Barnwell Industries INC

Market Movers (8-K)

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Barnwell Industries announces the sale of its remaining Hawaii development interests for $1.77 million, a move aimed at portfolio simplification and strengthening its balance sheet.
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Barnwell Industries' stockholders approved amendments to its 2018 Equity Incentive Plan, increasing the number of shares available and adjusting individual award limits.
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Barnwell Industries announced its second quarter 2026 financial results, highlighting improved sequential performance driven by cost-cutting measures and a strengthened balance sheet.
Capital raise
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Barnwell Industries announced a $290,000 cash distribution from its Hawaii real estate partnerships and is evaluating its diverse asset base for value maximization.
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Barnwell Industries appoints Sean Wallace as a strategic advisor to enhance M&A and capital markets capabilities.
Capital raise
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Barnwell Industries, Inc. has retained a financial advisor to evaluate strategic alternatives, including a potential sale, for its Canadian oil and gas business.

Quarterly Earnings (10-Q)

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Barnwell Industries reports a net loss for the quarter and six months ended March 31, 2026, with revenues declining in its oil and natural gas segment, but showing improvements in general and administrative expenses and equity in affiliates.
Worse than expected
Capital raise
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Barnwell Industries reported a reduced net loss for the quarter ended December 31, 2025, driven by asset sales and a significant capital raise, despite a decline in oil and natural gas revenues.
Capital raise
Better than expected
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Barnwell Industries reports increased net losses and significant cash burn, raising substantial doubt about its ability to continue as a going concern, despite asset sales.
Worse than expected
Capital raise
Delay expected
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Barnwell Industries reports a net loss for the second quarter of 2025 and expresses substantial doubt about its ability to continue as a going concern due to various financial pressures.
Worse than expected
Capital raise
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Barnwell Industries reports a net loss attributable to the company of $1.917 million for the quarter ended December 31, 2024, compared to a net loss of $664,000 for the same period in 2023, primarily due to decreased oil and natural gas revenues and a non-cash ceiling test impairment.
Worse than expected
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Barnwell Industries reported a net loss for the third quarter of 2024, primarily due to non-cash impairments and decreased contract drilling activity.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

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Barnwell Industries reported a significant net loss for fiscal year 2025, driven by decreased oil and natural gas revenues, asset sales, and substantial legal expenses, despite a recent capital raise.
Worse than expected
Capital raise
Delay expected
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Barnwell Industries files an amendment to its annual report on Form 10-K to include information previously omitted regarding directors, executive compensation, security ownership, related transactions, and accounting fees.
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Barnwell Industries experienced a widened net loss in fiscal year 2024, primarily due to decreased oil and gas prices and a non-cash ceiling test impairment, despite increased production in some areas.
Worse than expected
Capital raise
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Barnwell Industries has filed an amendment to its annual report to include previously omitted information regarding directors, executive compensation, and related matters.
Delay expected

Insider Trading (Form 4)

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Barnwell Industries Director Joshua Horowitz, through Palm Global, acquired 4,433 shares of common stock at $1.05 per share, increasing his total beneficial ownership.
Better than expected
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Barnwell Industries Director Kenneth S. Grossman received an award of 9,346 shares of restricted common stock, vesting in September 2026.
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Barnwell Industries, Inc. awarded Executive VP Finance Philip F. Patman Jr. 9,346 shares of restricted common stock, vesting on September 30, 2026.
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Barnwell Industries Director Joshua Horowitz received a restricted stock award of 9,346 shares, vesting on September 30, 2026.
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Barnwell Industries Inc. Director Joshua Schechter received a restricted stock unit award of 43,860 common shares, increasing his beneficial ownership to 83,674 shares.
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Ned L. Sherwood, a Director and 10% Owner of BARNWELL INDUSTRIES INC, reported the sale of over 320,000 shares of common stock in early December 2025.
Worse than expected

Proxy Statements (Def-14A)

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Barnwell Industries, Inc. adjourned its 2025 Annual Meeting and reduced the quorum requirement to 33 1/3% due to an ongoing shareholder dispute with Mr. Sherwood.
Delay expected
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Barnwell Industries, Inc. has rescheduled its 2025 Annual Meeting of Stockholders to September 10, 2025, and filed a revised definitive proxy statement.
Delay expected
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Barnwell Industries, Inc. announced the details for its adjourned 2025 Annual Meeting, including director elections and auditor appointment.
Delay expected
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Barnwell Industries, Inc. has rescheduled its 2025 Annual Meeting to September 10, 2025, following multiple adjournments caused by a persistent proxy contest with the Sherwood Group.
Delay expected
Worse than expected
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Barnwell Industries, Inc. announced the third adjournment of its 2025 Annual Meeting of Shareholders to September 3, 2025, citing Ned Sherwood's continued refusal to submit solicited votes, which the company describes as obstructionist.
Worse than expected
Delay expected
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Barnwell Industries, Inc. has announced the second adjournment of its 2025 Annual Meeting of Shareholders to June 17, 2025, citing Ned Sherwood's refusal to submit solicited proxy votes, alongside the immediate resignation of director Heather Isidoro.
Worse than expected
Delay expected

Schedule 13D - Activist Investments

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JCP Investment Management has filed a Schedule 13D reporting a 5.1% beneficial ownership stake in Barnwell Industries, Inc.
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Radoff entities report increased beneficial ownership in Barnwell Industries to 11.4% due to a change in outstanding shares.
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Bradley Radoff and the Radoff Family Foundation have increased their beneficial ownership in Barnwell Industries Inc. to 12.8% due to exercisable warrants.
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Ned L. Sherwood and affiliated entities have reduced their beneficial ownership in Barnwell Industries Inc. to 21.85% through recent open market sales.
Capital raise
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Bradley L. Radoff and the Radoff Family Foundation have acquired a 9.1% stake in Barnwell Industries Inc. through a private placement, with Radoff seeking a board appointment.
Capital raise
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Barnwell Industries, Inc. Employees' Pension Plan Trust has increased its beneficial ownership in Barnwell Industries to 6.2% through recent open market purchases.