SEGMENT INFORMATION (Tables)

6 Months Ended

Mar. 31, 2024

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 March 31,				Six months ended March 31,
	2024		2023		2024		2023
Revenues:
Oil and natural gas	$	4,144,000	$	3,686,000	$	9,274,000	$	8,912,000
Contract drilling	1,070,000		1,501,000		2,063,000		3,449,000
Land investment	500,000		—		500,000		265,000
Other	42,000		29,000		59,000		72,000
Total before interest income	5,756,000		5,216,000		11,896,000		12,698,000
Interest income	18,000		23,000		33,000		52,000
Total revenues	$	5,774,000	$	5,239,000	$	11,929,000	$	12,750,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	1,342,000	$	718,000	$	2,800,000	$	1,514,000
Contract drilling	50,000		43,000		102,000		86,000
Other	—		—		1,000		1,000
Total depletion, depreciation, and amortization	$	1,392,000	$	761,000	$	2,903,000	$	1,601,000
Impairment:
Oil and natural gas	$	1,677,000	$	—	$	1,677,000	$	—


Total impairment	$	1,677,000	$	—	$	1,677,000	$	—
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	(1,205,000)	$	701,000	$	(324,000)	$	2,687,000
Contract drilling	(367,000)		57,000		(595,000)		105,000
Land investment	500,000		—		500,000		265,000
Other	42,000		29,000		58,000		71,000
Gain on sale of assets	—		—		—		551,000
Total operating (loss) profit	(1,030,000)		787,000		(361,000)		3,679,000
Equity in income of affiliates:
Land investment	1,071,000		—		1,071,000		538,000
General and administrative expenses	(1,381,000)		(2,050,000)		(2,785,000)		(4,299,000)
Foreign currency (loss) gain	(128,000)		2,000		(2,000)		80,000
Interest expense	—		—		(2,000)		—
Interest income	18,000		23,000		33,000		52,000


(Loss) earnings before income taxes	$	(1,450,000)	$	(1,238,000)	$	(2,046,000)	$	50,000