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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Oil and natural gas $ 940 $ 768 $ 3,490 $ 2,237
Contract drilling 360 120 3,346 1,502
Sale of interest in leasehold land 0 1,775 1,678 2,255
Residential real estate 0 5,700 0 5,700
Gas processing and other 40 126 145 237
Total revenues 1,340 8,489 8,659 11,931
Costs and expenses:        
Oil and natural gas operating 620 757 2,266 2,510
Contract drilling operating 593 263 2,607 1,431
Residential real estate 0 5,510 0 5,510
General and administrative 1,344 1,709 5,119 5,145
Depletion, depreciation, and amortization 234 448 942 1,201
Impairment of oil and natural gas properties 0 1,154 0 1,154
Gain on sales of assets (527) (472) (527) (472)
Interest expense 1 19 7 85
Total costs and expenses 2,265 9,388 10,414 16,564
Loss before equity in (loss) income of affiliates and income taxes (925) (899) (1,755) (4,633)
Equity in (loss) income of affiliates (31) 2,200 2,125 2,616
(Loss) earnings before income taxes (956) 1,301 370 (2,017)
Income tax benefit (442) (72) (676) (529)
Net (loss) earnings (514) 1,373 1,046 (1,488)
Less: Net (loss) earnings attributable to non-controlling interests (2) 598 532 754
Net (loss) earnings attributable to Barnwell Industries, Inc. $ (512) $ 775 $ 514 $ (2,242)
Basic and diluted net (loss) earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.06) $ 0.09 $ 0.06 $ (0.27)
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 8,277,160 8,277,160 8,277,160 8,277,160