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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Oil and natural gas $ 616,000 $ 940,000 $ 2,428,000 $ 3,490,000
Contract drilling 1,193,000 360,000 3,051,000 3,346,000
Sale of interest in leasehold land 1,310,000 0 1,310,000 1,678,000
Gas processing and other 49,000 40,000 210,000 145,000
Total revenues 3,168,000 1,340,000 6,999,000 8,659,000
Costs and expenses:        
Oil and natural gas operating 544,000 620,000 1,777,000 2,266,000
Contract drilling operating 1,074,000 593,000 2,778,000 2,607,000
General and administrative 1,591,000 1,345,000 4,635,000 5,126,000
Depletion, depreciation, and amortization 187,000 234,000 694,000 942,000
Impairment of assets 165,000 0 202,000 0
Gain on sales of assets 0 (527,000) (2,250,000) (527,000)
Total costs and expenses 3,561,000 2,265,000 7,836,000 10,414,000
Loss before equity in income (loss) of affiliates and income taxes (393,000) (925,000) (837,000) (1,755,000)
Equity in income (loss) of affiliates 136,000 (31,000) (97,000) 2,125,000
(Loss) earnings before income taxes (257,000) (956,000) (934,000) 370,000
Income tax benefit (163,000) (442,000) (469,000) (676,000)
Net (loss) earnings (94,000) (514,000) (465,000) 1,046,000
Less: Net earnings (loss) attributable to non-controlling interests 280,000 (2,000) 247,000 532,000
Net (loss) earnings attributable to Barnwell Industries, Inc. $ (374,000) $ (512,000) $ (712,000) $ 514,000
Basic and diluted net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.05) $ (0.06) $ (0.09) $ 0.06
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 8,277 8,277 8,277 8,277