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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) issued a clarification to its August 11, 2026 earnings release regarding its previously announced Hawaii transaction. The company reiterated that the definitive agreement provides for a gross purchase price of approximately $1,770,000, with about $1.5 million expected to be net to Barnwell.
Barnwell corrected the disclosed amount of the pre-closing distribution from the applicable partnership. The accurate figure is approximately $0.1 million net to Barnwell, whereas the August 11 release had stated roughly $770,000. According to Barnwell, its August 4, 2026 disclosures on the Hawaii transaction remain unchanged.
The company stated that this clarification does not affect its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and that all other information in the August 11, 2026 earnings release remains unchanged.
Barnwell Industries (NYSE American: BRN) reported third quarter FY2026 revenue of $3.38 million and a consolidated net loss of $403,000, versus revenue of $2.54 million and a net loss of $1.12 million in the prior quarter. Net loss attributable to shareholders improved to $440,000 ($0.03 per share) from $1.15 million ($0.09 per share). Oil and gas production rose to 82,000 BOE from 75,000 BOE, a 9% increase, supporting stronger operating results.
The company ended the quarter debt free with $4.47 million in cash and cash equivalents and $3.07 million of working capital, and generated positive Adjusted EBITDA of $425,000 versus negative $369,000 in the prior quarter. General and administrative expenses declined to $1.41 million, with cash G&A falling approximately 8% sequentially to $1.28 million. Barnwell entered an agreement to sell its remaining Hawai'i real estate development interests for approximately $1.55 million in cash plus an expected $770,000 pre-closing distribution, and allowed its shareholder rights plan to expire on July 29, 2026.
Barnwell Industries (NYSE American: BRN) has entered into a definitive agreement to sell its remaining Hawaii development interests and related project rights for a gross purchase price of approximately $1.77 million. Barnwell expects about $1.5 million in net cash proceeds plus an additional pre-closing distribution of roughly $0.1 million.
The sale covers Barnwell’s indirect partnership interests in KKM Makai, LLLP and KD Kona 2013 LLLP, and development rights held by Ka'upulehu Developments in the Increment 2 area at Ka'upulehu, Hawaii. Closing is subject to customary conditions and is expected by September 30, 2026, enabling a near-complete exit from Hawaii and advancing the company’s portfolio simplification and capital redeployment strategy.
Barnwell (NYSE American:BRN) received full repayment of seller financing related to its $1,050,000 sale of Water Resources International, completing monetization of that asset. The company also recently received a ~$290,000 cash distribution from Hawaii resort interests and continues evaluating strategic alternatives, including a potential sale of its Canadian oil and gas assets.
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.