Barnwell Industries Files 8-K on Financial Condition
Ticker: BRN · Form: 8-K · Filed: Feb 12, 2024 · CIK: 10048
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**Barnwell Industries just dropped an 8-K on its financials, time to check their numbers!**
AI Summary
Barnwell Industries, Inc. filed an 8-K on February 12, 2024, to report on its results of operations and financial condition. This filing, under SEC File Number 001-05103, indicates that the company is providing an update on its financial performance, which is crucial for investors to understand its current health and future prospects. For shareholders or potential buyers, this matters because it offers transparency into the company's financial stability and operational efficiency, directly impacting stock valuation and investment decisions.
Why It Matters
This filing provides an essential update on Barnwell Industries' financial health, allowing investors to assess its performance and make informed decisions about their holdings.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial condition and does not inherently introduce new risks, but rather provides information to assess existing ones.
Analyst Insight
Investors should review the full financial statements and results of operations once they are publicly available to understand the company's current performance and future outlook.
Key Numbers
- 001-05103 — SEC File Number (Identifies the company's registration with the SEC.)
- 2024-02-12 — Date of Report (Indicates when the earliest event reported in the filing occurred.)
- 1311 — Standard Industrial Classification (SIC) (Classifies Barnwell Industries as 'CRUDE PETROLEUM & NATURAL GAS'.)
Key Players & Entities
- BARNWELL INDUSTRIES, INC. (company) — Registrant filing the 8-K
- Delaware (company) — State of incorporation for Barnwell Industries, Inc.
- 1-5103 (dollar_amount) — Commission File Number for Barnwell Industries, Inc.
- 72-0496921 (dollar_amount) — IRS Employer Identification No. for Barnwell Industries, Inc.
- 1100 Alakea Street, Suite 500 Honolulu, Hawaii 96813 (company) — Address of Principal Executive Offices for Barnwell Industries, Inc.
- 808-531-8400 (dollar_amount) — Registrant's Telephone Number
- BRN (company) — Trading Symbol for Barnwell Industries, Inc. Common Stock
- NYSE (company) — Exchange on which Barnwell Industries, Inc. Common Stock is registered
Forward-Looking Statements
- Barnwell Industries will provide detailed financial statements in an upcoming filing. (BARNWELL INDUSTRIES, INC.) — high confidence, target: 2024-05-15
FAQ
What is the primary purpose of this 8-K filing by Barnwell Industries, Inc.?
The primary purpose of this 8-K filing, dated February 12, 2024, is to report on the 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' of Barnwell Industries, Inc., as indicated by the 'ITEM INFORMATION' sections.
What is the trading symbol and the exchange where Barnwell Industries, Inc. common stock is registered?
Barnwell Industries, Inc.'s Common Stock, with a $0.50 Par Value, trades under the symbol 'BRN' and is registered on the NYSE, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is Barnwell Industries, Inc.'s state of incorporation and its business address?
Barnwell Industries, Inc. is incorporated in Delaware, and its principal executive offices are located at 1100 Alakea Street, Suite 500, Honolulu, Hawaii 96813.
What is the Standard Industrial Classification (SIC) for Barnwell Industries, Inc.?
According to the 'COMPANY DATA' section, Barnwell Industries, Inc.'s Standard Industrial Classification is 'CRUDE PETROLEUM & NATURAL GAS [1311]'.
Has Barnwell Industries, Inc. changed its name previously, and if so, what were the former names?
Yes, Barnwell Industries, Inc. has changed its name previously. Its former names were 'BMA CORP/TN' with a name change date of 19770324, and 'BARNWELL OFFSHORE INC' with a name change date of 19671101, as listed under 'FORMER COMPANY' in the filing.
Filing Stats: 450 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-02-12 16:39:41
Key Financial Figures
- $0.50 — ange on which registered Common Stock, $0.50 Par Value BRN NYSE Indicate by ch
Filing Documents
- ef20021342_8k.htm (8-K) — 29KB
- ef20021342_ex99-1.htm (EX-99.1) — 35KB
- image0.jpg (GRAPHIC) — 49KB
- 0001140361-24-007029.txt ( ) — 271KB
- brn-20240212.xsd (EX-101.SCH) — 4KB
- brn-20240212_lab.xml (EX-101.LAB) — 22KB
- brn-20240212_pre.xml (EX-101.PRE) — 16KB
- ef20021342_8k_htm.xml (XML) — 4KB
02
Item 2.02 Results of Operations and Financial Condition On February 12, 2024, Barnwell Industries, Inc. issued a press release announcing its financial results for its fiscal quarter ended December 31, 2023. A copy of such press release is furnished as Exhibit 99.1 to this Current Report.
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release dated February 12, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 12, 2024 BARNWELL INDUSTRIES, INC. By: /s/Alexander C. Kinzler Name: Alexander C. Kinzler Title: Chief Executive Officer and President Exhibit Index Exhibit No. Description 99.1 Press Release dated February 12, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)