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

29 Jun 20
5 Jul 20
30 Sep 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 4.58M 4.85M 3.11M 3.41M
Net income -1.52M -419K -4.3M -1.4M
Diluted EPS -0.18 -0.05 -0.52 -0.16
Net profit margin -33.13% -8.64% -138% -41.01%
Operating income 529K 1.11M -3.41M 105K
Net change in cash 987K -2.21M -422K -1.39M
Cash on hand 3.39M 2.4M 4.61M 5.04M
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue 12.08M 9.37M 13.03M 13.63M
Net income -12.42M -1.42M 2.31M -2.86M
Diluted EPS -1.5 -0.21 0.14 -0.44
Net profit margin -103% -15.14% 17.76% -21.02%
Operating income -6.91M 3.87M 5.85M 542K
Net change in cash -1.35M -10.32M 731K 7.08M
Cash on hand 4.61M 5.97M 16.28M 15.55M
Cost of revenue 3.65M 3.23M

Financial data from company earnings reports

3.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 10 11 -9.1%
Opened positions 1 1
Closed positions 2 4 -50.0%
Increased positions 2 1 +100.0%
Reduced positions 0 2 EXIT
13F shares
Current Prev Q Change
Total value 195K 324K -39.8%
Total shares 319.97K 313.53K +2.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 162.14K $100K +4.0%
BLK BlackRock 82.07K $50K 0.0%
Vanguard 44.2K $27K 0.0%
NTRS Northern Trust 15.2K $9K 0.0%
Geode Capital Management 14.15K $8K 0.0%
Earnest Partners 1K $1K 0.0%
Victory Capital Management 685 $0 +19.8%
MS Morgan Stanley 500 $0 0.0%
WFC Wells Fargo & Co. 22 $0 NEW
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 162.14K +6.3K +4.0%
Victory Capital Management 685 +113 +19.8%
WFC Wells Fargo & Co. 22 +22 NEW
BAC Bank of America 0 -3 EXIT
RY Royal Bank of Canada 0 -1 EXIT
Proequities 0 0
MS Morgan Stanley 500 0 0.0%
Vanguard 44.2K 0 0.0%
NTRS Northern Trust 15.2K 0 0.0%
Earnest Partners 1K 0 0.0%

Financial report summary

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Risks
  • Our business operations and financial condition have been and may continue to be materially and adversely affected by the outbreak of a novel strain of coronavirus disease, referred to as COVID-19.
  • Our failure to maintain continued compliance with the listing requirements of the NYSE American exchange could result in the delisting of our common stock.
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, 2019,“Risk Factors” section of Barnwell's Quarterly Report on Form 10-Q for the period ended December 31, 2019,“Other Events” section of Barnwell's Current Report on Form 8-K dated May 14, 2020, and “Risk Factors” section of this Quarterly Report filed on Form 10-Q. 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 full-cost ceiling calculation and depletion of our oil and natural gas properties, the estimation of our contract drilling segment's revenues and expenses, and the calculation of our income taxes, all of which are discussed in our Annual Report on Form 10-K, as amended by our Form 10-K/A Amendment No.1 and Form 10-K/A Amendment No.2, for the fiscal year ended September 30, 2019. There have been no significant changes to these critical accounting policies and estimates during the three and six months ended March 31, 2020. We continue to monitor our accounting policies to ensure proper application of current rules and regulations.
Content analysis ?
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Constraining
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