Barnwell Industries Sells Water Resources Subsidiary for $1.1 Million

MT Newswires Live

03/17

Barnwell Industries (BRN) said Monday it sold its subsidiary, Water Resources International, a company specializing in groundwater exploration and development in Hawaii, for $1.1 million.

The company said the sale, which is part of Barnwell's effort to streamline operations, will provide funds for reinvestment in its oil and gas business.

Water Resources, previously part of Barnwell's contract drilling segment, generated $3.2 million in revenue over the past year.

Barnwell Industries said the sale will help reduce general corporate expenses, simplify the company's structure and improve its financial position, which currently carries no bank debt.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2520545874"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2520545874\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2520545874?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-17 18:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520545874","market":"sh","top_or_hot":-1,"title":"Barnwell Industries Sells Water Resources Subsidiary for $1.1 Million","media":"MT Newswires Live","content":"<html><body><p> Barnwell Industries (BRN) said Monday it sold its subsidiary, Water Resources International, a company specializing in groundwater exploration and development in Hawaii, for $1.1 million.</p><p>The company said the sale, which is part of Barnwell's effort to streamline operations, will provide funds for reinvestment in its oil and gas business.</p><p>Water Resources, previously part of Barnwell's contract drilling segment, generated $3.2 million in revenue over the past year.</p><p>Barnwell Industries said the sale will help reduce general corporate expenses, simplify the company's structure and improve its financial position, which currently carries no bank debt.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Barnwell Industries Sells Water Resources Subsidiary for $1.1 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBarnwell Industries Sells Water Resources Subsidiary for $1.1 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-17 18:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Barnwell Industries (BRN) said Monday it sold its subsidiary, Water Resources International, a company specializing in groundwater exploration and development in Hawaii, for $1.1 million.</p><p>The company said the sale, which is part of Barnwell's effort to streamline operations, will provide funds for reinvestment in its oil and gas business.</p><p>Water Resources, previously part of Barnwell's contract drilling segment, generated $3.2 million in revenue over the past year.</p><p>Barnwell Industries said the sale will help reduce general corporate expenses, simplify the company's structure and improve its financial position, which currently carries no bank debt.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRN","symbol_name":"Barnwell Industries Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520545874","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520545874","pubTimestamp":1742208001,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Barnwell Industries  said Monday it sold its subsidiary, Water Resources International, a company specializing in groundwater exploration and development in Hawaii, for $1.1 million.The company said the sale, which is part of Barnwell's effort to streamline operations, will provide funds for reinvestment in its oil and gas business.Water Resources, previously part of Barnwell's contract drilling segment, generated $3.2 million in revenue over the past year.Barnwell Industries said the sale will help reduce general corporate expenses, simplify the company's structure and improve its financial position, which currently carries no bank debt.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRN":"Barnwell Industries Inc","BK4213":"石油与天然气的勘探与生产","BRN.AU":"BRAINCHIP HOLDINGS LTD","BK7016":"应用软件"},"translate_title":"Barnwell Industries以110万美元出售水资源子公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRN.AU":1,"BRN":1},"content_text":"Barnwell Industries (BRN) said Monday it sold its subsidiary, Water Resources International, a company specializing in groundwater exploration and development in Hawaii, for $1.1 million.The company said the sale, which is part of Barnwell's effort to streamline operations, will provide funds for reinvestment in its oil and gas business.Water Resources, previously part of Barnwell's contract drilling segment, generated $3.2 million in revenue over the past year.Barnwell Industries said the sale will help reduce general corporate expenses, simplify the company's structure and improve its financial position, which currently carries no bank debt.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}