Barnwell Industries Announces Increased Revenue Leverage to Oil Prices and Launches Strategic Review of Canadian Assets

Key Highlights for Investors

• Rising Oil Prices Boost Canadian Revenue: Barnwell Industries, Inc. (NYSE American: BRN) has announced that its Canadian oil production is poised to generate substantially higher revenues given the recent uptick in global energy prices.
• Stable, Long-Life Production: The company produces approximately 950 barrels of oil equivalent per day from its interests in the Twining oil field, Alberta, Canada. These are long-life, conventional reserves in a well-established energy jurisdiction, offering reliability and low operational disruption.
• Direct Exposure to North American Energy Markets: Barnwell’s Canadian assets provide shareholders with direct leverage to strengthening North American oil prices, supporting consistent production performance even as market conditions fluctuate.
• Strategic Review Underway: The company is actively evaluating strategic alternatives for its Canadian oil and gas assets. This includes the ongoing consideration of a potential sale, with a formal process to solicit and evaluate indications of interest from prospective buyers.
• Shareholder Value and Capital Discipline: Management emphasized its commitment to disciplined capital allocation and maximizing shareholder value. The strategic review aims to ensure shareholders realize fair value for the company’s assets in the current favorable market environment.

Details and Insights for Shareholders

In a press release dated March 19, 2026, Barnwell Industries highlighted the robust performance of its Canadian operations in response to stronger oil prices. According to Philip F. Patman, Jr., Chief Financial Officer and Treasurer, the company’s assets “offer shareholders meaningful leverage to rising oil prices,” and the team is dedicated to translating this advantage into “enhanced revenues and long-term value.”

Notably, the company confirmed that its Board and management have commenced a formal process to review strategic alternatives for its Canadian energy assets, a move that could potentially result in a transaction such as an asset sale. This process, intended to confirm and potentially realize fair value for these assets, comes at a time when market conditions are particularly favorable for sellers in the energy sector.

The outcome of this strategic review could be significant for Barnwell’s share price, as any sale or monetization of these assets may unlock substantial value for shareholders or meaningfully alter the company’s future direction. Investors should be aware that expressions of interest are being solicited, and further updates are expected as the process advances.

Company Overview

Barnwell Industries, Inc. is a diversified company with operations and interests in energy and related assets. The company’s focus remains on disciplined capital allocation, operational excellence, and pursuing high-return growth opportunities.

Forward-Looking Statements and Risks

The company cautions investors that this press release contains forward-looking statements, which are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected. These risks are detailed in Barnwell’s filings with the Securities and Exchange Commission, including the annual report on Form 10-K. Investors should not place undue reliance on these statements, which reflect management’s views as of the date of the release.

Contact Information

Philip F. Patman, Jr.
Chief Financial Officer and Treasurer
Barnwell Industries, Inc.
24 Greenway Plaza, Suite 1800Q
Houston, Texas 77046
Telephone: +1 (713) 730 7026
Website: www.brninc.com

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are urged to review all company filings and conduct their own due diligence before making any investment decisions. The forward-looking statements in this article are subject to risks and uncertainties, and actual results may differ.

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