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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Barnwell Industries's retained earnings for the quarter that ended in Jun. 2026 was $-9.52 Mil.
Barnwell Industries's quarterly retained earnings
declined
from Dec. 2025 ($-7.93 Mil) to Mar. 2026 ($-9.08 Mil) and
declined
from Mar. 2026 ($-9.08 Mil) to Jun. 2026 ($-9.52 Mil).
Barnwell Industries's annual retained earnings
declined
from Sep. 2023 ($6.16 Mil) to Sep. 2024 ($0.60 Mil) and
declined
from Sep. 2024 ($0.60 Mil) to Sep. 2025 ($-6.51 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Barnwell Industries Retained Earnings Historical Data
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The historical data trend for Barnwell Industries's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Barnwell Industries (BRN) has a Retained Earnings of $-9.52 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Barnwell Industries and its competitors.
Is Barnwell Industries' Retained Earnings too high?
Barnwell Industries' current Retained Earnings is $-9.52 Mil. Overall, Barnwell Industries has a GF Score™ of 31/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barnwell Industries' Retained Earnings compare to NRIS and TPET?
Barnwell Industries' Retained Earnings of $-9.52 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Barnwell Industries and its competitors. Barnwell Industries's current Retained Earnings is $-9.52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barnwell Industries stock overvalued right now?
Based on GuruFocus' analysis, Barnwell Industries (BRN) is currently considered Fairly Valued. The stock's GF Value™ is $0.90, compared to a current price of $0.97 — trading 7.3% above its estimated fair value. The current Retained Earnings is $-9.52 Mil. Barnwell Industries' overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Barnwell Industries (BRN), the current Retained Earnings is $-9.52 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Barnwell Industries (BRN) Overvalued in 2026?
Based on GuruFocus' analysis, Barnwell Industries stock appears to be overvalued.
The current stock price of $0.97 is trading 7.3% above its estimated GF Value™ of $0.90.
GuruFocus considers Barnwell Industries to be Fairly Valued.
Key valuation signals for BRN:
Retained Earnings: $-9.52 Mil
GF Value™: $0.90 vs. price of $0.97 (7.3% above fair value)
No single metric tells the full story. See the BRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barnwell Industries Inc is an oil and gas company engaged in the acquisition, development, production, and sale of crude oil and natural gas. The Company operates through two segments: the Oil and Natural Gas segment, which focuses on oil and natural gas development, production, acquisitions, and sales in the United States and Canada; and the Land Investment segment, which owns leasehold land interests in Hawaii. The Company generates the majority of its revenue from the Oil and Natural Gas segment. The company operates in two geographic regions, the United States and Canada, with Canada contributing the majority of revenue.
31GF Score
Get the complete analysis for BRN
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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