GBR New Concept Energy, Inc.

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New Concept Energy, Inc. Reported Earnings

Monday, August 10, 2026 · 5:00 PM ET

New Concept Energy, Inc. (GBR) reported a loss of $0.01 per share on revenue of $0.04 million for the . . Revenue grew 2.50% on a year-over-year basis.

New Concept Energy, Inc. is a Dallas-based company which owns 190 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet.

Earnings Whisper Grade —
Power Rating—
Reported Earnings
($0.01)
Earnings Whisper®
—
Consensus Estimate
—
Earnings Surprise
Earnings Growth—
Reported Revenue
$0.04M
Revenue Estimate
—
Revenue Surprise
Revenue Growth2.5 %

New Concept Energy, Inc. Reports Second Quarter 2026 Results

Monday, August 10, 2026 · 5:00 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 second quarter ended June 30, 2026.

The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.

For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees.

For the three months ended June 30, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025.

For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025.

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)
 
June 30,
2026		December 31,
2025
(Unaudited)(Audited)
Assets
 
Current assets
Cash and cash equivalents

$

304

$

383

Other current assets

 

65

 

13

Total current assets

 

369

 

396

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

 

616

 

622

 
Note and interest receivable - related party
Note receivable

 

3,542

 

3,542

Interest receivable

 

-

 

-

 

3,542

 

3,542

 
Total assets

$

4,527

$

4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(amounts in thousands, except share and par value amount)
 
June 30,
2026		December 31,
2025
(Unaudited)(Audited)
Liabilities and stockholders' equity
 
Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)

$

47

 

$

26

 

Accrued expenses

 

69

 

 

43

 

Total current liabilities

 

116

 

 

69

 

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

 

1

 

 

1

 

outstanding at June 30, 2026 and December 31, 2025
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 5,131,934 shares
at June 30, 2026 and December 31, 2025

 

51

 

 

51

 

Additional paid-in capital

 

63,579

 

 

63,579

 

Accumulated deficit

 

(59,220

)

 

(59,140

)

 
Total stockholders' equity

 

4,411

 

 

4,491

 

 
Total liabilities and stockholders' equity

$

4,527

 

$

4,560

 

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

For the Three Months
ended June 30,

 

For the Six Months
ended June 30,

 

 

 

 

 

 

 

 

2026

 

 

 

2025

 

 

 

2026

 

 

 

2025

 

Revenue
Rent

$

26

 

$

26

 

$

52

 

$

52

 

Management fee

 

15

 

 

14

 

 

28

 

 

26

 

Total revenues

 

41

 

 

40

 

 

80

 

 

78

 

 
 
Operating expenses
Operating expenses

 

13

 

 

15

 

 

26

 

 

27

 

Corporate general and administrative

 

129

 

 

85

 

 

206

 

 

174

 

Total operating expenses

 

142

 

 

100

 

 

232

 

 

201

 

 
Loss from operations

 

(101

)

 

(60

)

 

(152

)

 

(123

)

 
Other income
Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)

 

35

 

 

42

 

 

72

 

 

85

 

Total other income

 

35

 

 

42

 

 

72

 

 

85

 

 
Net income (loss) applicable to common shares

$

(66

)

$

(18

)

$

(80

)

$

(38

)

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

$

(0.01

)

$

(0.00

)

$

(0.02

)

$

(0.00

)

 
Weighted average common and equivalent shares outstanding - basic and diluted

 

5,132

 

 

5,132

 

 

5,132

 

 

5,132

 

 

 

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

Source: New Concept Energy, Inc.