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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Revenues:        
Revenues $ 5,239 $ 6,679 $ 12,750 $ 12,133
Costs and expenses:        
General and administrative 2,050 2,241 4,299 4,071
Depletion, depreciation, and amortization 761 618 1,601 1,101
Foreign currency gain (2) 0 (80) 0
Gain on sale of assets 0 0 (551) 0
Total costs and expenses 6,477 5,903 13,238 11,112
(Loss) earnings before equity in income of affiliates and income taxes (1,238) 776 (488) 1,021
Equity in income of affiliates 0 1,760 538 2,967
(Loss) earnings before income taxes (1,238) 2,536 50 3,988
Income tax (benefit) provision (3) 138 76 250
Net (loss) earnings (1,235) 2,398 (26) 3,738
Less: Net earnings attributable to non-controlling interests 2 346 122 613
Net (loss) earnings attributable to Barnwell Industries, Inc. $ (1,237) $ 2,052 $ (148) $ 3,125
Basic net (loss) earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.12) $ 0.21 $ (0.01) $ 0.33
Diluted net (loss) earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.12) $ 0.21 $ (0.01) $ 0.33
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,956,687 9,570,989 9,956,687 9,507,955
Diluted (in shares) 9,956,687 9,570,989 9,956,687 9,507,955
Oil and natural gas        
Revenues:        
Revenues $ 3,686 $ 5,133 $ 8,912 $ 9,053
Costs and expenses:        
Costs and expenses 2,267 2,126 4,711 4,042
Depletion, depreciation, and amortization 718 577 1,514 1,013
Contract drilling        
Revenues:        
Revenues 1,501 818 3,449 1,694
Costs and expenses:        
Costs and expenses 1,401 918 3,258 1,898
Depletion, depreciation, and amortization 43 41 86 88
Land investment        
Revenues:        
Revenues 0 695 265 1,295
Gas processing and other        
Revenues:        
Revenues 52 33 124 91
Costs and expenses:        
Depletion, depreciation, and amortization $ 0 $ 0 $ 1 $ 0