Financial News
New Concept Energy, Inc. Reports Second Quarter 2026 Results
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
|
|
For the Six Months
|
|||||||||||||
|
|
|
|
|
|
|
|||||||||
|
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 |
|
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260810873289/en/
Contacts
New Concept Energy, Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
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