Barnwell Industries Share Price Today

Barnwell Industries to sell Canadian oil and gas unit for C$9M

Barnwell Industries Inc agreed to sell its Canadian oil and natural gas business for C$9 million total consideration. The consideration comprises C$4 million in cash and a 5% gross overriding royalty valued at C$5 million. The buyer has paid a C$1 million deposit into escrow, to be credited toward the purchase price at closing. An affiliate of the buyer holds the right to purchase the royalty at any time after closing for C$5 million, though exercise is not assured. The deal follows the completed sale of Barnwell's remaining Hawaii development interests and a decision to terminate its defined benefit pension plan.

Barnwell Industries terminates pension plan, targets surplus reversion

Barnwell Industries has decided to terminate its qualified defined benefit pension plan and satisfy all benefit obligations. Plan assets stood at approximately $12.8 million as of September 30, 2026, against an estimated termination liability of approximately $7.3 million. A supplemental executive retirement plan obligation of approximately $1.8 million also exists, with the estimated surplus at approximately $3.7 million before costs and taxes. The company anticipates a surplus reversion in December 2026, subject to annuity pricing, interest rates, and final participant benefits. Barnwell has retained an actuarial and pension consulting firm and ERISA legal counsel to advise on the termination process.

Barnwell Industries completes Hawaii asset sale for $1.7 million

Barnwell Industries sold remaining Hawaii development interests for a gross price of $1.77 million. Total cash receipts reached approximately $1.7 million, including $0.14 million in pre-closing distributions. Transaction marks complete exit from Hawaii assets and eliminates future capital commitments in the region. Company plans to deploy cash toward strategic investments and potential business combinations.

Barnwell Industries clarifies Hawaii transaction distribution amount

Barnwell Industries corrected an error in its August 11 earnings release regarding the Hawaii transaction. The pre-closing distribution is approximately $0.1 million, not $770,000 as initially stated in the earnings report. The gross purchase price of $1.77 million and net proceeds of $1.5 million remain unchanged, with no impact on the Q2 FY26 10-Q filing.

Barnwell completes WRI sale monetization amid strategic review

Barnwell Industries, Inc. has completed the monetization of Water Resources International, Inc. (WRI) after receiving full repayment of seller financing and accrued interest. The company previously sold WRI for $1,050,000 and recently received a $290,000 cash distribution from its Hawaii resort development interests. Barnwell continues to evaluate strategic alternatives for its Canadian oil and gas assets, including a potential sale, to realize fair value amid higher commodity prices.