{"id":2699,"date":"2026-05-08T02:15:00","date_gmt":"2026-05-08T00:15:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=411dec15dd2815e2a87597d79dcdd81f"},"modified":"2026-05-08T02:15:00","modified_gmt":"2026-05-08T00:15:00","slug":"new-concept-energy-inc-reports-first-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=2699","title":{"rendered":"New Concept Energy, Inc. Reports First Quarter 2026 Results"},"content":{"rendered":"

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR), (the \u201cCompany\u201d or \u201cNCE\u201d) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026.<\/p><\/a><\/a>

\nThe 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.<\/p>

\nFor 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.<\/p>

\nFor 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.<\/p>

\nAbout New Concept Energy, Inc.<\/i><\/b><\/p>

\nNew 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\u2019s website at www.newconceptenergy.com<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY<\/b><\/td>\n<\/tr>\n
CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n
(amounts in thousands)<\/b><\/td>\n<\/tr>\n
\n<\/tr>\n
\nMarch 31, 2026<\/b><\/td>\n\nDecember 31, 2025<\/b><\/td>\n<\/tr>\n
\n(Unaudited)<\/b><\/td>\n\n(Audited)<\/b><\/td>\n<\/tr>\n
Assets<\/b><\/td>\n\n\n\n<\/tr>\n
Current assets<\/b><\/td>\n\n\n\n<\/tr>\n
Cash and cash equivalents<\/td>\n

\n$<\/p><\/td>

\n318<\/p><\/td>

\n\n

\n$<\/p><\/td>

\n383<\/p><\/td>

\n<\/tr>\n
Other current assets<\/td>\n

\n\u00a0<\/p><\/td>

\n62<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n13<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total current assets<\/b><\/td>\n

\n\u00a0<\/p><\/td>

\n380<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n396<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net of depreciation<\/b><\/td>\n\n\n\n<\/tr>\n
Land, buildings and equipment<\/td>\n

\n\u00a0<\/p><\/td>

\n619<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n622<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
Note and interest receivable - related party<\/b><\/td>\n\n\n\n<\/tr>\n
Note receivable<\/td>\n

\n\u00a0<\/p><\/td>

\n3,542<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,542<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Interest receivable<\/td>\n

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n

\n\u00a0<\/p><\/td>

\n3,542<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n3,542<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/b><\/td>\n

\n$<\/p><\/td>

\n4,541<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n4,560<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY<\/b><\/td>\n<\/tr>\n
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED<\/b><\/td>\n<\/tr>\n
(dollars in thousands, except per share value amounts)<\/b><\/td>\n<\/tr>\n
\n<\/tr>\n
\n\n\n\u00a0<\/td>\n<\/tr>\n
\nMarch 31, 2026<\/b><\/td>\n\nDecember 31, 2025<\/b><\/td>\n<\/tr>\n
\n(Unaudited)<\/b><\/td>\n\n(Audited)<\/b><\/td>\n<\/tr>\n
Liabilities and stockholders' equity<\/b><\/td>\n\n\n\n<\/tr>\n
\n\n\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/b><\/td>\n\n\n\n<\/tr>\n
Accounts payable (including $8 due to related parties in 2026 and 2025)<\/td>\n

\n$<\/p><\/td>

\n25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n26<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Accrued expenses<\/td>\n

\n\u00a0<\/p><\/td>

\n39<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n43<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total current liabilities<\/b><\/td>\n

\n\u00a0<\/p><\/td>

\n64<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n69<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\u00a0<\/td>\n<\/tr>\n
Stockholders' equity<\/b><\/td>\n\n\n\n<\/tr>\n
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and<\/td>\n

\n\u00a0<\/p><\/td>

\n1<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n1<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

outstanding at March 31, 2026 and December 31, 2025<\/td>\n\n\n\n<\/tr>\n
Common stock, $.01 par value; authorized, 100,000,000<\/td>\n\n\n\n<\/tr>\n
shares; issued and outstanding, 5,131,934 shares<\/td>\n\n\n\n<\/tr>\n
at March 31, 2026 and December 31, 2025<\/td>\n

\n\u00a0<\/p><\/td>

\n51<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n51<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Additional paid-in capital<\/td>\n

\n\u00a0<\/p><\/td>

\n63,579<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n63,579<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Accumulated deficit<\/td>\n

\n\u00a0<\/p><\/td>

\n(59,154<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(59,140<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

Total stockholders' equity<\/td>\n

\n\u00a0<\/p><\/td>

\n4,477<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n4,491<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders' equity<\/b><\/td>\n

\n$<\/p><\/td>

\n4,541<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n4,560<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY<\/b><\/td>\n<\/tr>\n
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/td>\n<\/tr>\n
(amounts in thousands, except per share data)<\/b><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
\n

\nThree Months ended March 31,<\/b><\/p><\/td><\/tr>\n

\n

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n2025<\/b><\/p><\/td><\/tr>\n

\n(Unaudited)<\/b><\/td>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n
\n\n\n\n<\/tr>\n
Revenue<\/b><\/td>\n\n\n\n<\/tr>\n
Rent<\/td>\n

\n$<\/p><\/td>

\n26<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n$<\/p><\/td>

\n26<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Management fees<\/td>\n

\n\u00a0<\/p><\/td>

\n13<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n12<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total Revenues<\/b><\/td>\n

\n\u00a0<\/p><\/td>

\n39<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n38<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Operating Expenses<\/b><\/td>\n\n\n\n<\/tr>\n
Operating expenses<\/td>\n

\n\u00a0<\/p><\/td>

\n13<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n12<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Corporate general and administrative<\/td>\n

\n\u00a0<\/p><\/td>

\n77<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n89<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total Operating Expenses<\/td>\n

\n\u00a0<\/p><\/td>

\n90<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n101<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Loss from operations<\/td>\n

\n\u00a0<\/p><\/td>

\n(51<\/p><\/td>

\n)<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n(63<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Other Income<\/b><\/td>\n\n\n\n<\/tr>\n
Interest income ($34 and $39 from related parties in 2026 and 2025)<\/td>\n

\n\u00a0<\/p><\/td>

\n37<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n43<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

Total Other Income<\/b><\/td>\n

\n\u00a0<\/p><\/td>

\n37<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n43<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Net income (loss) applicable to common shares<\/b><\/td>\n

\n$<\/p><\/td>

\n(14<\/p><\/td>

\n)<\/p><\/td>

\n

\n$<\/p><\/td>

\n(20<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Net income (loss) per common share-basic and diluted<\/b><\/td>\n

\n$<\/p><\/td>

\n(0.01<\/p><\/td>

\n)<\/p><\/td>

\n

\n$<\/p><\/td>

\n(0.01<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\n\n\n\n<\/tr>\n
Weighted average common and equivalent shares outstanding - basic and diluted<\/b><\/td>\n

\n\u00a0<\/p><\/td>

\n5,132<\/p><\/td>

\n\u00a0<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n5,132<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\n\u00a0<\/p> Contacts<\/b>

\nNew Concept Energy, Inc.\nGene Bertcher, (800) 400-6407\ninfo@newconceptenergy.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

DALLAS–(BUSINESS WIRE)–New Concept Energy, Inc. (NYSE American: GBR), (the \u201cCompany\u201d or \u201cNCE\u201d) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026.
\nThe Company reported a net loss from continuing op…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2699","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2699"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2699\/revisions"}],"predecessor-version":[{"id":2700,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2699\/revisions\/2700"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}