Barnwell Industries (BRN) Declares $0.015 Quarterly Dividend; 2.4% Yield

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Go back to Barnwell Industries (BRN) Declares $0.015 Quarterly Dividend; 2.4% Yield

Barnwell Industries, Inc. Reports Earnings for its First Quarter Ended December 31, 2022 and the Declaration of a Cash Dividend

February 10, 2023 6:00 AM EST

HONOLULU, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $1,089,000, $0.11 per share, for the three months ended December 31, 2022, as compared to net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021.

Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, We are pleased to report that our first quarter oil and gas segment revenues increased by over $1,300,000 (33%) as prices increased for all products with oil, natural gas, and natural gas liquids increasing 6%, 4%, and 42%, respectively. Net oil production increased to 48,000 Bbls (barrels) from 39,000... More