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 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 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.
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 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.
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.
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 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.
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 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 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.
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 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 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