Barnwell Industries reports Q4 EPS (19c) vs. (1c) last year

Reports Q4 revenue $4.3M vs. $6.8M last year. Craig D. Hopkins, CEO, commented, “Twining continues to be the engine for our future growth. We were able to hold production steady for most of 2024 without drilling, and we are now pleased that our new development well is online and producing as expected. We continue to work to simplify Barnwell’s other businesses and reduce the corresponding administrative costs to improve our returns and increase our cash available for investment.”