Articles from Barnwell Industries

Canadian sale advances Company's transformation while preserving participation in future drilling through 5% gross overriding royalty

HOUSTON, TX / ACCESS Newswire / October 5, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) today announced that it has decided to terminate its qualified defined benefit pension plan and satisfy all benefit obligations. The termination is another step in simplifying Barnwell's balance sheet, reducing legacy liabilities and positioning its capital for future value creation. The net surplus available after the plan termination will bolster the Company's ability to pursue strategic transactions. The Company will satisfy all plan obligations, settle related supplemental executive retirement plan obligations, and pay administrative and transaction costs and applicable excise and other taxes from plan assets.

Transaction Completes Company's Exit From Hawaii and Further Simplifies Portfolio

HOUSTON, TX / ACCESS Newswire / August 12, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) today announced a clarification to its August 11, 2026 earnings release relating to its previously announced Hawaii transaction.

Sequential Quarter-on-Quarter Results Improve as Company Increases Production, Lowers Costs, and Strengthens Balance Sheet While Continuing to Evaluate Strategic Transformational Opportunities

Transaction Advances Portfolio Simplification, Strengthens Balance Sheet and Enhances Strategic Flexibility

Final repayment of WRI seller financing and recent Hawaii distributions underscore the value of Barnwell's Hawaii holdings and the Company's execution of strategic repositioning plan