HOUSTON, TX / ACCESS Newswire / March 23, 2026 / Barnwell Industries, Inc. (NYSE:BRN) (&#34;Barnwell&#34; or the &#34;Company&#34;) today announced that it has received a cash distribution of approximately $290,000 from its investments

<p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / March 23, 2026 / </strong>Barnwell Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BRN">BRN</a>) ("Barnwell" or the "Company") today announced that it has received a cash distribution of approximately <strong>$290,000</strong> from its investments in the Kukio Resort land development partnerships in Hawaii, specifically those in KD Kona and KKM Makai.</p><p>Barnwell holds minority partnership interests in the Kukio Resort development, a high-end residential community located on the Kona coast of Hawaii. These investments provide the Company with participation in the value created through the development and sale of luxury residential real estate within the Kukio project.</p><p>"This distribution underscores the continued value embedded in the investments in our Kukio real estate segment," said Philip Patman, Jr. Chief Financial Officer of Barnwell Industries. "While these cash flows can be episodic in nature, they represent an additional source of value alongside our core energy operations."</p><p>The Company continues to monitor and evaluate opportunities to maximize the value of its diverse asset base, including its real estate interests and Canadian energy assets.</p><p>As outlined in the Company's Form 8-K filed with the Securities and Exchange Commission on March 13, 2026, Barnwell has commenced a process to solicit and evaluate indications of interest from potential counterparties, with the intention being to confirm and potentially realize fair value for those assets in light of current market conditions.</p><p>The Company remains committed to disciplined capital allocation and maximizing shareholder value, and will provide updates as appropriate.</p><p><strong>About Barnwell Industries, Inc.</strong></p><p>Barnwell Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BRN">BRN</a>) is a diversified company with operations and interests in energy and related assets. The Company is focused on disciplined capital allocation, operational excellence, and high-return growth opportunities.</p><p><strong>Forward-Looking Statements</strong></p><p>The information contained in this press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell's future performance, statements of Barnwell's plans and objectives, and other similar statements. Forward-looking statements include phrases such as "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates," "assumes," "projects," "may," "will," "will be," "should," or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell's expectations are set forth in the "Forward-Looking Statements," "Risk Factors" and other sections of Barnwell's annual report on Form 10-K for the last fiscal year and Barnwell's other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.</p><p>COMPANY:</p><p>Philip F. Patman, Jr.<br/>Chief Financial Officer and Treasurer<br/>Barnwell Industries, Inc.<br/>24 Greenway Plaza, Suite 1800Q<br/>Houston, Texas 77046<br/>Telephone: +1 (713) 730 7026<br/>Website: <a rel="nofollow" href="https://pr.report/jzd1">www.brninc.com</a></p><p><strong>SOURCE:</strong> Barnwell Industries</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/barnwell-industries-receives-cash-distribution-from-its-interests-in-the-big-isl-1150418'>press release</a> on ACCESS Newswire<br/><br/>
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Barnwell Industries Receives Cash Distribution from Its Interests in the Big Island of Hawaii Kaupulehu and Kukio Resort Partnerships, Highlighting the Company's Embedded Value Beyond Its Core Energy Operations

Barnwell Industries Secures $290,000 from Kukio Resort Investments

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HOUSTON, TX / ACCESS Newswire / March 23, 2026 / Barnwell Industries, Inc. (NYSE:BRN) (&amp;#34;Barnwell&amp;#34; or the &amp;#34;Company&amp;#34;) today announced that it has received a cash distribution of approximately $290,000 from its investments</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Barnwell Industries announced a $290,000 cash distribution from its investments in Kukio Resort, indicating ongoing value in its real estate segment. This cash flow could enhance overall company valuation as they explore counterparty interest for further asset realization, positioning Barnwell for potential growth amidst cautious capital allocation strategies.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Barnwell received a cash distribution of $290,000 from Kukio Resort investments.</li><li>The company holds minority stakes in high-end residential developments in Hawaii.</li><li>They are actively evaluating potential counterparties for asset realization.</li><li>The cash flow reflects ongoing value in Barnwell’s Kukio real estate segment.</li><li>Barnwell emphasizes disciplined capital allocation and maximizing shareholder value.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Barnwell Industries, Inc. (BRN)</strong>: Diversified company with interests in energy and real estate markets.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement falls under Corporate Developments, emphasizing Barnwell&#039;s strategic focus on maximizing asset value through disciplined allocation and management, which can directly impact shareholder returns.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Potential further cash distributions may signal growth and improve stock sentiment.</li><li>Ongoing evaluations for asset realization could enhance liquidity and investor confidence.</li><li>Successful sale of additional assets may lead to increased market valuation.</li><li>Real estate market strength in Hawaii may bolster BRN&#039;s financial performance.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Barnwell received $290,000 from Kukio Resort investments.</li><li>Kukio Resort is located on Hawaii&#039;s Kona coast.</li><li>Barnwell holds minority partnership interests in Kukio developments.</li><li>The company filed a Form 8-K on March 13, 2026, regarding asset evaluations.</li><li>Barnwell is focused on disciplined capital allocation to maximize shareholder value.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider initiating a long position in BRN as its asset realizations could drive valuation upside in the next 6-12 months.</p>
  </section>
</section>


<p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / March 23, 2026 / </strong>Barnwell Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BRN">BRN</a>) ("Barnwell" or the "Company") today announced that it has received a cash distribution of approximately <strong>$290,000</strong> from its investments in the Kukio Resort land development partnerships in Hawaii, specifically those in KD Kona and KKM Makai.</p><p>Barnwell holds minority partnership interests in the Kukio Resort development, a high-end residential community located on the Kona coast of Hawaii. These investments provide the Company with participation in the value created through the development and sale of luxury residential real estate within the Kukio project.</p><p>"This distribution underscores the continued value embedded in the investments in our Kukio real estate segment," said Philip Patman, Jr. Chief Financial Officer of Barnwell Industries. "While these cash flows can be episodic in nature, they represent an additional source of value alongside our core energy operations."</p><p>The Company continues to monitor and evaluate opportunities to maximize the value of its diverse asset base, including its real estate interests and Canadian energy assets.</p><p>As outlined in the Company's Form 8-K filed with the Securities and Exchange Commission on March 13, 2026, Barnwell has commenced a process to solicit and evaluate indications of interest from potential counterparties, with the intention being to confirm and potentially realize fair value for those assets in light of current market conditions.</p><p>The Company remains committed to disciplined capital allocation and maximizing shareholder value, and will provide updates as appropriate.</p><p><strong>About Barnwell Industries, Inc.</strong></p><p>Barnwell Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BRN">BRN</a>) is a diversified company with operations and interests in energy and related assets. The Company is focused on disciplined capital allocation, operational excellence, and high-return growth opportunities.</p><p><strong>Forward-Looking Statements</strong></p><p>The information contained in this press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell's future performance, statements of Barnwell's plans and objectives, and other similar statements. Forward-looking statements include phrases such as "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates," "assumes," "projects," "may," "will," "will be," "should," or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell's expectations are set forth in the "Forward-Looking Statements," "Risk Factors" and other sections of Barnwell's annual report on Form 10-K for the last fiscal year and Barnwell's other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.</p><p>COMPANY:</p><p>Philip F. Patman, Jr.<br/>Chief Financial Officer and Treasurer<br/>Barnwell Industries, Inc.<br/>24 Greenway Plaza, Suite 1800Q<br/>Houston, Texas 77046<br/>Telephone: +1 (713) 730 7026<br/>Website: <a rel="nofollow" href="https://pr.report/jzd1">www.brninc.com</a></p><p><strong>SOURCE:</strong> Barnwell Industries</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/barnwell-industries-receives-cash-distribution-from-its-interests-in-the-big-isl-1150418'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1150418" width="0" height="0"/>

Barnwell Industries announced a $290,000 cash distribution from its investments in Kukio Resort, indicating ongoing value in its real estate segment. This cash flow could enhance overall company valuation as they explore counterparty interest for further asset realization, positioning Barnwell for potential growth amidst cautious capital allocation strategies.

barnwell-industries-receives-cash-distribution-from-its-interests-in-the-big-island-of-hawaii-kaupulehu-and-kukio-resort-partnerships-highlighting-the-company-s-embedded-value-beyond-its-core-energy-operations

Barnwell Industries Receives Cash Distribution from Its Interests in the Big Island of Hawaii Kaupulehu and Kukio Resort Partnerships, Highlighting the Company's Embedded Value Beyond Its Core Energy Operations

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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