Here are the 10-K annual reports from Barnwell Industries, Inc. (BRN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BRN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRN filings page.
Barnwell Industries, Inc. reports its fiscal 2025 results, highlighting a streamlined portfolio focused on Canadian oil and natural gas and Hawaii land interests. The company sold its Water Resources drilling subsidiary in March 2025 and classified that business as discontinued operations, and in August 2025 sold its U.S. oil and gas interests in Oklahoma and Texas.
At September 30, 2025 Barnwell’s proved reserves totaled 1,380,000 Boe, consisting of 47% oil, 12% natural gas liquids and 41% natural gas, all in Canada and 66% operated. Net production for 2025 was 414,000 Boe, generating oil, NGL and gas revenues of $10,476,000, $1,588,000 and $1,499,000, respectively. The standardized measure of discounted future net cash flows from proved reserves was $6,670,000, while the undiscounted after‑tax future net cash flow was negative.
The Twining field in Alberta provided 86% of 2025 production and remains the core asset. Barnwell invested $939,000 in oil and gas properties, down from $4,805,000 in 2024, and drilled no wells in 2025. Management discloses going‑concern risks tied to commodity prices, funding needs and activist‑driven costs, and notes a 43% year‑over‑year decline in total proved reserves, driven mainly by asset sales and removal of a prior proved undeveloped location.