• Barnwell posted a net loss from continuing operations attributable to shareholders of $1.15 million for the quarter ended March 31, 2026, narrowing from a $1.54 million loss a year earlier.
• Oil and natural gas revenue fell 30% to $2.42 million, while segment operating profit before general and administrative expenses dropped to $87,000 from $752,000.
• General and administrative expenses decreased 30% to $1.52 million, driven by $755,000 lower professional service fees tied to last year’s shareholder consent solicitation and proxy contest.
• Equity in income from affiliates swung to $338,000 from no income, with $323,000 of cash distributions received.
• Liquidity improved as working capital totaled $2.15 million, while financing cash flow rose to $3.33 million on a private placement and the launch of an at-the-market equity offering program.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barnwell Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-037042), on May 21, 2026, and is solely responsible for the information contained therein.