Barnwell Q3 revenue rises, net loss narrows on higher production

Barnwell Industries

11/08/2026 12:15

Overview
U.S. oil and gas producer's Q3 revenue rose quarter-on-quarter, net loss narrowed
Company generated positive adjusted EBITDA, reflecting improved production, pricing and cost structure
Barnwell entered agreement to exit Hawaii real estate development business, transaction expected to close by fiscal year-end

Outlook
Company expects further benefits from lower-cost structure following headquarters transition
Barnwell continues to evaluate strategic alternatives for its Canadian oil and gas business, including a potential sale
Company is actively considering mergers, acquisitions and other strategic transactions across various industries

Result Drivers
INCREASED PRODUCTION AND PRICING - Co said higher oil and gas production and improved pricing boosted operating results
COST REDUCTION - Lower administrative expenses and streamlined operations contributed to improved results
OPERATIONAL EFFICIENCIES - Ongoing initiatives to streamline operations and reduce overhead supported quarter-on-quarter improvement

Company press release: ID:nACSl7S6fa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$3.38 mln
 
Q3 Loss Per Share
 
$0.03
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)