Barnwell Industries (BRN)
Market Price (2/15/2026): $0.9802 | Market Cap: $9.9 MilSector: Energy | Industry: Oil & Gas Exploration & Production
Barnwell Industries (BRN)
Market Price (2/15/2026): $0.9802Market Cap: $9.9 MilSector: EnergyIndustry: Oil & Gas Exploration & Production
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% | Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -126% | Penny stockMkt Price is 1.0 |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Water Infrastructure. Themes include US Oil & Gas Exploration & Production, and Hawaii Water Well Drilling & Development. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -40% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -20%, Rev Chg QQuarterly Revenue Change % is -19% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% | ||
| Key risksBRN key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% |
| Megatrend and thematic driversMegatrends include US Energy Independence, and Water Infrastructure. Themes include US Oil & Gas Exploration & Production, and Hawaii Water Well Drilling & Development. |
| Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -126% |
| Penny stockMkt Price is 1.0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -40% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -20%, Rev Chg QQuarterly Revenue Change % is -19% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -34% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% |
| Key risksBRN key risks include [1] substantial doubt about its ability to continue as a going concern, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Poor Fourth Quarter and Fiscal Year 2025 Financial Results.
Barnwell Industries reported a net loss from continuing operations of $2.429 million for the fourth quarter and $7.103 million for the fiscal year ended September 30, 2025, in their December 19, 2025, earnings report. This significant decline was attributed to several factors including higher general and administrative expenses, a loss incurred from the sale of the company's U.S. oil and natural gas working interests, a period of lower commodity prices, reduced production, and weaker performance in the land investment segment due to a lack of recurring prior-year lot sales.
2. Divestment of U.S. Oil and Natural Gas Assets.
The company's strategic decision to sell its U.S. oil and natural gas properties was disclosed as part of the December 19, 2025, financial results. This move, while intended to allow Barnwell to concentrate on high-return opportunities and optimize its Twining field, signifies a major shift away from a traditional segment of its business. The divestiture of these assets and the associated loss contributed to the reported net loss and could have led to investor concerns regarding future revenue streams and strategic direction.
3. Operational Restructuring and Relocation of Headquarters.
Barnwell Industries announced plans to close its Honolulu office in early 2026 and relocate its headquarters to Houston and Calgary, as stated in the December 19, 2025, report. This restructuring aims to streamline operations and reduce general and administrative expenses. However, such significant operational changes, including the closure of a long-standing office, can introduce short-term uncertainties and expenses that may negatively impact investor sentiment.
4. Adoption of a Limited-Duration Shareholder Rights Plan.
On January 30, 2026, Barnwell Industries adopted a limited-duration shareholder rights plan, replacing an expired one. The plan is designed to protect shareholder interests by guarding against tactics to gain "creeping control" of the company without offering shareholders an appropriate premium. While presented as a protective measure, such rights plans can sometimes be perceived by the market as a defensive action against potential activist investors or as a deterrent to beneficial acquisition offers, potentially creating uncertainty among shareholders. Show more
Stock Movement Drivers
Fundamental Drivers
The -25.2% change in BRN stock from 10/31/2025 to 2/15/2026 was primarily driven by a -21.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.31 | 0.98 | -25.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15 | 14 | -4.9% |
| P/S Multiple | 0.9 | 0.7 | -21.2% |
| Shares Outstanding (Mil) | 10 | 10 | -0.2% |
| Cumulative Contribution | -25.2% |
Market Drivers
10/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| BRN | -25.2% | |
| Market (SPY) | -0.0% | 28.7% |
| Sector (XLE) | 23.3% | 38.0% |
Fundamental Drivers
The -15.5% change in BRN stock from 7/31/2025 to 2/15/2026 was primarily driven by a -12.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.16 | 0.98 | -15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 14 | -12.5% |
| P/S Multiple | 0.7 | 0.7 | -3.2% |
| Shares Outstanding (Mil) | 10 | 10 | -0.2% |
| Cumulative Contribution | -15.5% |
Market Drivers
7/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| BRN | -15.5% | |
| Market (SPY) | 8.2% | 23.5% |
| Sector (XLE) | 25.7% | 34.2% |
Fundamental Drivers
The -44.9% change in BRN stock from 1/31/2025 to 2/15/2026 was primarily driven by a -25.9% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.78 | 0.98 | -44.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19 | 14 | -25.3% |
| P/S Multiple | 0.9 | 0.7 | -25.9% |
| Shares Outstanding (Mil) | 10 | 10 | -0.4% |
| Cumulative Contribution | -44.9% |
Market Drivers
1/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| BRN | -44.9% | |
| Market (SPY) | 14.3% | 6.1% |
| Sector (XLE) | 27.1% | 24.5% |
Fundamental Drivers
The -61.2% change in BRN stock from 1/31/2023 to 2/15/2026 was primarily driven by a -50.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.53 | 0.98 | -61.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 29 | 14 | -50.1% |
| P/S Multiple | 0.9 | 0.7 | -21.3% |
| Shares Outstanding (Mil) | 10 | 10 | -1.1% |
| Cumulative Contribution | -61.2% |
Market Drivers
1/31/2023 to 2/15/2026| Return | Correlation | |
|---|---|---|
| BRN | -61.2% | |
| Market (SPY) | 74.0% | 9.1% |
| Sector (XLE) | 32.7% | 25.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRN Return | 129% | 3% | -16% | -38% | -26% | -11% | -20% |
| Peers Return | 95% | 45% | 6% | 3% | 21% | 24% | 361% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BRN Win Rate | 50% | 42% | 25% | 33% | 42% | 0% | |
| Peers Win Rate | 67% | 62% | 53% | 52% | 68% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BRN Max Drawdown | -1% | -25% | -35% | -41% | -30% | -11% | |
| Peers Max Drawdown | -2% | 0% | -17% | -8% | -16% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IMO, CNQ, SU, CVE, OVV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | BRN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -66.7% | -25.4% |
| % Gain to Breakeven | 200.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -76.6% | -33.9% |
| % Gain to Breakeven | 326.8% | 51.3% |
| Time to Breakeven | 256 days | 148 days |
| 2018 Correction | ||
| % Loss | -86.9% | -19.8% |
| % Gain to Breakeven | 660.5% | 24.7% |
| Time to Breakeven | 454 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.0% | -56.8% |
| % Gain to Breakeven | 898.3% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to IMO, CNQ, SU, CVE, OVV
In The Past
Barnwell Industries's stock fell -66.7% during the 2022 Inflation Shock from a high on 1/28/2021. A -66.7% loss requires a 200.0% gain to breakeven.
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About Barnwell Industries (BRN)
AI Analysis | Feedback
- A small independent oil and gas company, like a regional **Occidental Petroleum (OXY)**, that also owns significant land in Hawaii.
- Imagine a miniature **Berkshire Hathaway (BRK.A/B)**, with core businesses in oil and gas production and Hawaiian real estate investments.
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```html- Oil and Natural Gas: Barnwell Industries engages in the acquisition, development, and production of crude oil and natural gas properties.
- Land Investment: The company invests in Hawaiian real estate, including undeveloped land for potential sale or development.
- Contract Drilling: Barnwell Industries provides drilling services for water wells, primarily for water development, in Hawaii.
AI Analysis | Feedback
Barnwell Industries (BRN) has a diversified customer base across its three primary business segments (Oil and Natural Gas, Land Investment, and Contracting). According to its recent SEC filings (e.g., 10-K for fiscal year ended September 30, 2023), no single customer accounted for 10% or more of the company's consolidated revenue. Therefore, rather than listing specific major customer companies, below are the categories of companies that Barnwell Industries primarily serves:
- Energy Sector Companies: These include various purchasers, midstream operators, and refining companies that buy Barnwell Industries' crude oil and natural gas production, primarily from its operations in Oklahoma and Texas.
- Real Estate Developers and Investors: These customers purchase Barnwell Industries' land assets, primarily located in Hawaii.
- Hawaii-based Commercial, Agricultural, and Governmental Entities: These customers utilize Barnwell Industries' water well drilling, pump system installation, and repair services. This category includes agricultural businesses (e.g., farms), resorts and other commercial enterprises, general contractors, water purveyors (utilities), and various local governmental agencies.
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Craig D. Hopkins, President, Chief Executive Officer
Craig D. Hopkins has been the President and Chief Executive Officer of Barnwell Industries, Inc. since April 1, 2024. He joined Barnwell affiliate Octavian Oil Ltd. in 2017 and Barnwell of Canada in 2020, serving as President of Octavian and President and Chief Operating Officer of Barnwell of Canada. With over 30 years of experience in the energy industry, primarily in western Canada, Mr. Hopkins has extensive technical expertise in exploration and production. He was a founder of a privately held start-up that achieved over 3000 boe/d through drilling and was subsequently sold to a Canadian major. Prior to joining Barnwell, he held senior leadership and technical roles at various energy companies including Talisman Energy, Aspect Energy, Atlas Energy, Crestar Energy, and Canadian Occidental Petroleum, where he began his career as a field production engineer.
Philip F. Patman, Jr., Executive Vice President – Finance (Incoming Chief Financial Officer, Treasurer)
Philip F. Patman, Jr. was appointed Executive Vice President – Finance of Barnwell Industries, Inc. on October 27, 2025, and is anticipated to become the Chief Financial Officer, principal financial officer, and principal accounting officer following the retirement of Russell Gifford by year-end 2025. Mr. Patman brings over two decades of global finance, operations, and capital markets leadership experience across diverse sectors including oil and gas, power and renewables, industrial technology, and digital infrastructure. His background includes public and private-company CFO roles, board-level advisory work, and experience in executing equity and debt financings, restructurings, asset sales, joint ventures, and cross-border mergers and acquisitions. He has held senior roles at companies such as Pantheon Resources plc, MacroFab, Soluna Holdings, VAALCO Energy, PTT Exploration & Production, and Ameresco. Mr. Patman also has a background in independent power and project finance, and private equity/infrastructure investing.
Russell M. Gifford, Executive Vice President, Chief Financial Officer, Treasurer
Russell M. Gifford serves as the Executive Vice President, Chief Financial Officer, and Treasurer of Barnwell Industries, Inc., and is expected to retire by the end of 2025. He joined Barnwell in 1982 as Assistant Controller and has held the titles of Chief Financial Officer since 1985, Treasurer since 1986, Executive Vice President since 1997, and Secretary since 2002. Mr. Gifford is a Certified Public Accountant and previously worked as an accounting and audit professional with Touche Ross & Company in New York City. He has also served as President of Water Resources International, Inc., a wholly-owned subsidiary of Barnwell, since 1999.
Alexander C. Kinzler, General Counsel & Corporate Secretary, Executive Chairman
Alexander C. Kinzler serves as General Counsel and Corporate Secretary, and as Executive Chairman of Barnwell Industries, Inc., effective April 1, 2024. He previously served as CEO of Barnwell from December 2016 to April 2024. Mr. Kinzler joined Barnwell in 1984 and has held various capacities including Vice President, Executive Vice President, President, and Chief Operating Officer. His father, Morton H. Kinzler, co-founded the company in 1956. Alexander Kinzler spearheaded the entitlement attainment and development transactions for Barnwell's resort property, now known as Hualalai Resort. He is an attorney and holds B.A. and J.D. degrees from Case Western Reserve University.
Joy Matsukawa, Assistant Vice President, Assistant Controller
Joy Matsukawa is an Assistant Vice President and Assistant Controller at Barnwell Industries, Inc.
AI Analysis | Feedback
The key risks to Barnwell Industries (BRN) are:- Substantial Doubt Regarding Going Concern: Barnwell Industries' management has explicitly raised "substantial doubt regarding our ability to continue as a going concern." This is evidenced by widening net losses, declining revenue from continuing operations, and a working capital deficit. The company also needs to raise additional capital to develop assets and reduce its working capital deficit.
- High General and Administrative Expenses from Shareholder Disputes: The company has incurred significant and increasing general and administrative expenses, primarily due to ongoing shareholder disputes and proxy contests. These costs have negatively impacted Barnwell's liquidity and hindered its ability to invest and pursue growth opportunities. For example, Q3 2025 saw a 43% increase in these expenses, totaling $565,000, and Q2 2025 included $978,000 in such expenses.
- Declining Oil and Natural Gas Production and Asset Sales: Barnwell Industries has experienced a decline in oil and natural gas production across all segments, including oil, natural gas, and natural gas liquids. Furthermore, the company sold all its U.S. oil and natural gas assets for $2.3 million in August 2025, expecting a $700,000 loss from the sale, and is now solely focused on its Canadian Twining field operations. This signifies a shrinking and challenged core business segment.
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The accelerating global and particularly local (Hawaii) transition to renewable energy and away from fossil fuels represents a clear emerging threat to Barnwell Industries' oil and gas operations. Hawaii's ambitious 100% clean energy by 2045 goal, coupled with increasing environmental regulations and declining long-term demand for fossil fuels, threatens the viability, profitability, and asset value of BRN's oil and gas segment. This parallels how Blockbuster's traditional model was threatened by the emerging streaming model of Netflix, as it signals a systemic shift in the energy industry that could render conventional fossil fuel assets increasingly obsolete or uneconomical.
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Barnwell Industries (BRN) operates in three primary segments: Oil and Natural Gas, Land Investment, and Contract Drilling Services.
Oil and Natural Gas
Barnwell Industries engages in oil and natural gas development, production, and sales in Canada and the United States.
- Canada: The Canada Oil and Gas Market was valued at approximately USD 60 billion in 2024 and is projected to reach USD 85 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 4.54% from 2024 to 2031. Another estimate places the market size at USD 38.89 billion in 2025, expected to reach USD 45.39 billion by 2030, with a CAGR of 3.14%. Capital investment in the Canadian oil and natural gas industry is forecast to be USD 39.7 billion in 2025.
- United States: The U.S. oil and gas market size was valued at USD 252.6 billion in 2024 and is anticipated to grow to USD 339.5 billion by 2033, at a CAGR of 3.26% from 2025 to 2033. Another report indicates the U.S. oil & gas market size was USD 1.55 trillion in 2024, projected to grow to USD 1.61 trillion in 2025, and reach approximately USD 2.24 trillion by 2034 with a CAGR of 3.75% between 2025 and 2034. A third source values the U.S. oil and gas market at USD 453.2 billion in 2024, expecting it to reach USD 474.5 billion in 2025 and USD 665.5 billion by 2033, with a CAGR of 4.7% from 2024 to 2033.
Land Investment (Resort Property Development)
Barnwell Industries invests in land interests, specifically resort property development in Hawaii.
- Hawaii: The median home price in Hawaii is expected to range from USD 850,000 to USD 1 million in 2025, depending on the island and neighborhood. In September 2025, the median home price in Hawaii was USD 753,700, a decrease of 4.4% compared to the previous year. The average Hawaii home value is approximately USD 826,575. For Q3 2025, the median single-family home price on O'ahu was USD 1,075,000, and condos averaged USD 490,000. In October 2025, the Hawaii State median home sale price was up 9% to USD 1,055,998, while the condo price remained flat at USD 550,000 compared to last year.
Contract Drilling Services
Barnwell Industries provides well drilling services and water pumping system installation and repairs in Hawaii.
- Global/North America: The global water well drilling market size was valued at USD 5.31 billion in 2024 and is projected to reach USD 7.51 billion by 2033, exhibiting a CAGR of 3.93% from 2025 to 2033. North America is estimated to hold the largest share of the water well drilling market in 2025. A specific market size for well drilling and water pumping system installation and repairs solely within Hawaii is not readily available.
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Expected Drivers of Future Revenue Growth for Barnwell Industries (BRN)
Over the next 2-3 years, Barnwell Industries (BRN) anticipates revenue growth to be driven by: * Canadian Energy Asset Development: The company's ongoing investment and development in Canadian energy assets, such as the Twining drilling program, are expected to contribute to future oil and natural gas production. A 100%-owned and operated development oil well in the Twining area commenced drilling in July 2024, with completion anticipated by early September 2024. This initiative highlights a commitment to developing its energy portfolio outside of its recently divested U.S. assets. * Strategic Land Investment Sales: Revenue generation from the land investment segment, particularly through the sale of interests in leasehold land, could serve as a driver. In fiscal year 2024, this segment saw an increase in revenues from such sales compared to the previous year. While there was a noted decrease in land investment segment results in Q2 2025 due to a lack of lot sales, this segment has historically contributed to revenue. * Optimization of Existing Oil and Gas Operations: Barnwell's continuing optimization program is focused on maintaining corporate oil and gas production levels without relying on new drilling or acquisitions, while simultaneously reducing operating costs. By enhancing the efficiency and cost-effectiveness of its current oil and gas assets, particularly its Canadian holdings, the company aims to sustain and potentially improve net revenue from this segment by mitigating production declines and improving margins.AI Analysis | Feedback
```html[1] Share Repurchases
No information available regarding specific dollar amounts of share repurchases made or authorized by Barnwell Industries over the last 3-5 years.
[2] Share Issuance
- On October 27, 2025, Barnwell Industries granted equity awards to Philip F. Patman, Jr., including 83,207 common shares, 83,208 restricted stock units (RSUs), and an option to purchase 185,000 shares at an exercise price of $1.21 per share. These awards vest in three installments between 2026 and 2028.
[3] Inbound Investments
No information available regarding large strategic investments made in Barnwell Industries by third-parties such as strategic partners or private equity firms.
[4] Outbound Investments
- In February 2021, Barnwell Industries established BOK Drilling, LLC, a wholly-owned subsidiary, to indirectly invest in oil and natural gas exploration and development in Oklahoma. BOK Drilling subsequently partnered with Gros Ventre Partners, LLC, to form Teton Barnwell Fund I, LLC, with BOK responsible for 100% of the capital contributions for direct oil and natural gas investments.
[5] Capital Expenditures
- Barnwell Industries' oil and natural gas capital expenditures decreased from $10,729,000 in fiscal 2023 to $4,805,000 in fiscal 2024, primarily focused on drilling one operated development oil well in the Twining area. Minimal capital is expected for remaining Canadian assets slated for divestment.
- For fiscal 2022, the company invested $11,052,000 in oil and natural gas properties, with capital expenditures primarily directed towards drilling new wells in Texas and the Twining area, facility expansion and upgrades in Twining, and acquiring additional working interests in Twining wells.
- In the first quarter of fiscal 2025 (ended December 31, 2024), cash used in investing activities, reflecting capital expenditures in the oil and natural gas segment, totaled $1,662,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Barnwell Industries Earnings Notes | 12/16/2025 | |
| Barnwell Industries Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 43.86 |
| Mkt Cap | 49.8 |
| Rev LTM | 45,382 |
| Op Inc LTM | 4,679 |
| FCF LTM | 3,804 |
| FCF 3Y Avg | 3,836 |
| CFO LTM | 7,214 |
| CFO 3Y Avg | 7,119 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -5.5% |
| Rev Chg 3Y Avg | -6.1% |
| Rev Chg Q | -6.0% |
| QoQ Delta Rev Chg LTM | -1.5% |
| Op Mgn LTM | 12.9% |
| Op Mgn 3Y Avg | 14.8% |
| QoQ Delta Op Mgn LTM | -1.2% |
| CFO/Rev LTM | 20.2% |
| CFO/Rev 3Y Avg | 20.1% |
| FCF/Rev LTM | 12.7% |
| FCF/Rev 3Y Avg | 11.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 49.8 |
| P/S | 1.3 |
| P/EBIT | 9.5 |
| P/E | 12.9 |
| P/CFO | 4.9 |
| Total Yield | 9.3% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 12.4% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 18.5% |
| 3M Rtn | 22.2% |
| 6M Rtn | 42.7% |
| 12M Rtn | 45.4% |
| 3Y Rtn | 46.2% |
| 1M Excs Rtn | 18.3% |
| 3M Excs Rtn | 24.3% |
| 6M Excs Rtn | 37.4% |
| 12M Excs Rtn | 32.5% |
| 3Y Excs Rtn | -24.5% |
Price Behavior
| Market Price | $0.98 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/07/1984 | |
| Distance from 52W High | -50.5% | |
| 50 Days | 200 Days | |
| DMA Price | $1.10 | $1.19 |
| DMA Trend | down | down |
| Distance from DMA | -10.6% | -17.9% |
| 3M | 1YR | |
| Volatility | 64.8% | 69.8% |
| Downside Capture | 175.41 | 65.92 |
| Upside Capture | 55.46 | -2.70 |
| Correlation (SPY) | 24.7% | 6.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.09 | 1.57 | 1.51 | 1.01 | 0.19 | 0.32 |
| Up Beta | -3.01 | -0.76 | 1.41 | 0.54 | -0.23 | 0.22 |
| Down Beta | 5.13 | 2.51 | 1.73 | 2.07 | 0.72 | 0.66 |
| Up Capture | 253% | 95% | 76% | 47% | -2% | 0% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 19 | 25 | 53 | 95 | 316 |
| Down Capture | 349% | 196% | 183% | 82% | 67% | 67% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 16 | 28 | 54 | 126 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRN | |
|---|---|---|---|---|
| BRN | -47.2% | 69.4% | -0.64 | - |
| Sector ETF (XLE) | 25.2% | 25.2% | 0.85 | 24.6% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 6.6% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 14.4% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 30.5% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 8.5% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 14.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRN | |
|---|---|---|---|---|
| BRN | -20.6% | 71.9% | -0.03 | - |
| Sector ETF (XLE) | 24.1% | 26.4% | 0.82 | 31.1% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 10.4% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 13.4% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 28.6% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 6.9% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 3.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRN | |
|---|---|---|---|---|
| BRN | -4.8% | 112.7% | 0.36 | - |
| Sector ETF (XLE) | 11.2% | 29.6% | 0.42 | 17.7% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 6.9% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 2.8% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 13.4% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 4.7% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 5.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/19/2025 | 7.5% | 5.6% | 2.8% |
| 8/14/2025 | 1.3% | 3.1% | 3.1% |
| 5/15/2025 | -1.6% | 4.1% | 51.6% |
| 12/16/2024 | -4.5% | -5.1% | 5.8% |
| 8/13/2024 | 1.5% | -1.8% | -3.7% |
| 5/14/2024 | -2.4% | 3.5% | -6.7% |
| 12/18/2023 | 0.9% | 9.0% | 12.2% |
| 8/11/2023 | -2.7% | 5.9% | 5.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 12 |
| # Negative | 10 | 9 | 6 |
| Median Positive | 3.7% | 5.9% | 12.1% |
| Median Negative | -3.3% | -5.1% | -10.6% |
| Max Positive | 73.2% | 20.9% | 51.6% |
| Max Negative | -11.0% | -15.0% | -44.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 12/23/2025 | 10-K |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-Q |
| 09/30/2024 | 12/17/2024 | 10-K |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 12/18/2023 | 10-K |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-Q |
| 09/30/2022 | 12/29/2022 | 10-K |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 02/11/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sherwood, Ned L | MRMP-Managers LLC | Sell | 12042025 | 1.15 | 174,587 | 200,776 | 2,982,419 | Form | |
| 2 | Sherwood, Ned L | Ned L. Sherwood Revocable Trust | Sell | 12042025 | 1.14 | 13,743 | 15,667 | 255,696 | Form | |
| 3 | Sherwood, Ned L | MRMP-Managers LLC | Sell | 12042025 | 1.10 | 131,910 | 145,101 | 2,707,647 | Form | |
| 4 | Patman, Philip F Jr | Executive VP - Finance | Direct | Buy | 11262025 | 1.10 | 43,796 | 48,176 | 231,232 | Form |
| 5 | Grossman, Kenneth S | Direct | Buy | 11262025 | 1.10 | 59,563 | 65,519 | 298,763 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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