TM
Barnwell Industries, Inc.
Profile
Corporate Information
Ticker BRN | Primary Stock Exchange NYSE MKT
Address:
1100 Alakea Street, Suite 2900
Honolulu, HI 96813
Phone: 808-531-8400
Fax: 808-531-7181
Web Site:
http://www.brninc.com
Auditors:
KPMG
I.R. Contact:
Russell M. Gifford
Employees: 38
Shareholders: 1,151
Founded: 1956
Domicile: Delaware
Officers:
Morton H. Kinzler Chairman & Chief Executive Officer
Alexander C. Kinzler President, General Counsel &
Chief Operating Officer
Mark A. Murashige Controller
Russell M. Gifford Exec VP, Investor Relations
Contact, Treasurer, Secretary & Chief Financial
Officer
Directors:
Martin Anderson
James S. Barnwell, III
Murray C. Gardner
Russell M. Gifford
Ahron H. Haspel
Robert J. Inglima, Jr.
Alexander C. Kinzler
Morton H. Kinzler
Diane G. Kranz
Kevin K. Takata
Subsidiaries:
Barnwell Alakea Properties, Inc.
Barnwell Financial Corporation
Barnwell Geothermal Corporation
Barnwell Hawaiian Properties, Inc.
Barnwell Kona Corporation
Barnwell Makai, Inc.
Barnwell Management Co., Inc.
Barnwell of Canada, Limited
Barnwell of Israel, Ltd.
Barnwell Oil & Gas, Ltd.
Barnwell Shallow Oil, Inc.
Bill Robbins Drilling, Ltd.
Cambridge Hawaii Limited Partnership
Dartmouth Petroleum, Ltd.
Gypsy Petroleum Ltd.
J.H. Wilson Associates, Ltd.
Kaupulehu 2007, LLLP
Kaupulehu Developments
Kaupulehu Investors, LLC
Kaupulehu Mauka Investors, LLC
Mauka 3K, LLC
(Continued on next page of this report)
Overview: This company primarily explores, develops, produces and sells oil and natural gas in Canada. It also
invests in leasehold land and other real estate interests in Hawaii.
Incorporated: INCORPORATED in Delaware Dec. 5, 1956, as Barnwell Offshore, Inc. Name changed to Barnwell
Industries, Inc. on Sept. 1, 1961.
Background: Barnwell Industries, Inc., through its subsidiaries, acquires, explores for, develops, produces, and
sells oil and natural gas in Canada. It operates through four segments: Oil and Natural Gas, Land Investment,
Contract Drilling, and Residential Real Estate. The company invests in oil and natural gas properties located in
the provinces of Alberta, Saskatchewan, and British Columbia in Canada. As of September 30, 2014, its principal
oil and natural gas property, the Dunvegan Unit, had 220 producing natural gas wells, proved natural gas
reserves of 5,848,000 net thousand cubic feet of natural gas, and proved oil and natural gas liquids reserves of
297,000 net Bbls. The company also invests in land interests in Hawaii. In addition, it owns and operates portable
rotary drilling rig and other ancillary drilling equipment; drills water and water monitoring wells of various depths;
installs and repairs water pumping systems; and distributes Floway pumps and equi(Continued on the next page
of this report)
Stock Data (Capitalization as of: September 30, 2014)
Stock: Common $0.50 par | Authorized Shares 20,000,000 | Outstanding Shares 18,277,160
Footnote: 1. Excl. 167,900 in treas.
Long Term Debt $6,650,000.
Stockholders (as of December 01, 2014): 1,151
Principal Stockholder:
Transfer Agent: American Stock Transfer & Trust Co., New York, NY
Additional Notes:
Dividends
Common Stock
0.22
0.35
0.17
0.12
0.14
0.03
0.08
0.02
0.03
0.03
0.02
0.05
0.10
0.05
0.04
Exchange
NYSE MKT
2008
2007
2006
2005
2004
2002
2001
2000
1995
1994
1993
1992
1991
1990
1989
NYSE Amex
American Stock Exchange
Year
2014
2013
2012
2011
2010
2009
2008
2007
2006
1
2005
High
3.6000
3.8900
4.1400
9.0100
4.8200
5.9700
16.9500
23.9600
25.6800
28.2500
Low
2.1800
2.9900
2.6000
2.7000
2.5000
2.2500
2.9500
8.3800
16.8200
19.5000
Footnote:
1 Aft. 3-for-1 split Nov. 15; bef. 3-for-1 split Nov. 15 but aft. 2-for-1 split Jan. 31, 78.90-37.75; b
This information should not be used for determining a company’s manual exemption status. Only the listing from Corporation Records should be used for that purpose. This report is for informational purposes and should not be
considered a solicitation to buy or sell any security nor is this report considered investment advice. Neither S&P Capital IQ nor any other party guarantees its accuracy or makes warranties regarding results from its usage. S&P
Capital IQ receives compensation from the issuer or an agent thereof for initiating coverage, and for distribution including licensed redistribution of this report, and/or for inclusion in other S&P Capital IQ publications, generally in
amounts up to U.S. $3,995. per year. Redistribution is prohibited without written permission.
Page 1
TM
| March 26, 2015
Barnwell Industries, Inc. | Ticker BRN | Primary Exchange NYSE MKT
Profile
Background: (Continued from Page 1) pment in Hawaii. Further, the company develops luxury residences for sale in Hawaii. Barnwell Industries, Inc. was founded in 1956
and is headquartered in Honolulu, Hawaii.
Subsidiaries
(Continued from the previous page)
Victoria Properties, Inc.
Water Resources International, Inc.
This listing from S&P Capital IQ Market Access Program including Corporate Records should not be used for determining a company's manual exemption
status. Only the listing from Corporation Records should be used for that purpose. Redistribution is prohibited without written permission.
Page 2
TM
| March 26, 2015
Barnwell Industries, Inc. | Ticker BRN | Primary Exchange NYSE MKT
Annual Report
IncomeStatement as of Sep. 30 ( US DOLLAR)
REVENUES
Oil and Gas Revenues
Gain on sale of investments
Contract Drilling
Gas Processing and Other
Sale of Interest in Leasehold Land, Net
Total Revenues
EXPENSES
Contract Drilling Operating
Oil and Natural Gas Operating
General and Administrative
Depletion, depreciation and Amortization
Reduction of Carrying Value of Assets
Interest Expense
Equity in loss of affiliates
Earnings before Taxes
TAXES AND OTHER EXPENSES
Provision for Income Tax
Minority Interest (After Tax)
Net Income (Loss)
SUPPLEMENTARY INFO
Basic EPS - Continuing Operations
Diluted EPS - Continuing Operations
2014
2013
20,298,000 21,376,000
3,399,000
6,287,000 2,338,000
825,000 612,000
636,000 282,000
31,445,000 24,608,000
(5,026,000)
(8,914,000)
(8,026,000)
(6,391,000)
(2,239,000)
(9,992,000)
(8,911,000)
(8,542,000)
(4,506,000)
(664,000) (587,000)
(482,000)
2,424,000 (10,169,000)
(604,000) 1,497,000
(666,000) 109,000
672,000 (8,563,000)
0.08
0.08
(1.03)
(1.03)
BalanceSheet as of Sep. 30 ( US DOLLAR)
ASSETS:
CURRENT ASSETS
Cash and Cash Equivalents
Accounts Receivables
Real Estate Held for Sale
Prepaid Expenses
Investment held for sale
Other Current Assets
Total Current Assets
NON CURRENT ASSETS
Net Property and Equipment
Investment in Real Estate
Total Assets
LIABILITIES:
CURRENT LIABILITIES
Accounts Payable
Accrued Incentive and Other Compensation
Accrued Operating and Other Expenses
Current Portion of Long-term Debt
Other Current Liabilities
Accrued Capital Expenditure
Payable to Joint Interest Owners
Current asset retirement obligation
Total Current Liabilities
NON CURRENT LIABILITIES
Long-term Debt
Liability for Retirement Benefits
Deferred Income Taxes
Minority Interest
Asset Retirement Obligations
SHAREHOLDERS' EQUITY
Common Stock - Par Value $0.50
Additional Paid in Capital
Treasury Stock - Common
Retained Earnings
Accumulated Other Comprehensive Income
(Loss)-net
Total Shareholders Equity
Total Liabilities & Shareholders Equity
This listing from S&P Capital IQ Market Access Program including Corporate Records should not be used for determining a company's manual exemption
status. Only the listing from Corporation Records should be used for that purpose. Redistribution is prohibited without written permission.
2014
2013
16,104,000 7,828,000
2,910,000 3,287,000
5,448,000 5,448,000
221,000 230,000
1,139,000
698,000 2,234,000
26,520,000 19,027,000
22,350,000 41,306,000
5,900,000 2,381,000
54,770,000 62,714,000
3,453,000 4,415,000
1,085,000 1,652,000
2,464,000 2,670,000
4,449,000 5,240,000
660,000 437,000
519,000 1,846,000
915,000 187,000
978,000
14,523,000 16,447,000
6,650,000 11,400,000
4,266,000 3,137,000
1,201,000 1,890,000
747,000 571,000
8,185,000 7,520,000
4,223,000 4,223,000
1,315,000 1,289,000
(2,286,000)
(2,286,000)
16,204,000 15,532,000
(258,000) 2,991,000
19,198,000 21,749,000
54,770,000 62,714,000
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