Barnwell Industries, Inc. (NYSE American: BRN) has reported a significant cash distribution of approximately $290,000 received from its minority partnership interests in the Kukio Resort land development partnerships in Hawaii. This announcement was made in a press release dated March 23, 2026, which also provided a corporate update regarding the company's asset base and ongoing value-maximization efforts. The Kukio Resort is a high-end residential community located on the Kona coast of Hawaii, and Barnwell's investments in this development allow the company to participate in the value created through the development and sale of luxury residential real estate within the Kukio project. Philip Patman, Jr., Chief Financial Officer of Barnwell Industries, emphasized that this distribution highlights the continued value embedded in the company's Kukio real estate segment. He noted that while these cash flows can be episodic, they represent an additional source of value alongside the company's core energy operations. Barnwell is actively monitoring and evaluating opportunities to maximize the value of its diverse asset base, which includes its real estate interests and Canadian energy assets. The company has also commenced a process to solicit and evaluate indications of interest from potential counterparties, aiming to confirm and potentially realize fair value for those assets in light of current market conditions. Barnwell remains committed to disciplined capital allocation and maximizing shareholder value, with plans to provide updates as appropriate.

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