BARNWELL INDUSTRIES INC reported its second quarter ended March 31, 2026 results: revenue $2,535,000, net income consolidated net loss of $1,116,000, EPS $0.09 per share.
“For the quarter ended March 31, 2026, Barnwell reported revenue of $2,535,000 and a consolidated net loss of $1,116,000, compared to revenue of $2,630,000 and a consolidated net loss of $1,412,000 million for the quarter ended December 31, 2025. Net loss attributable to Barnwell shareholders improved to $1,150,000, or $0.09 per share, compared with $1,426,000, or $0.13 per share, in the prior quarter.”
Material Agreements
BARNWELL INDUSTRIES INC entered into Sales Agreement with Roth Capital Partners, LLC valued at $50,000,000 (effective 2026-02-25).
“On February 25, 2026, Barnwell Industries, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (the “Agent”), under which the Company may, from time to time, sell shares of the Company’s common stock having an aggregate offering price of up to $50,000,000 in “at the market” offerings through or to the Agent, as sales agent.”
Material Agreements
BARNWELL INDUSTRIES INC entered into Rights Agreement with Broadridge Corporate Issuer Solutions, LLC valued at Dividend distribution of one Right per share of common stock, purchase price $7.00 per share. (effective 2026-01-30).
“The description and complete terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”), dated as of January 30, 2026, between the Company and”
Material Agreements
BARNWELL INDUSTRIES INC entered into Purchase Agreement with certain investors (the "Purchasers"), including certain directors of the board of directors of the Company valued at approximately $2,443,255 (effective 2025-11-24).
“On November 24, 2025, Barnwell Industries, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), including certain directors of the board of directors of the Company pursuant to which the Company agreed to issue and sell an aggregate of: (i) 2,221,141 shares of its common stock, par value $0.50 per share (the “Common Stock”), and (ii) warrants (the “Common Warrants”) to purchase up to 1,029,104 shares of Common Stock (the “Warrant Shares”) in a private placement offering of the Company’s securities (the “Offering”).”
Equity Issuances
BARNWELL INDUSTRIES INC issued up to 1,029,104 shares of warrant to certain investors for exercise price of $1.65 per share.
“any Common Warrants. The price of the shares of Common Stock sold in the private placement was $1.10 per share of Common Stock. The Common Warrants have an exercise price of $1.65 per share (the “Exercise Price”), can be exercised starting one hundred eighty (180) days following the date of closing of the Offering (the “Initial Exercise Date”) and will be”
Equity Issuances
BARNWELL INDUSTRIES INC issued 2,221,141 shares of common stock to certain investors including certain directors for $1.10 per share.
“as Purchasers in the Offering and certain other Purchasers will not receive any Common Warrants. The price of the shares of Common Stock sold in the private placement was $1.10 per share of Common Stock. The Common Warrants have an exercise price of $1.65 per share (the “Exercise Price”), can be exercised starting one hundred eighty (180) days following”
Governance Changes
BARNWELL INDUSTRIES INC: Reduced quorum requirement for 2025 annual meeting to 33 1/3% on a one-time basis (effective 2025-09-10).
“On September 10, 2025, the Board of Directors of Barnwell Industries, Inc. (the “Company”) approved an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws Amendment”) to reduce the quorum needed to transact business at the 2025 annual meeting of stockholders (including any adjournment or postponement thereof) on a one-time, limited basis to thirty three one-third percent (33 1/3%) of the Company’s voting power of the issued and outstanding shares of capital stock of the Company entitled to vote thereat, present in person or represented by proxy.”
Heather Isidoro resigned as Director at BARNWELL INDUSTRIES INC.
“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.”
Governance Changes
BARNWELL INDUSTRIES INC: Stockholders holding at least 25% of outstanding capital stock may call a special meeting; the ability had been removed by an amendment effective February 4, 2025 (effective 2025-05-16).
“Article I, Section 1.2 of the Bylaws of the Company was amended to add the ability of stockholders of record who hold at least twenty-five percent (25%) in amount of the entire issued and outstanding capital stock of the Company to call a special meeting of stockholders of the Company.”
Heather Isidoro was elected as Director at BARNWELL INDUSTRIES INC.
“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.”
Douglas N. Woodrum was removed as Director at BARNWELL INDUSTRIES INC.
“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.”
Alexander C. Kinzler was removed as Director at BARNWELL INDUSTRIES INC.
“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.”
M&A Transactions
BARNWELL INDUSTRIES INC completed a disposition involving Denise Miyasato, Chad Arima and Eric Elred (collectively the Buyer) for $1,050,000 (closed 2025-03-14).
“with the execution and delivery of the Purchase Agreement by each of the parties thereto on March 14, 2025 (the “ Closing Date ”). The aggregate purchase price for the Shares is $1,050,000 (the “ Purchase Price ”), which was paid at Closing by the Buyer as follows: an initial aggregate cash payment of $250,000 and the delivery of a promissory note with a principal”
Laurance Narbut resigned as Director at BARNWELL INDUSTRIES INC.
“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.”
Governance Changes
BARNWELL INDUSTRIES INC: The Board approved an amendment to Article I, Section 1.2 of the Bylaws to remove the ability of stockholders holding at least 25% of outstanding capital stock to call a special meeting of stockholders (effective 2025-02-04).
“Effective as of February 4, 2025, the Board approved an amendment to Article I, Section 1.2 of the Bylaws of the Company to remove the ability of stockholders of record who hold at least twenty-five percent (25%) in amount of the entire issued and outstanding capital stock of the Company to call a special meeting of stockholders of the Company.”
Earnings Releases
BARNWELL INDUSTRIES INC reported second fiscal quarter ended March 31, 2024 results: revenue $5,774,000, net income net loss of $1,772,000, $0.18 per share, EPS $0.18 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported financial results for its second fiscal quarter ended March 31, 2024. For the quarter, the Company had revenue of $5,774,000 and a net loss of $1,772,000, $0.18 per share.”
Craig D. Hopkins was appointed as Chief Executive Officer at BARNWELL INDUSTRIES INC.
“his appointment as Chief Executive Officer, effective as of April 1, 2024.”
Governance Changes
BARNWELL INDUSTRIES INC: Removed requirement that President must be a Board member (effective 2024-02-19).
“On February 19, 2024, the Board amended Article V, Section 5.01 of the Bylaws of the Company to remove the requirement that the President of the Company must be a member of the Board .”
Kenneth Grossman was named as Vice Chairman of the Board at BARNWELL INDUSTRIES INC.
“Mr. Kenneth Grossman, the current Chairman of the Board, will become Vice Chairman of the Board on that date.”
Alexander C. Kinzler was named as Executive Chairman, General Counsel, and Corporate Secretary at BARNWELL INDUSTRIES INC.
“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”
Craig Hopkins was appointed as Chief Executive Officer and President at BARNWELL INDUSTRIES INC.
“Mr. Craig Hopkins would become the Chief Executive Officer and President of the Company.”
Earnings Releases
BARNWELL INDUSTRIES INC reported the first quarter ended December 31, 2023 results: revenue $6,155,000, net income $664,000, EPS $0.07 per share.
“The Company posted quarterly revenue of $6,155,000 and a net loss of $664,000, or $0.07 per share.”
Material Agreements
BARNWELL INDUSTRIES INC terminated Stock Purchase Agreement with West Maui Construction Inc. (effective 2023-12-27).
“On December 27, 2023, the law firm representing West Maui sent, on behalf of West Maui, a notice that West Maui had terminated the Purchase Agreement”
Earnings Releases
BARNWELL INDUSTRIES INC reported the year ended September 30, 2023 results: revenue $25.3 million, net income a net loss of $961,000, EPS a loss of $0.10 per share.
“and $25.3 million in full year consolidated revenue, with a net loss of $961,000 for the full year, or a loss of $0.10 per share.”
Earnings Releases
BARNWELL INDUSTRIES INC reported the fourth quarter ended September 30, 2023 results: revenue $6.8 million, net income a net loss of $96,000, EPS a loss of $0.01 per share.
“The Company reported consolidated revenue of $6.8 million and a net loss of $96,000 which equates to a loss of $0.01 per share for the fourth quarter”
Material Agreements
BARNWELL INDUSTRIES INC entered into Purchase Agreement with West Maui Construction Inc. valued at $2,000,000 (effective 2023-12-12).
“On December 13, 2023, Barnwell Industries, Inc. (“ BII ”) and Barnwell of Canada, Limited (“ Barnwell Canada ” and, collectively with BII, the “ Sellers ”), a subsidiary of BII, entered into a Stock Purchase Agreement with West Maui Construction Inc. (“ West Maui ”) whereby West Maui will acquire from the Sellers all of the shares of capital stock of Water Resources International, Inc. (the “ Shares ”) owned by the Sellers (the “ Purchase Agreement ”).”
Earnings Releases
BARNWELL INDUSTRIES INC reported the three and nine months ended June 30, 2023 results: net income net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 202, EPS $0.07 per share, and $0.09 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 2023, respectively”
Earnings Releases
BARNWELL INDUSTRIES INC reported the six months ended March 31, 2023 results: net income $148,000, EPS $0.01 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively”
Earnings Releases
BARNWELL INDUSTRIES INC reported the three months ended March 31, 2023 results: net income $1,237,000, EPS $0.12 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively”
Laurance E. Narbut was appointed as director at BARNWELL INDUSTRIES INC.
“appointed Mr. Joshua S. Horowitz and Mr. Laurance E. Narbut to serve as directors of the Company, effective immediately.”
Joshua S. Horowitz was appointed as director at BARNWELL INDUSTRIES INC.
“appointed Mr. Joshua S. Horowitz and Mr. Laurance E. Narbut to serve as directors of the Company, effective immediately.”
Earnings Releases
BARNWELL INDUSTRIES INC reported the three months ended December 31, 2022 results: net income $1,089,000, EPS $0.11 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $1,089,000, $0.11 per share, for the three months ended December 31, 2022, as compared to net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021.”
Material Agreements
BARNWELL INDUSTRIES INC entered into Cooperation and Support Binding Term Sheet with Alexander C. Kinzler, MRMP-Managers LLC, the Ned L. Sherwood Revocable Trust, NLS Advisory Group, Inc. and Ned L. Sherwood (effective 2023-01-21).
“On January 21, 2023, Barnwell Industries, Inc. (“Barnwell” or the “Company”) entered into a Cooperation and Support Binding Term Sheet (the “Cooperation Agreement”) with Alexander C. Kinzler, MRMP-Managers LLC, the Ned L. Sherwood Revocable Trust, NLS Advisory Group, Inc. and Ned L. Sherwood (collectively, the “MRMP Stockholders”)”
Earnings Releases
BARNWELL INDUSTRIES INC reported the quarter ended September 30, 2022 results: net income $143,000, EPS $0.01 per share.
“For the quarter ended September 30, 2022, Barnwell reported a net loss of $143,000, $0.01 per share, as compared to net earnings of $1,547,000, $0.16 per share, for the quarter ended September 30, 2021.”
Earnings Releases
BARNWELL INDUSTRIES INC reported the year ended September 30, 2022 results: net income $5,513,000, EPS $0.57 per share.
“Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $5,513,000, $0.57 per share, for the year ended September 30, 2022, as compared to net earnings of $6,253,000, $0.73 per share, for the year ended September 30, 2021.”
Material Agreements
BARNWELL INDUSTRIES INC entered into Purchase and Sale Agreement with Alchemist Energy LeaseCo, LP valued at US$ 805,651 (effective 2022-12-01).
“As of December 14, 2022, Barnwell Texas, LLC (“Barnwell Texas”), a subsidiary of Barnwell Industries, Inc. (the “Company”), entered into a Purchase and Sale Agreement with Alchemist Energy LeaseCo, LP (“AEL”) whereby Barnwell Texas acquired from AEL a 22.3% non-operated working interest in oil and gas leasehold acreage in the Permian Basin in Texas, together with associated contracts, contract rights, joint venture interests and other related assets (the “Purchase and Sale Agreement”). The effective date of the Purchase and Sale Agreement was December 1, 2022. In connection with the purchase of such leasehold interests, Barnwell Texas acquired a 15.4% non-operated working interest in two planned oil wells in Texas (the “Wells”). The purchase price for the interest in the leasehold acreage was US$ 805,651.”
Francis J. Kelly was appointed as director at BARNWELL INDUSTRIES INC.
“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.”
Colin R. O'Farrell resigned as Director at BARNWELL INDUSTRIES INC.
“On March 7, 2022, Mr. Colin R. O’Farrell notified the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) that he resigned as a director of the Company, effective March 7, 2022.”
Colin R. O’Farrell was appointed as Director at BARNWELL INDUSTRIES INC.
“Effective July 12, 2021, the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) appointed Mr. Colin R. O’Farrell to serve as a director on the Board, effective immediately.”
Robert J. Inglima, Jr. resigned as Director at BARNWELL INDUSTRIES INC.
“On June 28, 2021, Mr. Robert J. Inglima, Jr. notified the Board of Directors (the “Board”) of Barnwell Industries, Inc. (the “Company”) of his intention to resign as a director therefrom, effective June 30, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.