Barnwell Industries Clarifies Hawaii Transaction Disclosure in August 11, 2026 Earnings Release

Barnwell Industries (NYSE American: BRN) issued a clarification to its August 11, 2026 earnings release regarding its previously announced Hawaii transaction.

Rhea-AI Summary

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.

Positive

• Hawaii transaction terms reaffirmed with ~$1.77M gross price and ~$1.5M net to Barnwell
• No impact on Form 10-Q for quarter ended June 30, 2026, per the company
• All other August 11, 2026 earnings disclosure remains unchanged aside from the corrected distribution figure

Negative

• Previously disclosed pre-closing distribution overstated at ~$770,000 versus corrected ~$0.1M net to Barnwell
• Lower expected pre-closing cash inflow from applicable partnership, now about $0.1M net to Barnwell

Argus Aug 13 session

+0.01% close to close Open Argus

Details

News Market Reaction – BRN

On Aug 13, the first trading day after this news, BRN closed 0.01% above the previous close.

Data tracked by StockTitan Argus for the Aug 13 session.

Key Figures

Gross purchase price: approximately $1,770,000 Net proceeds: approximately $1.5 million Pre-closing distribution: approximately $0.1 million +1 more

Gross purchase price

approximately $1,770,000

Hawaii transaction

Net proceeds

approximately $1.5 million

expected net to Barnwell

Pre-closing distribution

approximately $0.1 million

expected net to Barnwell

Previously stated distribution

approximately $770,000

amount stated in August 11 earnings release

Historical Context

5 past events · Latest: Aug 11

5 events

1. Aug 11

   earnings report

   24h Move

   +0.8%

   Improved quarterly results, production, cash position, and adjusted EBITDA

2. Aug 04

   Hawaii asset sale

   24h Move

   -1.0%

   Definitive agreement targeted remaining Hawaii interests for cash proceeds

3. Jun 18

   asset monetization

   24h Move

   -2.0%

   Seller financing repayment completed Water Resources International monetization

4. May 21

   earnings report

   24h Move

   -2.6%

   Smaller quarterly loss accompanied cost reductions and strategic reviews

5. Mar 23

   cash distribution

   24h Move

   -2.5%

   Hawaii resort partnership distributed approximately $290,000

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

definitive agreement, pre-closing distribution, form 10-q

3 terms

definitive agreement regulatory

"the definitive agreement provides for a gross purchase price"

A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.

pre-closing distribution financial

"make a pre-closing distribution of approximately $0.1 million"

A pre-closing distribution is a payment or transfer of cash or assets made by a company to its owners or stakeholders before a proposed sale, merger, or other closing event is finalized. It matters to investors because it reduces the company’s net assets and can change the economics of a deal — like someone taking money out of a shared piggy bank before everyone agrees on how to split it — and such distributions are often tracked, adjusted for, or subject to clawback in transaction agreements.

form 10-q regulatory

"Quarterly Report on Form 10-Q for the quarter ended June 30, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, TX / ACCESS Newswire / August 12, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) today announced a clarification to its August 11, 2026 earnings release relating to its previously announced Hawaii transaction.

As correctly disclosed by the Company on August 4, 2026, the definitive agreement provides for a gross purchase price of approximately $1,770,000, of which approximately $1.5 million is expected to be net to Barnwell. In connection with the transaction, the applicable partnership is expected to make a pre-closing distribution of approximately $0.1 million net to Barnwell. The August 11 earnings release stated that the pre-closing distribution was approximately $770,000.

The Company's August 4, 2026 disclosures regarding the Hawaii transaction remain unchanged, and this clarification does not affect the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All other information in the August 11, 2026 earnings release remains unchanged.

COMPANY:	Barnwell Industries, Inc. 24 Greenway Plaza, Suite 1800Q Houston, Texas 77046 Telephone: (713) 730-7026 Website: brninc.com
CONTACT:	Philip Patman, Jr. Chief Financial Officer and Treasurer Phone: (713) 730-7026 Email: barnwellinfo@brninc.com

SOURCE: Barnwell Industries

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Barnwell Industries (BRN) clarify about its Hawaii transaction on August 12, 2026?

Barnwell Industries clarified the pre-closing distribution amount in its Hawaii transaction. According to Barnwell, the applicable partnership is expected to make a pre-closing distribution of about $0.1 million net to Barnwell, not approximately $770,000 as stated in the August 11, 2026 earnings release.

What is the purchase price and net proceeds to Barnwell Industries (BRN) from the Hawaii transaction?

The Hawaii transaction has a gross purchase price of about $1,770,000. According to Barnwell, approximately $1.5 million of this amount is expected to be net to the company, consistent with its earlier August 4, 2026 disclosures about the definitive agreement.

How was the pre-closing distribution amount revised in Barnwell Industries' Hawaii transaction disclosure?

The pre-closing distribution was revised from about $770,000 to approximately $0.1 million net to Barnwell. According to Barnwell, this correction aligns the August 11, 2026 earnings release with the accurate terms of the applicable partnership distribution.

Does the Hawaii transaction clarification affect Barnwell Industries' June 30, 2026 Form 10-Q?

The clarification does not affect Barnwell’s Form 10-Q for the quarter ended June 30, 2026. According to Barnwell, the correction relates only to the August 11, 2026 earnings release and leaves the Quarterly Report unchanged.

Were other details from Barnwell Industries' August 11, 2026 earnings release changed by this clarification?

No other details were changed. According to Barnwell, all information in the August 11, 2026 earnings release remains unchanged except for the corrected pre-closing distribution amount related to the Hawaii transaction, which is now disclosed as approximately $0.1 million net to the company.

Do Barnwell Industries' August 4, 2026 Hawaii transaction disclosures remain valid after this clarification?

Yes, the earlier disclosures remain valid. According to Barnwell, its August 4, 2026 disclosures about the Hawaii transaction, including the $1,770,000 gross purchase price and expected $1.5 million net to the company, are unchanged by the August 12, 2026 clarification.