Barnwell FY26 Q3 net loss narrows to $440,000; revenue rises to $3.38 million
BRN•Barnwell reports higher revenue and narrower quarterly loss
Barnwell posted Q3 revenue of $3.38 million, up 33.29% from the prior quarter.
Net loss narrowed to $403,000; net loss attributable to shareholders improved to $440,000, or $0.03 per share.
Non-GAAP adjusted EBITDA turned positive at $425,000 versus a loss in the prior quarter.
Oil and gas output rose 9% to 82,000 BOE; oil and natural gas operating results climbed to $757,000 on higher revenues.
The company ended the quarter debt-free with $4.47 million in cash. Its rights plan expired July 29, while it weighs a potential sale of Canadian assets.
