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1. Company Snapshot

1.a. Company Description

Barnwell Industries, Inc.acquires, develops, produces, and sells oil and natural gas in Canada.It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling.


The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii.It also owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of varying depths; installs and repairs water pumping systems; and distributes trillium flow technologies.Barnwell Industries, Inc.


was incorporated in 1956 and is headquartered in Honolulu, Hawaii.

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1.b. Last Insights on BRN

Barnwell Industries' recent performance was driven by a series of positive developments. The company's 2025 Annual Meeting of Shareholders was adjourned twice due to Ned Sherwood's refusal to submit votes solicited from shareholders, indicating a lack of support for his efforts to take control of the company. This outcome is a significant victory for Barnwell's management and board of directors, who have been working to defend the company against Sherwood's costly and distracting consent solicitation.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Barnwell Industries, Inc. Announces Closing of Previously Announced Private Placement Led by Bradley Radoff

Dec -03

Source: accessnewswire.com

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Barnwell Industries, Inc. Announces $2.4 Million Private Placement Led by Bradley Radoff

Nov -25

Source: accessnewswire.com

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Barnwell Industries (NYSE:BRN) Trading Down 4.4% – What’s Next?

Nov -22

Source: defenseworld.net

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Barnwell Appoints Philip F. Patman, Jr. as Executive Vice President of Finance; Announces Planned Transitions of Long-Serving Executives

Oct -28

Source: accessnewswire.com

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Barnwell Adds Capital Markets and Operating Expertise

Sep -23

Source: accessnewswire.com

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Barnwell Announces Reduction of Quorum for Further Adjourned 2025 Annual Meeting

Sep -11

Source: accessnewswire.com

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Barnwell Industries, Inc. Reports Results for Its Third Quarter Ended June 30, 2025 Together With the Receipt of $2,300,000 of Cash for U.S. Oil and Natural Gas Properties Sale

Aug -13

Source: accessnewswire.com

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Barnwell Files Revised Proxy Statement for 2025 Annual Meeting

Jul -28

Source: accessnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.12%)

6. Segments

Oil and Natural Gas

Expected Growth: 5.2%

Increasing demand for oil and natural gas, strategic acquisitions, and operational efficiency are expected to drive growth for Barnwell Industries, Inc. in the US market.

Contract Drilling

Expected Growth: 4.8%

Increasing global energy demand, advancements in drilling technologies, and rising exploration activities drive the growth of the contract drilling market. Barnwell Industries' customized drilling solutions and expertise in exploration and production support the segment's growth.

Land Investment

Expected Growth: 4.5%

Increasing global energy demand, rising oil prices, and strategic land acquisitions drive growth for Barnwell Industries. The company's diversified land portfolio and focus on oil and gas operations position it for long-term growth.

Other

Expected Growth: 4.5%

The 'Other' segment's growth is driven by increasing oil and gas royalties, rising interest income, and miscellaneous sources. As energy demand grows, royalties are expected to rise, while interest income will benefit from a strengthening economy.

Reconciling Items

Expected Growth: 4.5%

The growth of reconciling items from Barnwell Industries, Inc. is driven by increasing demand for accurate financial reporting, stringent regulatory requirements, and advancements in accounting technology, leading to a forecasted CAGR of 4.5%.

7. Detailed Products

Oil and Natural Gas

Barnwell Industries, Inc. is engaged in the exploration, development, and production of oil and natural gas in the United States.

Land Investments

The company invests in land and real estate, generating revenue through leasing and sales.

Water Resources

Barnwell Industries, Inc. owns and operates water rights and water storage facilities in Hawaii.

8. Barnwell Industries, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Barnwell Industries, Inc. is medium due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of buyers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers in the market, reducing their negotiating power.

Threat Of New Entrants

The threat of new entrants is medium due to the moderate barriers to entry in the industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the market, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 0.63%
Debt Cost 4.53%
Equity Weight 99.37%
Equity Cost 4.76%
WACC 4.76%
Leverage 0.63%

11. Quality Control: Barnwell Industries, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Quality: 6.5

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Barnwell Industries

A-Score: 3.9/10

Value: 8.6

Growth: 4.2

Quality: 3.0

Yield: 0.0

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Volatility: 2.0

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A-Score: 2.9/10

Value: 9.1

Growth: 2.1

Quality: 2.4

Yield: 0.0

Momentum: 1.5

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.12$

Current Price

1.12$

Potential

-0.00%

Expected Cash-Flows