SEGMENT INFORMATION

3 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Barnwell operates the following segments: 1) acquiring, developing, producing and selling oil and natural gas in Canada and the U.S. (oil and natural gas); 2) leasehold land interests in Hawaii (land investment); and 3) drilling wells and installing and repairing water pumping systems in Hawaii (contract drilling).

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,
	2024		2023
Revenues:
Oil and natural gas	$	3,897,000	$	5,130,000
Contract drilling	543,000		993,000
Other	11,000		17,000
Total before interest income	4,451,000		6,140,000
Interest income	26,000		15,000
Total revenues	$	4,477,000	$	6,155,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	904,000	$	1,458,000
Contract drilling	24,000		52,000
Other	—		1,000
Total depletion, depreciation, and amortization	$	928,000	$	1,511,000
Impairment:
Oil and natural gas	$	613,000	$	—
Total impairment	$	613,000	$	—
Operating (loss) profit (before general and administrative expenses):
Oil and natural gas	$	(116,000)	$	881,000
Contract drilling	(201,000)		(228,000)
Other	11,000		16,000
Total operating (loss) profit	(306,000)		669,000
General and administrative expenses	(1,281,000)		(1,404,000)
Foreign currency (loss) gain	(351,000)		126,000
Interest expense	—		(2,000)
Interest income	26,000		15,000
Loss before income taxes	$	(1,912,000)	$	(596,000)