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 1800QHouston, Texas 77046Telephone: (713) 730-7026Website: brninc.comCONTACT:Philip Patman, Jr.Chief Financial Officer and TreasurerPhone: (713) 730-7026Email: barnwellinfo@brninc.comSOURCE: Barnwell IndustriesView the original press release on ACCESS Newswire
Barnwell Industries Clarifies Hawaii Transaction Disclosure in August 11, 2026 Earnings Release
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 1800QHouston, Texas 77046Telephone: (713) 730-7026Website: brninc.comCONTACT:Philip Patman, Jr.Chief Financial Officer and TreasurerPhone: (713) 730-7026Email: barnwellinfo@brninc.comSOURCE: Barnwell IndustriesView the original press release on ACCESS Newswire
