Barnwell Industries Inc (A:BRN)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEC
Company Contact
Address: Suite 2900, 1100 Alakea St.
HONOLULU HI 96813
Tel: 1-646-4219523
Website: https://brninc.com
IR: See website
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Key People
Alexander C. Kinzler
President, Chief Executive Officer, Chief Operating Officer, General Counsel, Director
Russell M. Gifford
Chief Financial Officer, Executive Vice President, Treasurer, Company Secretary
 
Business Overview
Barnwell Industries, Inc. is engaged in three businesses: acquiring, developing, producing and selling oil and natural gas in Canada and Oklahoma; investing in land interests in Hawaii; and drilling wells and installing and repairing water pumping systems in Hawaii. The Company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. Oil and Natural Gas Segment is engaged in oil and natural gas development, production, acquisitions and sales in Canada and Oklahoma. It invests in oil and natural gas properties, which are located in Alberta, Canada and Oklahoma. Land Investment segment is entitled to receive contingent residual payments from the entities that previously purchased the Company's land investment interests under contracts entered into in prior years. Contract Drilling segment provides well drilling services and water pumping system installation and repairs in Hawaii.
Financial Overview
For the three months ended 31 December 2023, Barnwell Industries Inc revenues decreased 15% to $6.2M. Net loss totaled $664K vs. income of $1.1M. Revenues reflect Contract Drilling segment decrease of 49% to $993K, Land Investment segment decrease from $265K to $0K, United States segment decrease of 36% to $1.7M, Canada segment decrease of 8% to $4.4M. Net loss reflects Oil and Natural Gas segment income decrease of 56% to $881K.
Employees: 36 as of Dec 1, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $20.44M as of Dec 31, 2023
Annual revenue (TTM): $23.91M as of Dec 31, 2023
EBITDA (TTM): $2.04M as of Dec 31, 2023
Net annual income (TTM): -$2.71M as of Dec 31, 2023
Free cash flow (TTM): -$6.65M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 10,028,090 as of Feb 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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