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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues $ 5,675 $ 8,028 $ 18,425 $ 20,161
Costs and expenses:        
General and administrative 1,328 1,713 5,627 5,784
Depletion, depreciation, and amortization 1,257 814 2,858 1,915
Interest expense 1 1 1 1
Foreign currency gain (121) 0 (201) 0
Gain on sale of assets 0 0 (551) 0
Total costs and expenses 6,553 5,797 19,791 16,909
(Loss) earnings before equity in income of affiliates and income taxes (878) 2,231 (1,366) 3,252
Equity in income of affiliates 0 433 538 3,400
(Loss) earnings before income taxes (878) 2,664 (828) 6,652
Income tax (benefit) provision (163) 75 (87) 325
Net (loss) earnings (715) 2,589 (741) 6,327
Less: Net earnings attributable to non-controlling interests 2 58 124 671
Net (loss) earnings attributable to Barnwell Industries, Inc. $ (717) $ 2,531 $ (865) $ 5,656
Basic net (loss) earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.07) $ 0.25 $ (0.09) $ 0.59
Diluted net (loss) earnings per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.07) $ 0.25 $ (0.09) $ 0.59
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,975,044 9,956,687 9,962,806 9,657,532
Diluted (in shares) 9,975,044 9,956,687 9,962,806 9,657,532
Oil and natural gas        
Revenues:        
Revenues $ 4,503 $ 7,292 $ 13,415 $ 16,345
Costs and expenses:        
Costs and expenses 3,006 2,397 7,717 6,439
Depletion, depreciation, and amortization 1,210 772 2,724 1,785
Contract drilling        
Revenues:        
Revenues 1,134 736 4,583 2,430
Costs and expenses:        
Costs and expenses 1,082 872 4,340 2,770
Depletion, depreciation, and amortization 47 41 133 129
Land investment        
Revenues:        
Revenues 0 0 265 1,295
Gas processing and other        
Revenues:        
Revenues 38 0 162 91
Costs and expenses:        
Depletion, depreciation, and amortization $ 0 $ 1 $ 1 $ 1