SEGMENT INFORMATION (Tables)

9 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of financial information related to reporting segments

The following table presents certain financial information related to Barnwell’s reporting segments. All revenues reported are from external customers with no intersegment sales or transfers.

	Three months ended June 30,				Nine months ended June 30,
	2022		2021		2022		2021
Revenues:
Oil and natural gas	$	7,292,000	$	2,887,000	$	16,345,000	$	7,326,000
Contract drilling	736,000		889,000		2,430,000		4,220,000
Land investment	—		1,253,000		1,295,000		1,738,000
Other	—		79,000		89,000		209,000
Total before interest income	8,028,000		5,108,000		20,159,000		13,493,000
Interest income	—		6,000		2,000		6,000
Total revenues	$	8,028,000	$	5,114,000	$	20,161,000	$	13,499,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	772,000	$	155,000	$	1,785,000	$	496,000
Contract drilling	41,000		76,000		129,000		229,000
Other	1,000		4,000		1,000		13,000
Total depletion, depreciation, and amortization	$	814,000	$	235,000	$	1,915,000	$	738,000
Impairment:
Oil and natural gas	$	—	$	—	$	—	$	630,000
Total impairment	$	—	$	—	$	—	$	630,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	4,123,000	$	1,015,000	$	8,121,000	$	1,289,000
Contract drilling	(177,000)		(213,000)		(469,000)		392,000
Land investment	—		1,253,000		1,295,000		1,738,000
Other	(1,000)		75,000		88,000		196,000
Total operating profit	3,945,000		2,130,000		9,035,000		3,615,000
Equity in income of affiliates:
Land investment	433,000		3,348,000		3,400,000		5,026,000
General and administrative expenses	(1,713,000)		(2,227,000)		(5,784,000)		(5,340,000)
Interest expense	(1,000)		(2,000)		(1,000)		(6,000)
Interest income	—		6,000		2,000		6,000
Gain on debt extinguishment	—		149,000		—		149,000
Gain on termination of post-retirement medical plan	—		2,341,000		—		2,341,000
Earnings before income taxes	$	2,664,000	$	5,745,000	$	6,652,000	$	5,791,000