GBR New Concept Energy, Inc.

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$0.71

New Concept Energy, Inc. Reports First Quarter 2026 Results

Thursday, May 7, 2026 · 5:15 PM ET Business Wire

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026.

The Company reported a net loss from continuing operations of ($14,000) for three months ended March 31, 2026, as compared to a net loss of ( $20,000) for the similar period in 2025.

For the three months ended March 31,2026 the Company had revenue of $39,000 including $26,000 for rental income and $13,000 in management fees. For the three months ended March 31,2025 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees.

For the three months ended March 31, 2026, corporate general & administrative expenses were $77,000 as compared to $89,000 for the comparable period in 2025.

About New Concept Energy, Inc.

New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
March 31, 2026December 31, 2025
(Unaudited)(Audited)
Assets
Current assets
Cash and cash equivalents

$

318

$

383

Other current assets

 

62

 

 

13

 

Total current assets

 

380

 

 

396

 

 
Property and equipment, net of depreciation
Land, buildings and equipment

 

619

 

 

622

 

 
Note and interest receivable - related party
Note receivable

 

3,542

 

 

3,542

 

Interest receivable

 

-

 

 

-

 

 

3,542

 

 

3,542

 

 
Total assets

$

4,541

 

$

4,560

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(dollars in thousands, except per share value amounts)
 
March 31, 2026December 31, 2025
(Unaudited)(Audited)
Liabilities and stockholders' equity
 
Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)

$

25

 

$

26

 

Accrued expenses

 

39

 

 

43

 

Total current liabilities

 

64

 

 

69

 

 
 
Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and

 

1

 

 

1

 

outstanding at March 31, 2026 and December 31, 2025
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 5,131,934 shares
at March 31, 2026 and December 31, 2025

 

51

 

 

51

 

Additional paid-in capital

 

63,579

 

 

63,579

 

Accumulated deficit

 

(59,154

)

 

(59,140

)

Total stockholders' equity

 

4,477

 

 

4,491

 

 
Total liabilities and stockholders' equity

$

4,541

 

$

4,560

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)

Three Months ended March 31,

2026

 

2025

(Unaudited)(Unaudited)
Revenue
Rent

$

26

 

$

26

 

Management fees

 

13

 

 

12

 

Total Revenues

 

39

 

 

38

 

Operating Expenses
Operating expenses

 

13

 

 

12

 

Corporate general and administrative

 

77

 

 

89

 

Total Operating Expenses

 

90

 

 

101

 

Loss from operations

 

(51

)

 

(63

)

Other Income
Interest income ($34 and $39 from related parties in 2026 and 2025)

 

37

 

 

43

 

Total Other Income

 

37

 

 

43

 

Net income (loss) applicable to common shares

$

(14

)

$

(20

)

Net income (loss) per common share-basic and diluted

$

(0.01

)

$

(0.01

)

Weighted average common and equivalent shares outstanding - basic and diluted

 

5,132

 

 

5,132

 

 

New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com

Source: New Concept Energy, Inc.

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