Welcome to our dedicated page for Barnwell Inds news (Ticker: BRN), a resource for investors and traders seeking the latest updates and insights on Barnwell Inds stock.
Barnwell Industries, Inc. (NYSE American: BRN) generates a steady flow of corporate, financial, and governance news tied to its role in crude petroleum and natural gas extraction and land investment. Company communications highlight a strategic focus on expanding oil and gas operations in the Twining field near Calgary, Alberta, Canada, while managing land interests in Hawaii and repositioning the overall business.
News updates for Barnwell often cover operational developments in its Canadian energy assets, including workover and optimization initiatives at Twining that the company associates with long-term production stability and cash-flow potential. Releases also describe the sale of U.S. oil and natural gas working interests in Texas and Oklahoma, which has left Barnwell without oil and natural gas assets in the United States and redirected capital toward Canadian projects and balance sheet needs.
Investors following BRN news will see capital markets and financing announcements, such as private placements of common stock and warrants with accredited investors, including certain directors. These transactions are framed by the company as part of an ongoing transformation aimed at focusing on high-return opportunities, streamlining operations, and strengthening the balance sheet.
Barnwell’s news flow also includes governance and shareholder matters, including proxy contests, consent solicitations, adjournments of the 2025 Annual Meeting, and bylaw amendments to adjust quorum requirements. Updates on Board composition, executive appointments, and leadership transitions—such as the appointment of a new Executive Vice President – Finance, CFO succession plans, and the addition of new directors—are regular themes.
Financial results releases provide context on revenue, net loss from continuing operations, and management’s commentary on strategy and outlook. For a comprehensive view of BRN-related developments, readers can use this news page to monitor earnings announcements, asset sales, capital raises, and corporate governance updates over time.
Barnwell Industries (NYSE American: BRN) announced the adjournment of its 2025 Annual Meeting of Stockholders to September 19, 2025. In response to ongoing quorum challenges, the Board has amended its Bylaws to reduce the quorum requirement from a majority to 33.33% of outstanding shares for this specific meeting.
The Board claims that Mr. Sherwood has deliberately prevented quorum achievement, leading to multiple meeting adjournments, increased costs, and management distraction. Despite multiple settlement offers including board representation proportional to the Sherwood Group's ownership, negotiations have been unsuccessful as Mr. Sherwood reportedly seeks board control.
The Board strongly recommends stockholders use the WHITE proxy card to vote "FOR" their four nominees: Kenneth S. Grossman, Craig D. Hopkins, Joshua S. Horowitz, and Philip J. McPherson. The record date remains July 21, 2025.
Barnwell Industries (NYSE American:BRN) reported challenging Q3 2025 financial results, with revenue from continuing operations declining to $3.19 million from $4.51 million in Q3 2024. The company posted a wider net loss of $1.55 million ($0.15 per share) compared to a loss of $1.02 million ($0.10 per share) in the prior year period.
The company announced the sale of all U.S. oil and natural gas assets for $2.3 million, expecting to incur a $700,000 loss on the sale. Additionally, BRN faced increased general and administrative expenses of 43% ($565,000) due to shareholder disputes and proxy contest costs. Management expressed concerns about the company's ability to continue as a going concern, citing uncertainty about professional fees and operating cash flows.
Barnwell Industries (NYSE American: BRN) has filed a revised definitive proxy statement with the SEC for its rescheduled 2025 Annual Meeting of Stockholders. The meeting will now take place on September 10, 2025, at 9:00 a.m. HST in Honolulu, Hawaii, with a record date of July 21, 2025.
The Board strongly recommends stockholders use the WHITE proxy card to vote "FOR" their four nominees: Kenneth S. Grossman, Craig D. Hopkins, Joshua S. Horowitz, and Philip J. McPherson. The company urges shareholders to discard any green proxy card sent by the Sherwood Group. The proxy materials are available online, and stockholders will receive a Notice of Internet Availability of Proxy Materials around July 25, 2025.
Barnwell Industries (NYSE: BRN) reaffirmed its commitment to sound corporate governance amid an ongoing proxy battle with the Sherwood Group. The company welcomed Heather Isidoro to its Board following a shareholder consent process, while noting that proxy advisor Glass Lewis rejected the Sherwood Group's attempt to take control of Barnwell for the second time in three weeks. Glass Lewis is recommending shareholders vote FOR Ken Grossman, Craig Hopkins, Joshua Horowitz and Philip McPherson, only supporting Isidoro from Sherwood's slate.
The Board highlighted its recent achievements, including profitable Hawaii land sales and reduced SG&A expenses. Notably, Barnwell had offered Ned Sherwood the Chairmanship position, which he declined. The company is currently awaiting a Delaware Court of Chancery decision regarding the validity of Sherwood Group's nomination notice for the 2025 annual meeting.