Quarterly ResultAug 11, 2026, 08:31 AM
Barnwell Q3 Net Loss $(0.44)M, EPS $(0.03)
AI Summary
Barnwell Industries reported a net loss of $(0.44) million, or $(0.03) per share, for the three months ended June 30, 2026, a significant improvement from the $(1.55) million loss in the prior year. Revenues for the quarter increased to $3.38 million. The company also announced a subsequent agreement to sell its remaining Hawaii real estate-related interests for an aggregate purchase price of $1.77 million, with an estimated net consideration of $1.55 million. This transaction is expected to close by September 15, 2026, marking a complete exit from its Hawaii real estate-related interests.
Key Highlights
- Net loss attributable to Barnwell Industries, Inc. for Q3 2026 was $(440,000) compared to $(1,550,000) in Q3 2025.
- Basic and diluted loss per share for Q3 2026 was $(0.03) compared to $(0.15) in Q3 2025.
- Total revenues for Q3 2026 increased to $3,379,000 from $3,192,000 in Q3 2025.
- Net loss for the nine months ended June 30, 2026, was $(3,016,000) compared to $(4,674,000) in 2025.
- Equity in income of affiliates was $376,000 for Q3 2026, up from nil in Q3 2025.
- Cash and cash equivalents increased to $4,467,000 at June 30, 2026, from $2,886,000 at September 30, 2025.
- Net cash provided by financing activities for nine months was $4,346,000 due to stock issuance.
- Subsequent agreement to sell Hawaii real estate interests for $1,770,000, with net $1,550,000 to the company.
Price Impact
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