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Barnwell Industries cuts costs, narrows Q2 net loss, and advances strategic review with debt-free balance sheet

Company Fundamentals
21 May 2026
Accesswire
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Bullish
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Barnwell Industries reported a sequential improvement in its second quarter ended March 31, 2026, with revenue of $2.54 million and a reduced net loss of $1.15 million compared to the previous quarter. The company lowered administrative expenses, improved oil and gas operations, and completed its headquarters move from Honolulu to Houston, resulting in a leaner cost structure. Barnwell remains debt-free with over $4 million in cash and is exploring strategic options including a potential sale of its Canadian oil and gas assets. Management aims to maximize shareholder value through disciplined capital allocation and potential mergers or acquisitions beyond the energy sector.

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