Barnwell Industries Inc. press release

Barnwell Industries Clarifies Hawaii Transaction Disclosure in August 11, 2026 Earnings Release

2026-08-13

NYSE - New York Stock Exchange · Oil · Natural Gas · Natural Gas Liquids · United States · Retraction

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 | | | | | CONTACT: | Philip Patman, Jr.

Chief Financial Officer and Treasurer

Phone: (713) 730-7026

Email: barnwellinfo@brninc.com |

SOURCE:Barnwell Industries

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