Barnwell Industries, Inc. Reports Fourth Quarter and Year End Results
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
