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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 8,028 $ 5,114 $ 20,161 $ 13,499
Costs and expenses:        
General and administrative 1,713 2,227 5,784 5,340
Depletion, depreciation, and amortization 814 235 1,915 738
Impairment of assets 0 0 0 630
Interest expense 1 2 1 6
Gain on debt extinguishment 0 (149) 0 (149)
Gain on termination of post-retirement medical plan 0 (2,341) 0 (2,341)
Total costs and expenses 5,797 2,717 16,909 12,734
Earnings before equity in income of affiliates and income taxes 2,231 2,397 3,252 765
Equity in income of affiliates 433 3,348 3,400 5,026
Earnings before income taxes 2,664 5,745 6,652 5,791
Income tax provision 75 191 325 288
Net earnings 2,589 5,554 6,327 5,503
Less: Net earnings attributable to non-controlling interests 58 576 671 797
Net earnings attributable to Barnwell Industries, Inc. $ 2,531 $ 4,978 $ 5,656 $ 4,706
Basic net earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ 0.25 $ 0.59 $ 0.59 $ 0.57
Diluted net earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ 0.25 $ 0.59 $ 0.59 $ 0.57
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,956,687 8,398,001 9,657,532 8,317,440
Diluted (in shares) 9,956,687 8,398,001 9,657,532 8,317,440
Oil and natural gas        
Revenues:        
Revenues $ 7,292 $ 2,887 $ 16,345 $ 7,326
Costs and expenses:        
Costs and expenses 2,397 1,717 6,439 4,911
Depletion, depreciation, and amortization 772 155 1,785 496
Impairment of assets 0 0 0 630
Contract drilling        
Revenues:        
Revenues 736 889 2,430 4,220
Costs and expenses:        
Costs and expenses 872 1,026 2,770 3,599
Depletion, depreciation, and amortization 41 76 129 229
Land investment        
Revenues:        
Revenues 0 1,253 1,295 1,738
Gas processing and other        
Revenues:        
Revenues 0 85 91 215
Costs and expenses:        
Depletion, depreciation, and amortization $ 1 $ 4 $ 1 $ 13