Barnwell Industries, Inc. filings document an operating oil and gas company with Canadian production interests and minority Hawaii land-development partnership interests. Periodic reports and related disclosures cover production from the Twining oil field in Alberta, commodity exposure, operating and financial results, land investment activity, and the completed sale of U.S. oil and natural gas working interests.
Current reports on Form 8-K record material events such as operational updates, partnership distributions, strategic and corporate-development appointments, and asset-base updates. The filing record also includes material definitive agreements and capital-structure disclosures, including at-the-market common stock arrangements, along with governance matters, shareholder voting topics, risk disclosures, and late-filing notices when applicable.
Barnwell Industries Inc. (BRN) director Philip James McPherson received 69,000 restricted stock units (RSUs) on October 30, 2026, as a non-employee director award under the company’s 2018 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock upon vesting. The RSUs vest in three substantially equal annual installments, subject to his continued service as a director. The reported total following the award was 113,445 RSUs.
Barnwell Industries Inc. director Kenneth S. Grossman received 69,000 restricted stock units on October 30, 2026, as a non-employee director award under the company’s 2018 Equity Incentive Plan, as amended and restated. Each RSU represents a contingent right to receive one common share upon vesting. The awards vest in three substantially equal annual installments on the first three grant anniversaries, subject to his continued service as a director. His reported post-transaction holdings total 349,949, including the new award, 38,774 unvested RSUs and 242,175 common shares.
Barnwell Industries Inc. director Joshua Horowitz received 69,000 restricted stock units (RSUs) on October 30, 2026, as a non-employee director award under the Barnwell Industries, Inc. 2018 Equity Incentive Plan, as amended and restated. Each RSU represents a contingent right to receive one common share upon vesting. The RSUs vest in three substantially equal annual installments on the first three grant anniversaries, subject to continued service as a director.
Barnwell Industries Inc. director Joshua Schechter acquired 69,000 restricted stock units (RSUs) as a non-employee director award on October 30, 2026. The RSUs vest in three substantially equal annual installments on the first three anniversaries of the grant, subject to his continued service as a director. The reported total following the award was 152,674 shares and RSUs, including 43,860 previously granted RSUs and 39,814 common shares.
Barnwell Industries Inc. agreed to sell its Canadian oil and natural gas business to a local Canadian corporation under an agreement signed October 5, 2026; the transaction remains subject to closing conditions. The base purchase price is C$9 million, comprising C$4 million in cash and a 5% gross overriding royalty assigned a C$5 million value for transaction purposes, subject to working-capital and other routine adjustments. A C$1 million escrow deposit will be credited to the cash consideration at closing.
After a pre-closing reorganization, the buyer will acquire shares of the Canadian operating company and a related intercompany note. A wholly owned Canadian subsidiary will receive the 5% royalty on the acquired business’s interest in future wells drilled on lands covered by the royalty agreement; an affiliate of the buyer may purchase the royalty after closing for C$5 million. Barnwell retains pre-closing operating revenues and costs until closing, and excess cash and near-cash assets remain outside the sale. Site restoration and abandonment obligations will remain with the sold business under the buyer’s ownership and leave Barnwell’s consolidated balance sheet at closing, while Barnwell’s contractual indemnification obligations continue. Consideration is payable to Barnwell and its designated subsidiary, not directly to shareholders; the sale itself does not authorize a distribution.
Barnwell Industries, Inc. agreed to sell its Canadian oil and natural gas business to 2798913 Alberta Ltd. for a C$9,000,000 base purchase price, subject to working-capital and indebtedness adjustments. Consideration consists of C$4,000,000 in cash and a 5% gross overriding royalty valued at C$5,000,000. After a planned reorganization, the buyer would acquire all shares of the reorganized Canadian corporation; Barnwell would assign a C$8,750,000 non-interest-bearing demand promissory note and retain specified assets, including excess cash and near-cash assets.
Barnwell's wholly owned subsidiary would receive the royalty; a buyer affiliate may purchase it at any time after closing for C$5,000,000, with prior royalty payments not reducing that price. The buyer paid a C$1,000,000 deposit into escrow, to be credited against the purchase price at closing. Closing requires approval by holders of a majority of Barnwell's outstanding common shares and other conditions, with January 18, 2027 as the outside date. Upon closing, the buyer will assume future site restoration and abandonment obligations, subject to Barnwell's contractual indemnification obligations. Separately, Barnwell announced its decision to terminate its defined benefit pension plan and planned reversion of surplus assets after satisfying benefit obligations, costs and applicable taxes.
Barnwell Industries, Inc. (BRN) says its board approved termination of its qualified defined benefit pension plan, effective on or about November 30, 2026. Plan amendments provide for all benefits to be distributed through irrevocable commitments purchased from one or more annuity providers. After plan liabilities are satisfied, remaining surplus assets are expected to revert to Barnwell, subject to applicable law.
As of September 30, 2026, the plan held approximately $12.8 million in assets, compared with an estimated $7.3 million termination liability; Barnwell also reported an approximately $1.8 million supplemental executive retirement plan obligation. Assets exceed those estimated obligations by approximately $3.7 million before administrative and transaction costs, taxes, or any participant benefit increase. Barnwell anticipates a reversion in December 2026 but cannot assure its amount or timing or the resulting benefit to shareholders. Any net surplus is intended for general corporate purposes.
BARNWELL INDUSTRIES, INC. (BRN) completed the sale of its remaining Hawaii development interests on September 15, 2026, for a gross purchase price of $1,770,000 in cash. After minority interests and transaction allocations, Barnwell estimates net consideration of about $1.54 million, plus roughly $0.14 million of pre-closing partnership distributions, for total cash receipts of approximately $1.7 million.
The sale included Barnwell’s 34.45% limited partner interest in KKM Makai, LLLP, its 75% general partner interest in KD Kona 2013 LLLP, and Ka‘upulehu Developments’ remaining project rights at Ka‘upulehu on the Island of Hawaii. Barnwell states this closing effectively completes its exit from remaining Hawaii real-estate-related interests, with only minimal winding-up activities expected.
The buyer, David Johnston, is the son of Terry Johnston, a partner in Ka‘upulehu Developments. The agreement provides that the buyer will indemnify Barnwell and its affiliates against any commission claim by Terry Johnston and will indemnify them for liabilities related to the transferred partnership interests and project rights. The assets were sold on an “AS-IS” basis with limited, time-limited seller representations and liability caps.
BARNWELL INDUSTRIES INC (BRN) director Joshua Horowitz reported an indirect open-market purchase of common stock on September 8, 2026. An entity associated with him, Palm Global Small Cap Master Fund LP, purchased 10,478 shares at a weighted average price of $0.996 per share, bringing its reported indirect holdings to 330,187 shares. Separately, Horowitz is reported to hold 202,221 shares directly, including 77,878 unvested restricted stock units. The filing notes that Palm Management (US) LLC and Horowitz may be deemed beneficial owners of the Palm Global shares but expressly disclaim beneficial ownership except to the extent of their pecuniary interest, and no Rule 10b5-1 trading plan is reported.
BARNWELL INDUSTRIES INC (BRN) director, CFO and Treasurer Philip F. Patman, Jr. reported open-market purchases of the company’s common stock through the Philip F. Patman, Jr. Exempt Trust. The trust bought 5,219 shares on September 8, 2026 and 1,737 shares on September 9, 2026 at weighted average prices around $1.00 per share. Separately, he reports 219,557 shares held directly, including restricted stock awards subject to vesting conditions, and disclaims beneficial ownership of the trust-held shares except to the extent of his pecuniary interest.