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 third quarter ended September 30, 2026.
The Company reported a net loss of ($11,000) for the three months ended September 30, 2026, as compared to a net loss of ($20,000) for the similar period in 2025.
For the three months ended September 30, 2026 the Company had revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees as compared to revenue of $39,000 including $26,000 for rental revenue and $13,000 for management fees for the comparative period in 2025.
For the three months ended September 30, 2026, corporate general & administrative expenses were $69,000 as compared to $88,000 for the comparable periods in 2025.
For the three months ended September 30, 2026, interest income was $36,000 as compared to $43,000 for the comparable periods in 2025.
In September 2026 the Company issued 2 million shares of stock raising $2 million in cash which will be used for future investments.
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) |
| | | | |
| | September 30, 2026 |
| December 31, 2025 |
| | (Unaudited) |
| (Audited) |
| Assets | | | | |
| | | | |
| Current assets | | | | |
| Cash and cash equivalents | |
$
|
2,263
| |
$
|
383
|
| Other current assets | |
|
30
| |
|
13
|
| Total current assets | |
|
2,293
| |
|
396
|
| | | | |
| Property and equipment, net of depreciation | | | | |
| Land, buildings and equipment | |
|
612
| |
|
622
|
| | | | |
| Note receivable | |
|
3,542
| |
|
3,542
|
| | | | |
| Total assets | |
$
|
6,447
| |
$
|
4,560
|
| |
| NEW CONCEPT ENERGY, INC. AND SUBSIDIARY |
| CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED |
| (amounts in thousands, except share and par value amount) |
| | | | |
| | September 30,
2026 | | December 31,
2025 |
| | (Unaudited) | | (Audited) |
| Liabilities and stockholders' equity | | | | |
| | | | |
| Current liabilities | | | | |
| Accounts payable (including $6 due to related parties in 2026 and 2025) | |
$
|
32
|
| |
$
|
26
|
|
| Accrued expenses | |
|
41
|
| |
|
43
|
|
| Total current liabilities | |
|
73
|
| |
|
69
|
|
| | | | |
| Stockholders' equity | | | | |
| Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at September 30, 2026 and December 31, 2025 | |
|
1
|
| |
|
1
|
|
| Common stock, $.01 par value; authorized, 100,000,000 at September 30, 2026 shares; issued and outstanding, 7,131,934 shares at September 30, 2026 and 5,131,934 at December 31, 2025, respectively | |
|
71
|
| |
|
51
|
|
| Additional paid-in capital | |
|
65,533
|
| |
|
63,579
|
|
| Accumulated deficit | |
|
(59,231
|
)
| |
|
(59,140
|
)
|
| Total stockholders' equity | |
|
6,374
|
| |
|
4,491
|
|
| | | | |
| Total liabilities and stockholders' equity | |
$
|
6,447
|
| |
$
|
4,560
|
|
| |
| NEW CONCEPT ENERGY, INC. AND SUBSIDIARY |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
| (Unaudited) |
| (amounts in thousands, except per share data) |
| | | | | | | |
| For the Three Months ended September 30, |
| For the Nine Months ended September 30, |
|
|
|
|
|
|
|
|
| 2026 |
| 2025 |
| 2026 |
| 2025 |
| Revenue | | | | | | | |
| Rent |
$
|
26
|
| |
$
|
26
|
| |
$
|
78
|
| |
$
|
78
|
|
| Management Fee |
|
11
|
| |
|
13
|
| |
|
39
|
| |
|
39
|
|
| Total Revenues |
|
37
|
| |
|
39
|
| |
|
117
|
| |
|
117
|
|
| | | | | | | |
| Operating Expenses | | | | | | | |
| Operating Expenses |
|
15
|
| |
|
14
|
| |
|
41
|
| |
|
41
|
|
| Corporate general and administrative |
|
69
|
| |
|
88
|
| |
|
275
|
| |
|
262
|
|
| Total Operating Expenses |
|
84
|
| |
|
102
|
| |
|
316
|
| |
|
303
|
|
| | | | | | | |
| Loss from operations |
|
(47
|
)
| |
|
(63
|
)
| |
|
(199
|
)
| |
|
(186
|
)
|
| | | | | | | |
| Other Income | | | | | | | |
| Interest income |
|
36
|
| |
|
43
|
| |
|
108
|
| |
|
128
|
|
| Total Other Income |
|
36
|
| |
|
43
|
| |
|
108
|
| |
|
128
|
|
| | | | | | | |
| Net income (loss) applicable to common shares |
$
|
(11
|
)
| |
$
|
(20
|
)
| |
$
|
(91
|
)
| |
$
|
(58
|
)
|
| | | | | | | |
| Net income (loss) per common share-basic and diluted |
$
|
0.01
|
| |
$
|
(0.01
|
)
| |
$
|
(0.01
|
)
| |
$
|
(0.01
|
)
|
| | | | | | | |
| Weighted average common and equivalent shares outstanding - basic and diluted |
|
5,242
|
| |
|
5,132
|
| |
|
5,458
|
| |
|
5,132
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20261112132131/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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