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Barnwell Industries, Inc. reports developments across Canadian oil production, oil and natural gas operations, and Hawaii land investment interests. The company produces crude oil, natural gas liquids, and natural gas from interests in the Twining oil field in Alberta, Canada, and its energy updates often address production performance, commodity-price exposure, operating results, and the status of its asset base.
Barnwell news also covers minority partnership interests tied to the Kukio Resort land development in Hawaii, including episodic cash distributions from those real estate investments. Corporate updates include capital-structure actions, material agreements, shareholder-rights and governance matters, financial results, and leadership or advisory roles connected to corporate development.
Barnwell Industries (NYSE American: BRN) reported Q2 2026 revenue of $2.54 million and a consolidated net loss of $1.12 million, improving from the prior quarter’s $1.41 million loss. The company stayed debt free with $4.02 million in cash, cut cash G&A about 8–10% sequentially, improved oil and gas operating results to a $87,000 profit, completed its headquarters move to Houston, expanded its at-the-market share sales capacity, and continued strategic reviews including a potential sale of its Canadian oil and gas business and Hawaiian real estate interests.
Barnwell Industries (NYSE American: BRN) received a cash distribution of approximately $290,000 from its minority partnership interests in the Kukio Resort land development (KD Kona and KKM Makai) on the Kona coast of Hawaii.
The company said the payment is episodic but highlights embedded real estate value alongside its core energy operations and that it has begun soliciting indications of interest per a March 13, 2026 Form 8-K to evaluate realizing fair value.
Barnwell Industries (NYSE American: BRN) highlighted that recent strength in oil prices increases the revenue potential of its Canadian production, which averages approximately 950 barrels of oil equivalent per day from long-life conventional reserves in Alberta.
The company confirmed its ongoing strategic review of Canadian oil and gas assets, including the potential sale, and said it has solicited indications of interest (Form 8-K filed March 13, 2026). Barnwell emphasized disciplined capital allocation and will provide updates as appropriate.
Barnwell Industries (NYSE American: BRN) on March 11, 2026 appointed Sean Wallace as a strategic advisor to expand M&A capabilities and capital markets expertise.
Wallace, who participated in Barnwell's November 2025 private placement, has 30+ years in finance and served as CFO at AST SpaceMobile and Cogent Communications. He will assess and execute mergers, acquisitions, divestitures, and corporate development across targeted sectors including Space, Telecommunications, Emerging Defense, Rare Earths, Reshoring, and Energy.
Barnwell Industries (NYSE American: BRN) reported reliable Canadian winter production in its Q1 FY2026 Form 10-Q, with total production of 86,667 BOEs (~950 BOE/day) from the Twining field in Alberta. The company noted minimal winter disruptions and steady output of crude oil, NGLs and natural gas.
Barnwell emphasized Alberta's political stability and proximity to North American markets while reiterating disciplined capital allocation and operational oversight.
Barnwell Industries (NYSE American: BRN) reported Q1 (ended Dec 31, 2025) revenue of $2,746,000 and a net loss from continuing operations of $1,412,000 (loss of $0.13 per share). The company is debt free with $3,622,000 in cash and $1,826,000 in working capital.
Quarter results reflect higher G&A (+39%) driven by personnel, CFO share-based costs and professional fees, partially offset by improved oil and gas and land segment results and a foreign currency gain.
Barnwell Industries (NYSE American: BRN) adopted a limited-duration shareholder rights plan effective January 30, 2026 to protect long-term shareholder value and prevent "creeping control."
The plan issues one right per outstanding share as of close of business February 13, 2026, becomes exercisable if a person acquires 20% or more, and expires on July 29, 2026 unless earlier redeemed or exchanged. Beneficial owners above the trigger are grandfathered but may not buy an additional 0.25% or more without triggering the plan. Further details will be filed on Forms 8-K and 8-A.
Barnwell (NYSE American: BRN) announced that Russell M. Gifford will retire as Executive Vice President, Chief Financial Officer and Treasurer effective December 31, 2025. The company appointed Philip F. Patman, Jr., currently Executive Vice President - Finance, to succeed Gifford as Chief Financial Officer, Treasurer and principal financial officer effective December 31, 2025. The board and management thanked Gifford for his service; Gifford joined Barnwell in 1982 and had served as CFO since 1985.
Barnwell Industries (NYSE American: BRN) reported fourth-quarter revenue from continuing operations of $3.022M and a Q4 net loss from continuing operations of $2.429M (loss of $0.24 per share). For fiscal 2025 the company reported revenue from continuing operations of $13.697M and a net loss from continuing operations of $7.103M (loss of $0.71 per share).
Year-over-year loss widened due to higher G&A driven by one-time costs for a shareholder consent solicitation, a loss on the sale of U.S. oil and gas working interests, lower commodity prices and reduced production, and softer land investment results.
Material corporate actions: sale of all U.S. oil and gas assets, a November 2025 private placement that raised approximately $2.443M, a Kaupulehu Increment II surrender agreement for $2.0M (with $70,000 received and closing subject to purchaser), and planned closure of the Hawaii office with HQ shared between Houston and Calgary.
Barnwell Industries (NYSE American: BRN) announced it closed a private placement on December 3, 2025, raising approximately $2.4 million in gross proceeds.
The company issued 2.2 million shares of common stock at $1.10 per share. Purchasers (excluding board, management and one other) also received warrants to buy up to 1.0 million shares at an exercise price of $1.65 per share, exercisable after a six‑month delay and expiring in 3 years. The securities were sold in a private placement relying on exemptions from registration under the Securities Act.
The company said net proceeds will be used for general corporate purposes, strengthening the balance sheet, supporting operations, and pursuing strategic initiatives.