SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 31, 2022

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 December 31,
	2022		2021
Revenues:
Oil and natural gas	$	5,226,000	$	3,920,000
Contract drilling	1,948,000		876,000
Land investment	265,000		600,000
Other	43,000		57,000
Total before interest income	7,482,000		5,453,000
Interest income	29,000		1,000
Total revenues	$	7,511,000	$	5,454,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	796,000	$	436,000
Contract drilling	43,000		47,000
Other	1,000		—
Total depletion, depreciation, and amortization	$	840,000	$	483,000



Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	1,986,000	$	1,568,000
Contract drilling	48,000		(151,000)
Land investment	265,000		600,000
Other	42,000		57,000
Gain on sale of assets	551,000		—
Total operating profit	2,892,000		2,074,000
Equity in income of affiliates:
Land investment	538,000		1,207,000
General and administrative expenses	(2,249,000)		(1,830,000)
Foreign currency gain	78,000		—

Interest income	29,000		1,000
Earnings before income taxes	$	1,288,000	$	1,452,000