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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Revenues:        
Revenues $ 6,679 $ 3,998 $ 12,133 $ 8,385
Costs and expenses:        
General and administrative 2,241 1,928 4,071 3,113
Depletion, depreciation, and amortization 618 227 1,101 503
Impairment of assets 0 0 0 630
Interest expense 0 3 0 4
Total costs and expenses 5,903 5,382 11,112 10,017
Earnings (loss) before equity in income of affiliates and income taxes 776 (1,384) 1,021 (1,632)
Equity in income of affiliates 1,760 624 2,967 1,678
Earnings (loss) before income taxes 2,536 (760) 3,988 46
Income tax provision 138 34 250 97
Net earnings (loss) 2,398 (794) 3,738 (51)
Less: Net earnings attributable to non-controlling interests 346 62 613 221
Net earnings (loss) attributable to Barnwell Industries, Inc. $ 2,052 $ (856) $ 3,125 $ (272)
Basic and diluted net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders $ 0.21 $ (0.10) $ 0.33 $ (0.03)
Weighted-average number of common shares outstanding:        
Basic and diluted (in shares) 9,570,989 8,277,160 9,507,955 8,277,160
Oil and natural gas        
Revenues:        
Revenues $ 5,133 $ 2,552 $ 9,053 $ 4,439
Costs and expenses:        
Costs and expenses 2,126 1,759 4,042 3,194
Depletion, depreciation, and amortization 577 146 1,013 341
Impairment of assets 0 0 0 630
Contract drilling        
Revenues:        
Revenues 818 1,389 1,694 3,331
Costs and expenses:        
Costs and expenses 918 1,465 1,898 2,573
Depletion, depreciation, and amortization 41 77 88 153
Land investment        
Revenues:        
Revenues 695 0 1,295 485
Gas processing and other        
Revenues:        
Revenues 33 57 91 130
Costs and expenses:        
Depletion, depreciation, and amortization $ 0 $ 4 $ 0 $ 9