Barnwell AI Stock Analysis
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Barnwell (BRN) AI Stock Analysis
Barnwell
(NYSE MKT:BRN)
The overall score of 44 reflects a company under severe operational and financial stress, as evidenced by collapsing revenues, negative margins, and significant cash burn. The stock's bearish technical trend and negative P/E ratio further weigh on the score. However, these risks are partially offset by a major strategic overhaul. The divestiture of core assets and the pension plan termination are set to provide a cash infusion and dramatically simplify the business, offering a potential path to a more stable future. The company's near-term survival hinges on the successful execution of these corporate events.
Barnwell Key Performance Indicators (KPIs)
Revenue by SegmentBreaks down sales across the company’s business units, revealing which parts drive profits and which are most exposed to operational issues or market downturns. Reveals concentration risk, differences in margins between segments, and where management is allocating capital for growth.
Barnwell appears to have structurally exited its Drilling & Pump business (revenues drop to zero from 2024), shifting revenue concentration back to oil and commodity-linked streams; those oil and NGL receipts surged in 2021–22 but have softened through 2025, while natural gas is volatile. Contingent residuals and “Other” show one-off timing effects, so near-term cash is commodity-price dependent. For investors, the company now looks more exposed to commodity cycles and one-time items—watch management for confirmation of divestitures and how they plan to stabilize recurring cash flow.
The FlyBarnwell (BRN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $12.23M
- Dividend Yield
- ―
- Average Volume (3M)
- 194.06K
- Price to Earnings (P/E)
- -1.7
- Beta (1Y)
- -0.47
- Revenue Growth
- -25.24%
- EPS Growth
- 25.19%
- Country
- US
- Employees
- 17
- Sector
- General
- Sector Strength
- 55
- Industry
- Oil & Gas Exploration & Production
Barnwell Business Overview & Revenue Model
Company Description
Barnwell Industries, Inc., established in 1956 and based in Honolulu, Hawaii, is a diversified company operating across three distinct business areas: oil and natural gas, land investment, and contract drilling. The company's energy operations involv...
Barnwell Financial Statement Overview
Summary
Financial performance is critically weak. TTM revenue fell 27.8% YoY, gross margin collapsed to 3.8%, and the company is generating significant operating and net losses. Cash flow is deeply negative, with a TTM free cash flow of -$4.1M, indicating a cash burn that threatens liquidity. The only mitigating factor is a very low debt-to-equity ratio of 0.008, which provides some financial flexibility, but this is overshadowed by the rapid erosion of equity and assets.
Income Statement
15Very NegativeBalance Sheet
45NeutralCash Flow
15Very Negative| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.66M | 13.70M | 21.72M | 25.04M | 27.09M | 16.16M |
| Gross Profit | 1.51M | 1.58M | 2.29M | 4.48M | 10.28M | 3.09M |
| EBITDA | -3.63M | -3.90M | -10.00K | 3.60M | 7.84M | 6.56M |
| Net Income | -5.45M | -6.91M | -5.57M | -961.00K | 5.51M | 6.25M |
Balance Sheet | ||||||
| Total Assets | 21.49M | 20.81M | 30.67M | 35.42M | 37.22M | 24.43M |
| Cash, Cash Equivalents and Short-Term Investments | 4.47M | 2.89M | 4.50M | 2.83M | 12.80M | 11.28M |
| Total Debt | 53.00K | 264.00K | 7,000 | 47.00K | 266.00K | 344.00K |
| Total Liabilities | 12.55M | 13.79M | 17.61M | 16.66M | 18.05M | 14.93M |
| Stockholders Equity | 8.87M | 7.01M | 13.04M | 18.74M | 19.14M | 9.50M |
Cash Flow | ||||||
| Free Cash Flow | -4.35M | -4.94M | 1.18M | -9.69M | -2.93M | -1.10M |
| Operating Cash Flow | -3.96M | -1.87M | 4.71M | 1.94M | 7.29M | 831.00K |
| Investing Cash Flow | 3.07M | 773.00K | -2.83M | -11.18M | -7.11M | 3.69M |
| Financing Cash Flow | 4.24M | -418.00K | -226.00K | -786.00K | 1.56M | 2.19M |
Barnwell Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRN, the sentiment is Negative. The current price of 0.85 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.93, and below the 200-day MA of 1.03, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.22 is Neutral, neither overbought nor oversold. The STOCH value of 17.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRN.
Barnwell Risk Analysis
Barnwell disclosed 39 risk factors in its most recent earnings report. Barnwell reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksBarnwell Peers Comparison
Overall Rating
MXC74Outperform
BATL55Neutral- BRN44Neutral
VIVK32Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| MXC | 74Outperform | $18.43M | 12.08 | 7.95% | 1.08% | -9.59% | -5.69% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| BATL | 55Neutral | $39.99M | -0.14 | -29.92% | ― | -12.20% | -140.47% |
| BRN | 44Neutral | $12.34M | -1.73 | -67.70% | ― | -25.24% | 25.19% |
| VIVK | 32Underperform | $470.85K | 0.00 | -207.59% | ― | -27.81% | -139.21% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BRN | Barnwell Industries, Inc. | 0.85 | -0.32 | -27.54% | |
| MXC | Mexco Energy | 9.68 | 0.82 | 9.22% | |
| MTR | Mesa Royalty Trust | 1.84 | -2.56 | -58.14% | |
| VIVK | Vivakor, Inc. | 0.23 | -9425.77 | -100.00% | |
| BATL | Battalion Oil Corporation | 0.75 | -0.36 | -32.43% | |
| TPET | Trio Petroleum Corp. | 1.69 | -6.96 | -80.46% |
Barnwell Corporate Events
Barnwell Announces Sale of Canadian Oil and Gas Assets
PositiveOn October 13, 2026, Barnwell Industries, Inc. published a detailed Q&A to clarify its previously announced agreement, signed October 5, 2026, to sell its Canadian oil and natural gas business to a local Canadian corporation. The C$9 million base con...
Barnwell Streamlines Operations With Canadian Asset Divestiture
PositiveOn October 5, 2026, Barnwell Industries entered into an agreement to sell its Canadian oil and natural gas business to 2798913 Alberta Ltd. for a base purchase price of C$9 million, subject to working capital and debt adjustments. The consideration c...
Barnwell Announces Termination of Defined Benefit Pension Plan
PositiveOn September 30, 2026, Barnwell’s Board of Directors approved the termination of the company’s qualified defined benefit pension plan, with an effective date on or about November 30, 2026, and publicly announced the move in a press release on October...
Barnwell Exits Hawaii Real Estate Through Asset Divestiture
PositiveOn September 15, 2026, Barnwell Industries completed the sale of its remaining Hawaii development interests and related project rights, receiving a gross purchase price of about $1.77 million. After minority interest adjustments and pre-closing distr...
Barnwell exits Hawaii real estate, refocuses on energy
PositiveBarnwell Hawaiian Properties, a subsidiary of Barnwell Industries, and Ka‘upulehu Developments agreed on July 31, 2026 to sell their remaining Hawaii development interests and related project rights to buyer David Johnston for $1.77 million in cash,...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 19, 2026