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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 5,114 $ 3,984 $ 13,499 $ 13,416
Costs and expenses:        
General and administrative 2,227 1,248 5,340 4,775
Depletion, depreciation, and amortization 235 478 738 1,870
Impairment of assets 0 2,689 630 4,326
Interest expense 2 1 6 1
Gain on debt extinguishment (149) 0 (149) 0
Gain on termination of post-retirement medical plan (2,341) 0 (2,341) 0
Gain on sale of asset 0 0 0 (1,336)
Total costs and expenses 2,717 7,364 12,734 18,667
Earnings (loss) before equity in income (loss) of affiliates and income taxes 2,397 (3,380) 765 (5,251)
Equity in income (loss) of affiliates 3,348 (111) 5,026 (179)
Earnings (loss) before income taxes 5,745 (3,491) 5,791 (5,430)
Income tax provision (benefit) 191 (24) 288 (26)
Net earnings (loss) 5,554 (3,467) 5,503 (5,404)
Less: Net earnings (loss) attributable to non-controlling interests 576 (11) 797 (20)
Net earnings (loss) attributable to Barnwell Industries, Inc. $ 4,978 $ (3,456) $ 4,706 $ (5,384)
Basic and diluted net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders $ 0.59 $ (0.42) $ 0.57 $ (0.65)
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 8,398,001 8,277,160 8,317,440 8,277,160
Oil and natural gas        
Revenues:        
Revenues $ 2,887 $ 830 $ 7,326 $ 4,881
Costs and expenses:        
Costs and expenses 1,717 981 4,911 3,479
Depletion, depreciation, and amortization 155 372 496 1,562
Impairment of assets 0 2,689 630 4,326
Contract drilling        
Revenues:        
Revenues 889 3,040 4,220 8,279
Costs and expenses:        
Costs and expenses 1,026 1,967 3,599 5,552
Depletion, depreciation, and amortization 76 96 229 272
Land investment        
Revenues:        
Revenues 1,253 0 1,738 0
Gas processing and other        
Revenues:        
Revenues 85 114 215 256
Costs and expenses:        
Depletion, depreciation, and amortization $ 4 $ 10 $ 13 $ 36