Highest-materiality recent filing
Barnwell shareholders approve equity plan amendment, increase authorized shares to 3.8M
Shareholders approved amendment to 2018 Equity Incentive Plan, increasing authorized shares from 1.6M to 3.8M.
Barnwell Q2 net loss narrows to $0.09/share; revenue $2.535M
Q2 FY2026 revenue $2.535M, net loss attributable to shareholders $1.150M ($0.09/share), improving from $1.426M loss ($0.13/share) in prior quarter.
Barnwell Industries receives $290k cash from Hawaii Kukio resort partnerships; ongoing asset review
Received ~$290,000 cash distribution from minority interests in Kukio Resort partnerships (KD Kona and KKM Makai).
Barnwell Industries highlights Canadian oil assets value amid rising oil prices and strategic review
Barnwell produces about 950 boe/d from Twining oil field in Alberta, Canada, with long-life conventional reserves.
Barnwell Industries appoints Sean Wallace as strategic advisor to boost M&A
Sean Wallace appointed strategic advisor on March 11, 2026, to enhance M&A and capital markets expertise.
Barnwell Industries begins strategic review of Canadian oil & gas business, potential sale
Retained independent financial advisor to explore strategic alternatives for its Canadian oil and gas assets.
Barnwell Q1 Canadian production averages 950 BOE/day with minimal winter disruption
Produced ~86,667 BOEs (950 BOE/day) from Canadian properties in Q1 FY2026.
Barnwell Industries enters ATM equity facility with Roth Capital for up to $50M; initial limit $3.2M
Entered Sales Agreement with Roth Capital Partners for at-the-market offering of common stock up to $50M aggregate.
Barnwell Q1 revenue falls to $2.75M, net loss narrows to $1.41M
Revenue from continuing ops $2.746M (-30% YoY); net loss $1.412M ($0.13/share) vs $1.600M ($0.16) prior year.
Barnwell Industries adopts poison pill with 20% trigger, $7 exercise, expiring July 29, 2026
One Right per share issued to holders of record Feb 13, 2026; exercise price $7.00 per share.
Russell M. Gifford, EVP, CFO, Treasurer, principal financial and accounting officer, will retire on December 31, 2025.
Barnwell reports $7.1M net loss for FY2025; sells U.S. oil & gas assets, raises $2.4M
Revenue from continuing ops $13.7M; net loss $7.1M ($0.71/sh) vs prior year loss increase driven by one-time costs.
Barnwell discloses director compensation for newly appointed Joshua Schechter
Annual non-employee director fee for FY2026 is $120,000, half in RSUs and half in cash.
Barnwell Industries appoints Joshua Schechter to board, board size increases to six
Board expanded from five to six directors; Joshua E. Schechter appointed effective Nov 28, 2025.
Barnwell Industries raises $2.4M via PIPE at $1.10/share; appoints new director
Raised ~$2.4M by selling 2.2M shares at $1.10 each in a private placement led by Bradley Radoff.
Philip Patman named EVP-Finance on Oct 27, 2025; expected to become CFO after Russell Gifford's retirement.
Barnwell stockholders elect four directors and ratify Weaver & Tidwell as auditor for FY 2025
All four director nominees elected: Grossman (2,777,078 for), Horowitz (2,915,122), Hopkins (3,429,587), McPherson (3,429,737).
Barnwell reduces quorum to 33 1/3% for 2025 annual meeting amid proxy contest with Sherwood
Board amended bylaws to reduce quorum from majority to 33 1/3% on a one-time basis for the 2025 meeting.
Barnwell reports Q3 loss of $0.15/share; sells U.S. oil & gas assets for $2.3M; going concern doubt
Net loss from continuing ops $1.55M ($0.15/share) vs prior year loss $1.018M ($0.10/share); revenue $3.19M down 29% YoY.
Director Heather Isidoro resigns from Barnwell Industries board effective May 30, 2025
Heather Isidoro resigned as director on May 30, 2025, for personal reasons.
BRN consent solicitation: two directors removed, one elected, bylaw restored
Sherwood Group consent solicitation certified May 16: Proposal 1 (repeal board bylaw amendment) approved with 53.43% consent.
Barnwell Q2 revenue falls 24% to $3.57M, net loss $1.54M, going concern doubt
Revenue from continuing ops $3.57M (down 24% YoY); net loss $1.54M vs $1.31M loss in prior year.
Barnwell Industries sells Water Resources International for $1.05 million
Purchase price $1.05M ($250K cash + $800K note); note payments due May-Sept 2025.
Barnwell corrects Sherwood's misleading consent solicitation claims; Kinzler opposes takeover
Alex Kinzler submitted consent for one share to start Sherwood's 60-day solicitation period; he does NOT support the takeover.
Barnwell Industries sells water drilling subsidiary for $1,050,000 to focus on oil and gas
Sale price of $1,050,000 for wholly owned Water Resources International, Inc., a deep drilling and well pumping specialist in Hawaii.
Barnwell disqualifies Sherwood's nominees; sets Mar 14 record date for consent solicitation
Executive Committee disqualified Ned Sherwood's director slate for 2025 annual meeting as defective and insufficient.
Sherwood submitted a control slate of five nominees; Barnwell says notice lacks required information and will likely be rejected.
Director Laurance Narbut resigns from Barnwell Industries board effective Feb 19, 2025
Laurance Narbut resigned as director and member of the Reserves Committee, effective February 19, 2025.
Barnwell Q1 net loss widens to $1.9M on revenue decline, impairment, and FX loss
Revenue $4.48M, down 27% YoY from $6.16M; net loss $1.92M ($0.19/sh) vs loss $0.66M ($0.07/sh).
Barnwell Industries adopts shareholder rights plan, amends to preserve board fiduciary duties
Board authorized dividend of one Right per share of common stock, payable to holders of record as of Feb 7, 2025.
Barnwell Industries amends bylaws to remove 25% stockholder special meeting right
Effective Feb 4, 2025, board approved amendment to Article I, Section 1.2 of Bylaws.
Barnwell Industries adopts limited-duration poison pill to counter 30% holder Sherwood Group
Rights plan effective Jan 26, 2025; expires Jan 26, 2026; triggered at 20% ownership; Sherwood Group grandfathered at ~30% but cannot buy additional 0.25%+.
Barnwell Industries reports FY 2024 net loss of $5.6M; revenue $21.7M
Net loss of $1.88M in Q4 and $5.57M ($0.56/share) for FY 2024; revenue $4.27M Q4, $21.72M full year.
Barnwell Industries Q3 net loss widens to $1.25M on $5.53M revenue; drilling underway
Net loss of $1.246M ($0.12/sh) vs $0.717M loss ($0.07/sh) in year-ago quarter; revenue down 2.6% to $5.527M.
Barnwell stockholders elect all five director nominees, ratify auditor at annual meeting
All five director nominees elected; Kenneth Grossman received 5,509,053 votes for, 639,241 withheld.
Barnwell Industries approves form of RSU award agreement for employees under 2018 equity plan
Compensation Committee approved form of Restricted Stock Unit Award Agreement on May 16, 2024.
Barnwell Q2 net loss widens to $1.77M on $1.68M impairment; revenue up 10%
Revenue $5.77M (up 10.2% YoY); net loss $1.77M ($0.18/sh) vs. $1.24M ($0.12/sh) a year ago.
Annual salary of Can$265,000 for newly appointed CEO Craig D. Hopkins effective April 1, 2024.
Barnwell Industries names Craig Hopkins CEO April 1; Kinzler becomes Executive Chairman
Craig Hopkins, currently President of Octavian and BOC, will become CEO and President on April 1, 2024.
Barnwell Industries Q1 net loss $664K vs prior-year profit; production up, prices down
Revenue $6.155M (down 18% YoY); net loss $0.07/share vs net earnings $0.11/share.
West Maui Construction terminated the Stock Purchase Agreement on Dec 27, 2023, exercising its sole-discretion due diligence right.
Barnwell Industries agrees to sell Water Resources International for $2M, focuses on oil & gas
Stock Purchase Agreement with West Maui Construction Inc. for $2,000,000 gross proceeds, effective Dec 12, 2023.
Barnwell Industries reports FY2023 net loss of $961K, plans sale of Hawaii drilling segment
FY2023 revenue $25.3M, net loss $961K ($0.10 per share); Q4 revenue $6.8M, net loss $96K.
Barnwell subsidiary fixes price on 25% of nat gas production for 7 months starting Apr 2024
BOC amended contracts to fix sales price on ~25% of natural gas production from Apr 1 to Oct 31, 2024.
Barnwell Industries Q3 net loss $717k vs prior-year profit; declares $0.015 dividend
Net loss of $717k ($0.07 per share) for Q3 ended June 30, 2023, vs net earnings of $2,531k ($0.25) in prior year.
Barnwell Industries approves form of restricted stock unit awards for non-employee directors
Compensation Committee approved a new form of Director Restricted Stock Unit Award Agreement under the company's 2018 Equity Incentive Plan.
Barnwell Industries Q2 net loss $1.24M vs $2.05M profit on lower commodity prices
Net loss of $1.237M ($0.12/sh) for Q2 ended March 31, 2023, vs net earnings of $2.052M ($0.21/sh) year ago.
Barnwell Industries annual meeting: all directors elected, say-on-pay approved, auditor ratified
Elected 5 directors: Grossman, Horowitz, Kinzler, Narbut, Woodrum; votes for ranged 4.16M-5.40M, broker non-votes 2.83M.
Barnwell expands board to 9 members, appoints Horowitz and Narbut as directors
On Feb 9, 2023, board expanded from 7 to 9 seats.
Barnwell Q1 net earnings flat at $0.11/share; oil & gas revenues up 33%; declares dividend
Net earnings: $1,089,000 ($0.11 per share) for Q1 ended Dec 31, 2022, compared to $1,073,000 ($0.11) in prior-year quarter.
On May 30, 2025, Ms. Heather Isidoro notified the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) that she resigned as a director of the Company, effective May 30, 2025.
As discussed in Item 5.07 below, the requisite written consents were received with respect to Proposal 1, and with respect to Proposals 2 and 3, the requisite written consents were received to remove Mr. Kinzler and Mr. Woodrum from the Board and to elect Ms. Isidoro to the Board.
On May 16, 2025, following the certification by the independent inspector of elections of the Consent Solicitation results, Ms. Isidoro was elected to the Board.
As discussed in Item 5.07 below, the requisite written consents were received with respect to Proposal 1, and with respect to Proposals 2 and 3, the requisite written consents were received to remove Mr. Kinzler and Mr. Woodrum from the Board and to elect Ms. Isidoro to the Board.
On February 19, 2025, Mr. Laurance Narbut notified the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) that he resigned as a director of the Company, effective February 19, 2025.
his appointment as Chief Executive Officer, effective as of April 1, 2024.
Mr. Alexander C. Kinzler, the current Chief Executive Officer and President, will remain as the Company’s General Counsel and, effective April 1, 2024, will become the Company’s Corporate Secretary. Mr. Kinzler, a member of the Company’s Board of Directors (the “Board”), will become, effective April 1, 2024, Executive Chairman of the Board
Mr. Craig Hopkins would become the Chief Executive Officer and President of the Company.
Mr. Kenneth Grossman, the current Chairman of the Board, will become Vice Chairman of the Board on that date.
appointed Mr. Joshua S. Horowitz and Mr. Laurance E. Narbut to serve as directors of the Company, effective immediately.
appointed Mr. Joshua S. Horowitz and Mr. Laurance E. Narbut to serve as directors of the Company, effective immediately.
On March 10, 2022, the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) appointed Mr. Francis J. Kelly to serve as a director on the Board, effective immediately.
Max materiality 0.90 · Median 0.60 · Most common event other_material