Barnwell highlights Canadian oil asset review

Barnwell Industries is emphasizing the value of its Canadian oil production and updating investors on a strategic review of those assets.

Rhea-AI Filing Summary

Barnwell Industries is emphasizing the value of its Canadian oil production and updating investors on a strategic review of those assets. The company produces about 950 barrels of oil equivalent per day from the Twining oil field in Alberta, describing these as long-life, conventional reserves in a stable jurisdiction. Management says higher global oil prices give this production base greater revenue potential and “meaningful leverage” to rising prices. Barnwell is actively evaluating strategic alternatives for its Canadian oil and gas assets, including a possible sale, and has begun soliciting and evaluating indications of interest from potential counterparties, with the aim of confirming and potentially realizing fair value.

Insights

Energy sector analyst

Barnwell spotlights Canadian oil cash-flow leverage and keeps sale options open.

Barnwell highlights producing about 950 barrels of oil equivalent per day from long-life, conventional reserves in Alberta. Management links recent strength in global oil prices to higher revenue potential from these Canadian assets, stressing exposure to North American energy markets and stable operations.

The company reiterates that it is evaluating strategic alternatives for its Canadian oil and gas properties, including a potential sale. It has started soliciting and assessing indications of interest, aiming to confirm and potentially realize fair value. Actual outcomes will depend on counterparties’ proposals and market conditions at the time of any transaction.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

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

What did Barnwell Industries (BRN) announce about its Canadian oil assets?

Barnwell highlighted the value of its Canadian oil production and confirmed an ongoing strategic review. The company sees stronger global oil prices increasing revenue potential and is actively evaluating options, including a possible sale, to confirm and potentially realize fair value for these assets.

How much oil does Barnwell Industries (BRN) produce from Canada?

Barnwell produces approximately 950 barrels of oil equivalent per day from its interests in the Twining oil field in Alberta. Management describes these as long-life, conventional reserves in a stable jurisdiction, providing direct exposure to North American energy markets and recent oil price strength.

What strategic alternatives is Barnwell Industries (BRN) considering?

Barnwell is evaluating strategic alternatives for its Canadian oil and gas assets, including a potential sale. It has begun soliciting and reviewing indications of interest from potential counterparties, with the intention of confirming and potentially realizing fair value given current commodity price conditions.

How does Barnwell (BRN) view the impact of higher oil prices on its business?

Barnwell believes recent increases in global oil prices enhance the revenue potential of its Canadian production base. Management states these assets offer shareholders meaningful leverage to rising oil prices, supported by low operational disruption and consistent production performance from long-life, conventional reserves.

Where are Barnwell Industries’ (BRN) key Canadian oil operations located?

Barnwell’s key Canadian oil production comes from the Twining oil field in Alberta, Canada. The company characterizes this area as a stable and well-established jurisdiction, with long-life, conventional reserves that support consistent production and direct exposure to North American energy markets.

Will Barnwell Industries (BRN) provide further updates on its strategic review?

Barnwell indicates it will provide updates on the strategic review of its Canadian oil and gas assets as appropriate. The company has already started soliciting indications of interest and emphasizes disciplined capital allocation and maximizing shareholder value as it evaluates potential outcomes.

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

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Accepted by SEC EDGAR 03/23/2026 - 04:05 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 19, 2026

BARNWELL INDUSTRIES, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	1-5103	72-0496921
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

24 Greenway Plaza, Suite 1800Q

Houston, Texas 77046

(Address of Principal Executive Offices) (Zip Code)

(713) 730-7026

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.50 Par Value	BRN	NYSEAMER

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On March 19, 2026, Barnwell Industries, Inc. (the “Company”) issued a press release highlighting the Company’s Canadian oil production assets in light of recent increases in global energy prices and provides an update on the Company’s ongoing evaluation of strategic alternatives for those assets. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press release dated March 19, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 23, 2026

BARNWELL INDUSTRIES, INC.
By:	/s/ Philip F. Patman, Jr.
	Name:	Philip F. Patman, Jr.
	Title:	Chief Financial Officer and Treasurer

Exhibit 99.1

Barnwell Industries Highlights Increased Revenue Leverage to Rising Oil Prices and Ongoing Strategic Review

HOUSTON, TX / ACCESS Newswire / March 19, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) (“Barnwell” or the “Company”) today highlighted the increased value and revenue potential of its Canadian oil production in light of recent strength in global energy prices, and provided an update on its ongoing strategic review process.

Barnwell produces crude oil from its interests in the Twining oil field in Alberta, Canada, generating approximately 950 barrels of oil equivalent per day from long-life, conventional reserves in a stable and well-established jurisdiction.

With recent increases in oil prices, the Company believes its Canadian production base is positioned to generate meaningfully higher revenue relative to recent prior periods. Barnwell’s assets provide direct exposure to strengthening North American energy markets, with low operational disruption and consistent production performance.

“We believe the current commodity price environment highlights the inherent value and resilience of our Canadian production base,” said Philip Patman, Jr., Chief Financial Officer of Barnwell Industries. “Our assets offer shareholders meaningful leverage to rising oil prices, and we are focused on translating this into enhanced revenues and long-term value.”

The Company also confirmed that it continues to actively evaluate strategic alternatives with respect to its Canadian oil and gas assets, including the potential sale of such assets, as previously disclosed. As outlined in the Company’s Form 8-K filed with the Securities and Exchange Commission on March 13, 2026, Barnwell has commenced a process to solicit and evaluate indications of interest from potential counterparties, with the intention being to confirm and potentially realize fair value for those assets in light of current market conditions.

The Company remains committed to disciplined capital allocation and maximizing shareholder value, and will provide updates as appropriate.

About Barnwell Industries, Inc.

Barnwell Industries, Inc. (NYSE:BRN) is a diversified company with operations and interests in energy and related assets. The Company is focused on disciplined capital allocation, operational excellence, and high-return growth opportunities.

Forward-Looking Statements

The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.

COMPANY:

Philip F. Patman, Jr.

Chief Financial Officer and Treasurer

Barnwell Industries, Inc.

24 Greenway Plaza, Suite 1800Q

Houston, Texas 77046

Telephone: +1 (713) 730 7026

Website: www.brninc.com

SOURCE: Barnwell Industries, Inc.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 9.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB