BRN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-21

• •General and administrative expenses decreased $641,000 due to $755,000 less professional service fees due to the fees for legal services, proxy solicitation, proxy advisory and public relations costs related to a shareholder consent solicitation and proxy contest in the prior year period compared t…

• •A $338,000 increase in equity in income from affiliates and a $34,000 increase in net income attributable to non-controlling interest.

• •A $665,000 decrease in oil and natural gas segment operating results primarily attributable to a $1,060,000 decrease in oil and natural gas revenues, partially offset by a $200,000 decrease in oil and natural gas depletion, a $143,000 decrease in the oil and natural gas operating expenses, and decr…

• The decrease in oil and natural gas revenues, expenses and depletion was due in part to a decrease in net production resulting from the August 8, 2025 sale of U.S. oil and natural gas assets and the August 28, 2025 sale of Barnwell's interest in certain oil and natural gas properties in Canada. For …

• Also contributing to the decrease in oil and natural gas segment operating results was the impact of natural declines in production from wells in the Company's Twining area. The decline was 18% overall in the three months ended March 31, 2026 as compared to the same period in the prior year. This in…

Text removed vs the prior filing · source: 10-Q · 2026-02-23

• •General and administrative expenses increased $453,000 due to $257,000 higher personnel costs for new staff hired in Canada during the transition period in advance of closing of the Hawaii office on January 31, 2026, $101,000 higher non-cash cost shares issued to the new Chief Financial Officer and…

• •A $84,000 increase in oil and natural gas segment operating results primarily attributable to decreases of $613,000 in the ceiling test impairment, $425,000 in the expenses, and $313,000 in oil and natural gas depletion, partially offset by a $1,267,000 decrease in oil and natural gas revenues. The…

• •A $70,000 increase in land investment segment operating results as a result of partial proceeds received from the sale of the Increment II; and

• •A $398,000 increase in positive impacts due to a $47,000 foreign currency gain recorded in the current period as compared to a $351,000 loss recorded in the prior year period due to the effects of foreign currency exchange rate changes on intercompany loans and advances as a result of changes in th…

• In February 2025, the Company amended certain of its Canadian purchase and sales contracts to change the sales price on 1,055 gross Mcf per day of the Canadian natural gas it sold during the period from April 1, 2025 to October 31, 2025 to a fixed index price before differentials of $1.95 Canadian d…

Text added vs the prior filing · source: 10-Q · 2026-05-21

• We have established disclosure controls and procedures to ensure that information relating to Barnwell, including its consolidated subsidiaries, required to be disclosed is accumulated and communicated to Barnwell's management, including its principal executive and principal financial officers, or p…

• As of March 31, 2026, an evaluation was carried out by Barnwell’s Chief Executive Officer and Chief Financial Officer of the effectiveness of Barnwell’s disclosure controls and procedures. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that Barnwell’…

• During December 2025 and January 2026, Barnwell experienced certain previously disclosed personnel changes within its accounting function in Canada, including one accounting team member taking short-term disability leave and two additional accounting personnel resigning on short notice. These change…

• transition of accounting responsibilities to Canada, which temporarily disrupted certain normal accounting workflows.

Text removed vs the prior filing · source: 10-Q · 2026-02-23

• We have established disclosure controls and procedures to ensure that material information relating

• to Barnwell, including its consolidated subsidiaries, is made known to the officers who certify Barnwell’s financial reports and to other members of executive management and the Board of Directors.

• As of December 31, 2025, an evaluation was carried out by Barnwell’s Chief Executive Officer and Chief Financial Officer of the effectiveness of Barnwell’s disclosure controls and procedures. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that Barnwe…

• During December 2025 and January 2026, Barnwell experienced certain personnel changes within its accounting function in Canada, including one accounting team member taking short-term disability leave and two additional accounting personnel resigning on short notice. These changes occurred concurrent…