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Barnwell Industries inc   (BRN)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $2.3600 $-0.02 -0.840%
Day's High: $2.38 Week Perf: 3.06 %
Day's Low: $ 2.29 30 Day Perf: 7.76 %
Volume (M): 7 52 Wk High: $ 3.10
Volume (M$): $ 17 52 Wk Avg: $2.53
Open: $2.34 52 Wk Low: $1.89



 Market Capitalization (Millions $) 24
 Shares Outstanding (Millions) 10
 Employees 29
 Revenues (TTM) (Millions $) 24
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 9

Barnwell Industries Inc

Barnwell was incorporated in Delaware in 1956 and fiscal 2017 represented Barnwell’s 61st year of operations. Barnwell operates in the following three principal business segments:

Oil and Natural Gas Segment - Barnwell engages in oil and natural gas development, production, acquisitions and sales in Canada.

Land Investment Segment - Barnwell invests in land interests in Hawaii.

Contract Drilling Segment - Barnwell provides well drilling services and water pumping system installation and repairs in Hawaii.

Through our wholly-owned subsidiary, Barnwell of Canada, we are involved in the acquisition and development of oil and natural gas properties. Barnwell of Canada initiates and participates in acquisition and developmental operations for oil and natural gas on properties in which it has an interest and evaluates proposals by third parties with regard to participation in exploratory and developmental operations elsewhere. Over the past several years the upstream oil and natural gas business has evolved from the traditional exploration and production model to a much more capital intensive and technologically-advanced business based on drilling horizontal wells of considerable length and performing multi-stage hydraulic fracturing.

Barnwell’s investments in oil and natural gas properties are located in Canada, principally in the province of Alberta. These property interests are principally held under governmental leases or licenses. Under the typical Canadian provincial governmental lease, Barnwell must perform exploratory operations, establish production and comply with certain other conditions. Lease terms vary with each province, but, in general, the terms grant Barnwell the right to remove oil, natural gas and related substances subject to payment of royalties on production that vary based on production rates and commodity prices.

All acquisition and developmental activities, as well as all field operations and regulatory compliance, are the direct responsibility of Barnwell of Canada’s President and Chief Operating Officer, with strategic direction and approvals for major expenditures secured from Barnwell’s senior executive management. In fiscal 2017, Barnwell participated in acquisition and developmental operations in Alberta, although Barnwell does not limit its consideration of acquisition and developmental operations to this area.

Our oil and natural gas segment revenues, profitability, and future rate of growth are dependent on oil and natural gas prices. The industry has experienced a prolonged period of low oil and natural gas prices that has negatively impacted our operating results, cash flows and liquidity. Credit and capital markets for oil and natural gas companies have been negatively affected as well, resulting in a decline in sources of financing as compared to previous years.

Natural gas prices are typically higher in the winter than at other times due to increased heating demand. Oil prices are also subject to seasonal fluctuations, but to a lesser degree. Oil and natural gas unit sales are based on the quantity produced from the properties by the properties’ operator.




   Company Address: 1100 Alakea Street Honolulu 96813 HI
   Company Phone Number: 531-8400   Stock Exchange / Ticker: NYSEAMER BRN
   


Customers Net Income grew by BRN's Customers Net Profit Margin grew to

147.84 %

5.07 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
EOG        2.26% 
EQT   -3.24%    
HAL        2.61% 
OXY        3.37% 
PXD        3.52% 
• View Complete Report
   



Barnwell Industries Inc

Barnwell Industries Inc Suffers Significant Losses as Revenue and Earnings Plummet in Recent Fiscal Period

Investors who are considering a stake in Barnwell Industries Inc will be interested in the recently released Mar 31 2023 report, which shows a significant increase in shortfall per share. The report indicates that declining orders have led to a decline in revenue, which has dropped by -21.56% to $5.24 million from $6.68 million the previous year, leading to a corresponding decline in EPS from $0.11 per share to -$0.12.
The Q1 Revenue also tumbled by -30.249% from $7.51 million, and the net shortfall for the most recent fiscal reporting period was $-1.235 million, compared to net proceeds of $2.398 million the year before. This data paints a picture of a company that is struggling to maintain its revenue baseFurthermore, Barnwell Industries Inc's operating earnings have also fallen by -90.5% to $0.161 million, which has resulted in a significant compression of the company's operating margin from 25.36% in the second quarter of 2022 to just 3.07%.
These findings are a matter of concern for investors, given the short-term outlook for the company. However, it is important to note that Barnwell Industries Inc is scheduled to release its next financial report in August 2023, and it will be closely watched by investors to determine whether the company will be able to recover from its current slump. Investors are cautioned to closely monitor the company's developments in the coming months before making any investment decisions.






 

Barnwell Industries Inc's Segments
 
 
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