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BRN Barnwell Industries

Barnwell Industries, Inc. engages in the oil and natural gas exploration, land investment, and contract drilling services. It operates through the following segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The Oil and Natural Gas segment engages in the exploration, development, production and sale of oil and natural gas in Canada. The Land Investment segment invests in land interest in Hawaii. The Contract Drilling segment provides well drilling services and water pumping system installation and repairs in Hawaii. The company was founded by Morton H. Kinzler in 1956 and is headquartered in Honolulu, HI.

Company profile

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

BRN stock data

(
)

Calendar

13 May 21
28 Jul 21
30 Sep 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.39M 4.39M 4.39M 4.39M 4.39M 4.39M
Cash burn (monthly) 315.67K (positive/no burn) 253.33K 170.17K 139.33K (positive/no burn)
Cash used (since last report) 1.23M n/a 990.81K 665.53K 544.94K n/a
Cash remaining 3.15M n/a 3.4M 3.72M 3.84M n/a
Runway (months of cash) 10.0 n/a 13.4 21.9 27.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Jul 21 Russell M Gifford Common Stock Buy Aquire P No No 2.19 13,800 30.22K 100,000
7 Jul 21 Kenneth S Grossman Common Stock Buy Aquire P No No 2.45 10,000 24.5K 25,000
7 Jul 21 Peter J. O'Malley Common Stock Buy Aquire P No No 2.4 1,000 2.4K 11,140
6 Jul 21 Peter J. O'Malley Common Stock Buy Aquire P No No 2.64 1,000 2.64K 10,140
18 Jun 21 Peter J. O'Malley Common Stock Buy Aquire P No No 2.76 694 1.92K 9,140
18 Jun 21 Peter J. O'Malley Common Stock Buy Aquire P No No 2.795 1,000 2.8K 8,446
17 Jun 21 Peter J. O'Malley Common Stock Buy Aquire P No No 2.9 1,000 2.9K 7,446

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

12.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 17 1 +1600.0%
Opened positions 16 1 +1500.0%
Closed positions 0 12 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 2.58M 302K +752.6%
Total shares 1.07M 238.04K +348.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 425.64K $1.09M NEW
Sherwood Ned L 238.04K $440K 0.0%
BLK Blackrock 82.07K $211K NEW
Bridgeway Capital Management 75K $193K NEW
Boothbay Fund Management 75K $193K NEW
Vanguard 62.08K $160K NEW
Citadel Advisors 34.7K $89K NEW
Acadian Asset Management 28.3K $73K NEW
TROW T. Rowe Price 18.2K $47K NEW
Geode Capital Management 14.15K $36K NEW
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 425.64K +425.64K NEW
BLK Blackrock 82.07K +82.07K NEW
Bridgeway Capital Management 75K +75K NEW
Boothbay Fund Management 75K +75K NEW
Vanguard 62.08K +62.08K NEW
Citadel Advisors 34.7K +34.7K NEW
Acadian Asset Management 28.3K +28.3K NEW
TROW T. Rowe Price 18.2K +18.2K NEW
Geode Capital Management 14.15K +14.15K NEW
NTRS Northern Trust 11.74K +11.74K NEW

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, 2020. 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, for the fiscal year ended September 30, 2020. There have been no significant changes to these critical accounting policies and estimates during the three and six months ended March 31, 2021. We continue to monitor our accounting policies to ensure proper application of current rules and regulations.
Content analysis
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Legalese
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Readability
H.S. senior Avg
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