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Barnwell Industries Clarifies Hawaii Transaction Disclosure in August 11, 2026 Earnings Release

accessnewswire.com
BRN The article is a clarification of a previous earnings release regarding a Hawaii transaction. It corrects a minor discrepancy in a distribution amount, stating that other information remains unchanged. This suggests a neutral stance as it's a factual correction rather than a performance indicator.

HOUSTON, TX / ACCESS Newswire / August 12, 2026 / Barnwell Industries, Inc. (NYSE American:BRN) today announced a clarification to its August 11, 2026 earnings release relating to its previously announced Hawaii transaction.

As correctly disclosed by the Company on August 4, 2026, the definitive agreement provides for a gross purchase price of approximately $1,770,000, of which approximately $1.5 million is expected to be net to Barnwell. In connection with the transaction, the applicable partnership is expected to make a pre-closing distribution of approximately $0.1 million net to Barnwell. The August 11 earnings release stated that the pre-closing distribution was approximately $770,000.

The Company's August 4, 2026 disclosures regarding the Hawaii transaction remain unchanged, and this clarification does not affect the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All other information in the August 11, 2026 earnings release remains unchanged.

COMPANY:

Barnwell Industries, Inc.

24 Greenway Plaza, Suite 1800Q

Houston, Texas 77046

Telephone: (713) 730-7026

Website: brninc.com

CONTACT:

Philip Patman, Jr.

Chief Financial Officer and Treasurer

Phone: (713) 730-7026

Email: [email protected]

SOURCE: Barnwell Industries