Barnwell Industries, Inc. (BRN) Stock

Barnwell Industries, Inc. (BRN) is a Energy stock trading at $0.99 (as of 2026-08-21), with a market capitalization of $14.22M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Barnwell Industries, Inc. is engaged in the acquisition, development, production, and sale of oil and natural gas in Canada, and it operates through the Oil and Natural Gas, Land Investment, and Contract Drilling segments. It also drills and pumps water via owned rigs and distributes Trillium flow technologies, serving customers across these energy and water-related activities.

Understand Barnwell Industries, Inc.: how it makes money

Barnwell Industries produces and sells oil and natural gas in Canada, it also invests in land interests, and it generates drilling and water well services using owned rigs and related equipment.

Earnings are structurally driven by maintaining production volumes (crude, natural gas, and natural gas liquids measured by average BOE per day) while executing drilling and water well activities using owned rigs and equipment.

Business quality (Weak): Positive, the company discloses operational production metrics and production decline rates by product type. Limited, the provided data does not include segment revenue or enough detail to fully assess the mix and sustainability of earnings.

Bull case

  • Production-based revenue potential: The company reports crude oil, natural gas liquids, and natural gas production, and it summarizes output with an average production measure in barrels of oil equivalent per day.
  • Integrated operations via owned drilling and pumping assets: Barnwell owns and operates water well drilling rigs, pump rigs, and other ancillary drilling and pump equipment, supporting drilling and pumping activities alongside oil and gas operations.
  • Multiple business lines: Its official operating structure includes Oil and Natural Gas, Land Investment, and Contract Drilling, which can diversify how value is generated.

Bear case

  • Production is declining: The company reports an oil production decrease of 14% and natural gas production decrease of 24%, plus a natural gas liquids production decrease of 13%, which can pressure total output.
  • Operating profitability appears tight: The latest period provided shows operating margin of 3.7%, suggesting earnings may be sensitive to changes in production levels and costs.
Valuation — source: SEC EDGAR (first-party)
Price$0.99
Market Cap$14.22M
EV / EBITDA3.3
Price / Book1.59
Price / Sales1.28
DCF Value (model)$0.23
DCF Upside vs Price-76.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$13.70M
Net Margin-51.9%
Revenue Growth (YoY)5.9%
EPS Growth (YoY)-80.0%
Financial Health — source: SEC EDGAR
Altman Z-Score0.79 (distress)
Valuation vs Sector & Industry
Sector P/E (Energy)16.5
Industry P/E (Petroleum & Natural Gas)16.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderJCP Investment Management, LLC ($441962.00)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOCraig D. Hopkins
Employees27
CountryUS
IPO Date1984-09-07

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BRN earnings history · BRN institutional & insider holders · BRN KPIs & operating metrics · BRN financials · BRN investor presentations & press releases · BRN SEC filings · BRN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.