Lower prices for oil and natural gas hurt earnings for Honolulu-based Barnwell Industries Inc. in the three months ended Sept. 30.

The company engaged in energy exploration in Canada and real estate investment and development in Hawai'i reported a net loss of $4.6 million, or 55 cents per share, for the company’s fiscal fourth quarter, compared with a profit of $3.2 million, or 38 cents per share, in the same period last year.
For the entire fiscal year Barnwell said it lost $24.4 million, or $2.96 per share. That compared with a profit of $3.2 million, or 38 cents per share for the previous fiscal year.