRN
- cik: 0000010048
- company_name: BARNWELL INDUSTRIES INC
- filed_at: 2026-02-23T23:59:59+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/10048/000114036126006428/0001140361-26-006428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10048/000114036126006428/ef20066283_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-006428
- JSON: https://secwatch.observer/filing/0001140361-26-006428.json
- Plain text: https://secwatch.observer/filing/0001140361-26-006428.txt

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