Company Website:
http://www.newconceptenergy.com/
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
|
|
| | | | | | | |
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
Source: New Concept Energy, Inc.
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