Energy News

Barnwell Industries reports reduced net loss in Q4

Barnwell Industries, Inc. (NYSE: BRN) saw a net loss of $414,000, or $0.05 per share, for the three months ending in December 2019, the drilling oil and gas wells company announced this week.

The net loss signals somewhat good news for the company, after suffering a net loss of $4.6 million, or $0.56 per share at the same time in the year prior.

Alexander Kinzler, CEO of Barnwell, said in a statement that the reduction in the company’s loss for the quarter was in part due to a $1.1 million improvement…