Company profile

Ticker
BRN
Exchange
Website
CEO
Alexander C. Kinzler
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
720496921

BRN stock data

(
)

Calendar

13 Aug 19
11 Dec 19
30 Sep 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 3.41M 2.96M 2.6M 2.37M
Net income -1.37M -2.13M -4.6M -1.06M
Diluted EPS -0.16 -0.26 -0.56 -0.12
Net profit margin -40.04% -71.72% -177% -44.66%
Operating income 105K -530K -3.07M 204K
Net change in cash -1.39M 329K 133K -7.57M
Cash on hand 5.04M 6.43M 6.1M 5.97M
Annual (USD) Sep 18 Sep 17 Sep 16 Sep 15
Revenue 9.37M 13.03M 13.63M 17.53M
Net income -1.77M 1.17M -3.62M 1.26M
Diluted EPS -0.21 0.14 -0.44 0.15
Net profit margin -18.89% 8.99% -26.53% 7.20%
Operating income 3.87M 5.85M 542K 10.21M
Net change in cash -10.32M 731K 7.08M -7.63M
Cash on hand 5.97M 16.28M 15.55M 8.47M
Cost of revenue 3.65M 3.23M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Form 10-Q, and the documents incorporated herein by reference, contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. All such statements we make are forward-looking statements made under the safe harbor of the PSLRA, except to the extent such statements relate to the operations of a partnership or limited liability company. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements” and “Risk Factors” sections of Barnwell’s Annual Report on Form 10-K for the year ended September 30, 2018. Investors should not place undue reliance on these forward-looking statements, as they speak only as of the date of filing of this Form 10-Q, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.
  • Management has determined that our most critical accounting policies and estimates are those related to the evaluation of recoverability of assets, depletion of our oil and natural gas properties, income taxes and asset retirement obligation which are discussed in our Annual Report on Form 10-K for the fiscal year ended September 30, 2018. There have been no significant changes to these critical accounting policies and estimates during the three and nine months ended June 30, 2019. We continue to monitor our accounting policies to ensure proper application of current rules and regulations.
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