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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues:        
Revenues $ 5,774 $ 5,239 $ 11,929 $ 12,750
Costs and expenses:        
General and administrative 1,381 2,050 2,785 4,299
Depletion, depreciation, and amortization 1,392 761 2,903 1,601
Impairment of assets 1,677 0 1,677 0
Foreign currency loss (gain) 128 (2) 2 (80)
Interest expense 0 0 2 0
Gain on sale of assets 0 0 0 (551)
Total costs and expenses 8,295 6,477 15,046 13,238
Loss before equity in income of affiliates and income taxes (2,521) (1,238) (3,117) (488)
Equity in income of affiliates 1,071 0 1,071 538
(Loss) earnings before income taxes (1,450) (1,238) (2,046) 50
Income tax provision (benefit) 100 (3) 166 76
Net loss (1,550) (1,235) (2,212) (26)
Less: Net earnings attributable to non-controlling interests 222 2 224 122
Net loss attributable to Barnwell Industries, Inc. $ (1,772) $ (1,237) $ (2,436) $ (148)
Basic net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.18) $ (0.12) $ (0.24) $ (0.01)
Diluted net loss per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ (0.18) $ (0.12) $ (0.24) $ (0.01)
Weighted-average number of common shares outstanding:        
Basic (in shares) 10,019,172 9,956,687 10,007,905 9,956,687
Diluted (in shares) 10,019,172 9,956,687 10,007,905 9,956,687
Oil and natural gas        
Revenues:        
Revenues $ 4,144 $ 3,686 $ 9,274 $ 8,912
Costs and expenses:        
Costs and expenses 2,330 2,267 5,121 4,711
Depletion, depreciation, and amortization 1,342 718 2,800 1,514
Impairment of assets 1,677 0 1,677 0
Contract drilling        
Revenues:        
Revenues 1,070 1,501 2,063 3,449
Costs and expenses:        
Costs and expenses 1,387 1,401 2,556 3,258
Depletion, depreciation, and amortization 50 43 102 86
Sale of interest in leasehold land        
Revenues:        
Revenues 500 0 500 265
Gas processing and other        
Revenues:        
Revenues 60 52 92 124
Costs and expenses:        
Depletion, depreciation, and amortization $ 0 $ 0 $ 1 $ 1