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Barnwell Industries Inc. - BRN STOCK NEWS

Welcome to our dedicated news page for Barnwell Industries (Ticker: BRN), a resource for investors and traders seeking the latest updates and insights on Barnwell Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Barnwell Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Barnwell Industries's position in the market.

Rhea-AI Summary
Barnwell Industries, Inc. announces CEO transition from Alexander Kinzler to Craig Hopkins, effective April 1, 2024. Kinzler to become Executive Chairman. Hopkins, with extensive energy company experience, to lead the company's new focused business strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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Rhea-AI Summary
Barnwell Industries, Inc. reports Q1 financial results with revenue of $6,155,000 and a net loss of $664,000. Production increases in oil, natural gas, and liquids offset price declines. General and administrative expenses decreased by 38%. Strategic alternatives explored for Water Resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
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Rhea-AI Summary
Barnwell Industries, Inc. (BRN) announced its financial results for Q4 and FY 2023, reporting $6.8M in Q4 revenue with a net loss of $96,000, and $25.3M in full year revenue with a net loss of $961,000. The company also plans to divest its Hawaii contract drilling operations to streamline operations and reduce corporate overhead.
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Rhea-AI Summary
Barnwell Industries, Inc. (NYSE American: BRN) announced the sale of Water Resources International, Inc. for gross proceeds of $2,000,000. The sale is expected to streamline operations and focus on domestic and Canadian oil and natural gas business. The transaction supports Barnwell's focus on simplifying its holding company operations and corporate structure. The proceeds will be used for general corporate purposes and reinvestment in the company's oil and gas operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
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none
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Rhea-AI Summary
Barnwell Industries, Inc. (NYSE American: BRN) 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, compared to net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022. The company also declared a cash dividend of $0.015 per share payable on September 11, 2023. Production of all products increased over the prior year’s third quarter, with oil, natural gas, and natural gas liquids increasing by 13%, 30%, and 23%, respectively. The company's investment in wells in the Permian Basin of Texas and new facilities in the Twining area contributed to these production increases.
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0.38%
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dividends
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3.67%
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dividends earnings
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4.49%
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Rhea-AI Sentiment
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0.34%
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Rhea-AI Sentiment
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-1.34%
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dividends
Barnwell Industries Inc.

NYSE:BRN

BRN Rankings

BRN Stock Data

27.45M
4.66M
56.07%
12.87%
0.11%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Honolulu

About BRN

barnwell of canada, limited is an oil and energy company located in 6395 ave sw, calgary, alberta, canada.