BRN, US0682362092

Barnwell Industries stock gains after CAD 9 million sale

Published on 10/07/2026 at 06:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barnwell Industries stock was last at USD 0.96 on October 6, 2026, while fiscal Q3 revenue reached USD 3.379 million. The net loss narrowed to USD 0.440 million.

BRN, US0682362092, Illustration mit AI erstellt.

Barnwell Industries stock (ISIN US0682362092) was last at USD 0.96 on NYSE American on October 6, 2026, up 2.17 percent from USD 0.94. The move followed a definitive agreement to sell the company's Canadian oil and natural gas business for CAD 9 million.

Canadian sale reshapes the portfolio

As StockTitan reported on October 6, 2026, the consideration consists of CAD 4 million in cash and a 5 percent gross overriding royalty valued at CAD 5 million. Barnwell will retain participation in future drilling, while the buyer will assume future site restoration and abandonment obligations after closing.

The agreement also includes a CAD 1 million escrow deposit credited against the purchase price. Closing requires approval from holders of a majority of outstanding common shares, completion of a pre-closing reorganization and required governmental approvals, with January 18, 2027 set as the outside date.

Quarterly loss narrows

Barnwell's fiscal third quarter ended June 30, 2026 generated revenue of USD 3.379 million, compared with USD 2.535 million in the prior quarter. The company reported a net loss attributable to common shareholders of USD 0.440 million, or diluted EPS of USD 0.03 in the loss column, versus a USD 1.150 million loss and USD 0.09 loss per share in the prior quarter, according to StockTitan.

The comparison points to better quarterly revenue and a narrower loss, but the company remains small. Cash and cash equivalents stood at USD 4.467 million at June 30, 2026, while the same results summary described Barnwell as debt free.

Stock rises from prior close

BRN traded between USD 0.84 and USD 1.02 on October 6, 2026, against a 52-week range of USD 0.84 to USD 1.40. The CAD 9 million transaction therefore gives the market a concrete portfolio-restructuring measure, while shareholder approval and closing conditions remain important next steps.

Barnwell Industries stock was last at USD 0.96 on NYSE American on October 6, 2026 at 4:00 p.m. ET, with a market capitalization of USD 13.8 million.