Barnwell Industries (BRN)
Produces Alberta oil and gas while holding Hawaii luxury-land partnership interests.
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Produces crude oil, natural gas and natural-gas liquids from Alberta, centered on Twining, and earns episodic land-development payments and partnership distributions on Hawaii's Kona coast. Commodity sales form the operating business, while land economics depend on non-controlling interests, partners and transaction timing.
Operates an Alberta-focused oil and natural gas business centered on the Twining field, through a mix of company-operated wells and non-operated working interests. Crude oil, natural gas and natural-gas liquids are sold to several commodity marketers under short-term, market-indexed arrangements.
Maintains a second, episodic Land Investment Segment through partnership interests and payment rights associated with luxury-residential development on Hawaii's Kona coast. Economics come from contingent land-sale payments, distributions and equity-method results rather than recurring rent; Increment I is fully sold.
Runs corporate operations from Houston, with Calgary serving as the Canadian operating hub. Operating cash flow depends on commodity prices and costs, while non-operated assets depend on partners and an Alberta Energy Regulator license is required to acquire, transfer or drill licenses. The Canadian business remains under possible-sale review.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.5M · Total debt $53.0K · Total assets $21.5M · Shareholders' equity $8.9M
- Revenue
- $3.4M
- Operating income
- −$671.0K
- Net income
- −$440.0K
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 23, 2023 | Aug 24 | Sep 11 | $0.015 | |
| May 24, 2023 | May 25 | Jun 12 | $0.015 | |
| Feb 22, 2023 | Feb 23 | Mar 13 | $0.015 | |
| Dec 23, 2022 | Dec 27 | Jan 11 | $0.015 | |
| Aug 22, 2022 | Aug 23 | Sep 6 | $0.015 |
| Institutions20 holders · as of Mar 31, 2026 | 12.48% | 1.80M shares | |
| Insiders2 holders · as of Apr 14, 2026 | 30.25% | 4.37M shares | |
| Otherremainder | 57.27% | 8.27M shares |
14.43M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Ned L. SherwoodInsider | 18.61% | 2.69M | 13Dfiled Dec 4, 2025 ↗ |
Radoff Bradley LouisInsider | 11.64% | 1.68M | 13Dfiled Apr 14, 2026 ↗ |
JCP Investment Management, LLCInstitution | 2.84% | 409,224 | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 2.69% | 388,120 | 13Fas of Mar 31, 2026 |
Renaissance Technologies LLCInstitution | 2.24% | 323,713 | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Obsidian Energy
Larger Alberta oil-and-gas producer competing for assets and capital.
- Maui Land & Pineapple
Listed Hawaii land developer in resort residential real estate.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Barnwell Industries | $0.9819 | −0.32% | $13.9M | — | — | 1.2 | +5.9% |
| Obsidian Energy | $12.08 | +0.08% | $806.7M | 59.7 | 10.1 | 2.9 | +23.7% |
| Maui Land & Pineapple | $16.38 | −1.15% | $325.4M | — | — | 20.1 | −19.6% |
| Median | 59.7 | 10.1 | 11.5 | +2.0% |