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 |
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CONTACT: | Philip Patman, Jr. Chief Financial Officer and Treasurer Phone: (713) 730-7026 Email: barnwellinfo@brninc.com |
SOURCE: Barnwell Industries
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