Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. It also invests in land interests in Hawaii. In addition, the company owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of various depths; installs and repairs water pumping systems; and distributes Floway pumps and equipment in Hawaii. Barnwell Industries, Inc. was founded in 1956 and is headquartered in Honolulu, Hawaii.
IPO Year: 1965
Exchange: AMEX
Website: brninc.com
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The Dow Jones index closed lower by over 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Marygold Companies The Trade: The Marygold Companies, Inc. (NYSE:MGLD) 10% owner Nicholas & Melinda Gerber Living Trust bought a total of 80,000 shares at an average price of $1.35. To acquire these shares, it cost around $107,760. What's Happ
The Dow Jones index closed higher by around 170 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Socket Mobile The Trade: Socket Mobile, Inc. (NASDAQ:SCKT) Director Charlie Bass bought a total of 10,000 shares at an average price of $1.24. To acquire these shares, it cost around $12,357. What's Happening: On May 1, Socket Mobile posted
The Dow Jones index closed higher by around 150 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Barnwell Industries The Trade: Barnwell Industries, Inc. (NYSE:BRN) 10% owner Ned L. Sherwood Revocable Trust bought a total of 38,324 shares at an average price of $2.76. To acquire these shares, it cost around $105,773. What's Happening: On
The Dow Jones index closed higher by over 250 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Barnwell Industries The Trade: Barnwell Industries, Inc. (NYSE:BRN) 10% owner Sherwood Revocable Trust acquired a total of 52,150 shares an average price of $2.80. To acquire these shares, it cost around $146,263. What's Happening: On Feb. 20,
On April 1, 2024, Kinzler also will become Executive Chairman of the Company's Board of Directors. Kinzler currently owns 939,500 shares of Barnwell's common stock, representing approximately 9.2% of the Company's outstanding shares. Relatives of Kinzler's own approximately 4% of the Company's outstanding shares.
Barnwell Industries (AMEX:BRN) reported quarterly losses of $(0.07) per share. This is a 163.64 percent decrease over earnings of $0.11 per share from the same period last year. The company reported $6.16 million in sales this quarter. This is a 18.05 percent decrease over sales of $7.51 million the same period last year.
-SEC Filing
Barnwell Industries (AMEX:BRN) reported quarterly losses of $(0.01) per share. This is unchanged from the same period last year. The company reported $6.84 million in sales this quarter. This is a 18.37 percent decrease over sales of $8.38 million the same period last year.
The Dow Jones closed slightly higher on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Butler National The Trade: Butler National Corporation (OTC:BUKS) 10% owner Joseph Patrick Daly acquired a total of 100,000 shares an average price of $0.69. To acquire these shares, it cost around $68,900. What’s Happening: Butler National disclosed the acquis
CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada President and COO Craig Hopkins Transition Aligned with Company's New Focused Business Strategy HONOLULU, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") is pleased to announce the CEO and President positions will transition from Alexander Kinzler to Craig Hopkins effective April 1, 2024. Mr. Kinzler has served as CEO of Barnwell since December 2016, having previously served in various senior leadership positions at the Company since December 1997, and having worked at the Company since 1984. Mr. Hopkins joined Barnwell affiliate Octavian Oil Ltd.
HONOLULU, March 10, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported that Mr. Francis J. Kelly has been appointed to the Board of Directors, effective March 10, 2022. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "We are pleased to announce that on March 10, 2022, the board of directors of Barnwell Industries, Inc. appointed Mr. Francis J. Kelly to serve as a director on the board, effective immediately. The board has determined that Mr. Kelly is independent for the purposes of Section 803A of the NYSE American Company Guide. "Mr. Kelly's background in investment banking and the investment community gives him significant insight int
HONOLULU, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell”, the “Company”) announced today that it has received notice of director nominations for election at the 2021 annual meeting of stockholders (the “2021 Annual Meeting”) from Ned L. Sherwood, Bradley M. Tirpak and MRMP-Managers LLC, who also jointly nominated directors for election at Barnwell’s 2020 annual meeting of stockholders. Mr. Alexander C. Kinzler, Chief Executive Officer and President, commented, “In response to the receipt of notice, the Barnwell Board has created a special committee comprised of Peter J. O’Malley, chairman, Kenneth S. Grossman and Robert J. Inglima, Jr., each o
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Divestiture of Hawaii Contract Drilling Operations to StreamlineOperations and Reduce Corporate Overhead Oil and Gas Drilling Program Planned HONOLULU, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") today announced its financial results for the fourth quarter and year ended September 30, 2023. The Company reported consolidated revenue of $6.8 million and a net loss of $96,000 which equates to a loss of $0.01 per share for the fourth quarter, and $25.3 million in full year consolidated revenue, with a net loss of $961,000 for the full year, or a loss of $0.10 per share. Alexander Kinzler, Chief Execut
Production of all Products Increased over the Prior Year's Third Quarter Company Declares Cash Dividend HONOLULU, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 2023, respectively, as compared to net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids whic
HONOLULU, May 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively, as compared to net earnings of $2,052,000, $0.21 per share, and $3,125,000, $0.33 per share, for the three and six months ended March 31, 2022, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids which decreased 26%, 34%, and 43%, respectively, together with a decline in land investment results where our
HONOLULU, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today announced its Board of Directors has declared a cash dividend of $0.015 per share of common stock. The dividend will be paid on January 11, 2023 to the holders of record as of the close of business on December 27, 2022. 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
HONOLULU, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") announced today that its Board of Directors (the "Board") has adopted a Tax Benefits Preservation Plan (the "Tax Plan") designed to protect the availability of the Company's existing net operating loss carryforwards and certain other tax attributes (collectively, the "Tax Benefits"). The Company has generated substantial Tax Benefits, which could potentially be used in certain circumstances to reduce its future income tax obligations. Utilization of these NOLs and other Tax Benefits depends on many factors, including the Company's future taxable income. Additionally, the Company'
HONOLULU, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022, respectively, as compared to net earnings of $4,978,000, $0.59 per share, and $4,706,000, $0.57 per share, for the three and nine months ended June 30, 2021, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "We are pleased to report that our oil and natural gas revenues have more than doubled in both the three months and nine months ended June 30, 2022, as compared to the prior year periods. This is due to higher prices for all p
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Twining Drilling Program is Underway While Optimization InvestmentsMaintain Production and Reduce Operating Costs HONOLULU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported financial results for its third fiscal quarter ended June 30, 2024. For the quarter, the Company had revenue of $5,527,000 and a net loss of $1,246,000 or $0.12 per share. In the three months ended June 30, 2023, the Company reported quarterly revenue of $5,675,000 and a net loss of $717,000 or $0.07 per share. The Company remains debt free and ended the quarter with $3,292,000 in working capital, including $4,393,000 in cash and cash equivalents. Continuing Optimization Program is
Production Increases for All Products Continued Reduction in General and Administrative Expenses HONOLULU, May 14, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported financial results for its second fiscal quarter ended March 31, 2024. For the quarter, the Company had revenue of $5,774,000 and a net loss of $1,772,000, $0.18 per share. In the three months ended March 31, 2023, the Company reported quarterly revenue of $5,239,000 and a net loss of $1,237,000, $0.12 per share. Mr. Craig D. Hopkins, Chief Executive Officer of Barnwell, commented "On April 1, 2024, I started in my new role as President and CEO of the Company. I am excited about Barnwell's prospects
CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada President and COO Craig Hopkins Transition Aligned with Company's New Focused Business Strategy HONOLULU, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") is pleased to announce the CEO and President positions will transition from Alexander Kinzler to Craig Hopkins effective April 1, 2024. Mr. Kinzler has served as CEO of Barnwell since December 2016, having previously served in various senior leadership positions at the Company since December 1997, and having worked at the Company since 1984. Mr. Hopkins joined Barnwell affiliate Octavian Oil Ltd.
Meaningful Production Increases Across all ProductsContinued Reduction in General and Administrative Expenses HONOLULU, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported financial results for the first quarter ended December 31, 2023. The Company posted quarterly revenue of $6,155,000 and a net loss of $664,000, or $0.07 per share. In the three months ended December 31, 2022, the Company had quarterly revenue of $7,511,000 and net earnings of $1,089,000, or $0.11 per share. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was the result of a decline in prices of all products; oil, natural gas, and natu
WEST MELBOURNE, FL / ACCESSWIRE / December 20, 2023 / BK Technologies Corporation (NYSE:BKTI) (the "Company," "BK Technologies") today announced that the Board of Directors has elected Joshua S. Horowitz as Chairman. Mr. Horowitz was elected to the Board of Directors by the Company's stockholders at the 2023 Annual Meeting of Stockholders on December 14, 2023. Mr. Horowitz succeeds previous Chairman, Kyle D. Cerminara, who has stepped away from the BK Technologies Board to focus on other endeavors.Prior to his election to the Board of Directors, Mr. Horowitz served as an adviser to the BK Technologies Board since November 2021.Mr. Horowitz is a professional investor with over 22 years of inv
Divestiture of Hawaii Contract Drilling Operations to StreamlineOperations and Reduce Corporate Overhead Oil and Gas Drilling Program Planned HONOLULU, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") today announced its financial results for the fourth quarter and year ended September 30, 2023. The Company reported consolidated revenue of $6.8 million and a net loss of $96,000 which equates to a loss of $0.01 per share for the fourth quarter, and $25.3 million in full year consolidated revenue, with a net loss of $961,000 for the full year, or a loss of $0.10 per share. Alexander Kinzler, Chief Execut
HONOLULU, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") today announced the entry into an agreement for the sale of Water Resources International, Inc. ("Water Resources"). Water Resources provides deep drilling and well pumping services needed in the exploration and development of groundwater resources for government, commercial and private clients in Hawaii. The sale to a local construction company is for gross proceeds of $2,000,000, subject to customary post-closing price adjustments and the purchaser's completion of due diligence. Proceeds from the sale, which is expected to close in early 2024, will be used for general corporate
Production of all Products Increased over the Prior Year's Third Quarter Company Declares Cash Dividend HONOLULU, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net losses of $717,000, $0.07 per share, and $865,000, $0.09 per share, for the three and nine months ended June 30, 2023, respectively, as compared to net earnings of $2,531,000, $0.25 per share, and $5,656,000, $0.59 per share, for the three and nine months ended June 30, 2022, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids whic
HONOLULU, May 15, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net losses of $1,237,000, $0.12 per share, and $148,000, $0.01 per share, for the three and six months ended March 31, 2023, respectively, as compared to net earnings of $2,052,000, $0.21 per share, and $3,125,000, $0.33 per share, for the three and six months ended March 31, 2022, respectively. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "Our loss for the quarter was a result of a decline in prices of all products; oil, natural gas, and natural gas liquids which decreased 26%, 34%, and 43%, respectively, together with a decline in land investment results where our
HONOLULU, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) today reported net earnings of $1,089,000, $0.11 per share, for the three months ended December 31, 2022, as compared to net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, "We are pleased to report that our first quarter oil and gas segment revenues increased by over $1,300,000 (33%) as prices increased for all products with oil, natural gas, and natural gas liquids increasing 6%, 4%, and 42%, respectively. Net oil production increased to 48,000 Bbls (barrels) from 39,000 Bbls (23%) and net natura