{"id":960272,"date":"2026-05-07T18:56:12","date_gmt":"2026-05-07T22:56:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-concept-energy-inc-reports-first-quarter-2026-results\/"},"modified":"2026-05-07T18:56:12","modified_gmt":"2026-05-07T22:56:12","slug":"new-concept-energy-inc-reports-first-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-concept-energy-inc-reports-first-quarter-2026-results\/","title":{"rendered":"New Concept Energy, Inc. Reports First Quarter 2026 Results"},"content":{"rendered":"

<\/p>\n

New Concept Energy, Inc. Reports First Quarter 2026 Results<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nNew 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>\n

\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>\n

\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>\n

\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>\n

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

\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\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
<\/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<\/tr>\n
Current assets<\/b><\/td>\n\n\n<\/tr>\n
Cash and cash equivalents<\/td>\n\n

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

\n

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

\n\n\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Interest receivable<\/td>\n\n

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

\n

\n–<\/p>\n<\/td>\n

\n

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

\n\n

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

\n

\n–<\/p>\n<\/td>\n

\n

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

\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

\n\u00a0<\/p>\n<\/td>\n<\/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
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
<\/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<\/tr>\n
\n\n\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/b><\/td>\n\n\n<\/tr>\n
Accounts payable (including $8 due to related parties in 2026 and 2025)<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Accrued expenses<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Accumulated deficit<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Total stockholders’ equity<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

\n\n

2026<\/b><\/p>\n<\/td>\n

\n

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

\n

2025<\/b><\/p>\n<\/td>\n<\/tr>\n

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Management fees<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Corporate general and administrative<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

Total Operating Expenses<\/td>\n\n

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

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

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

\n

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

\n

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

\n\n

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

\n

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

\n

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

\n\u00a0<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260507186152\/en\/<\/a><\/span><\/p>\n

\nNew Concept Energy, Inc.
\n
Gene Bertcher, (800) 400-6407
\n
info@newconceptenergy.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Other Construction & Property Oil\/Gas Energy Finance Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

New Concept Energy, Inc. Reports First Quarter 2026 Results 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. The 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. For 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. For the three … <\/p>\n

Continue reading “New Concept Energy, Inc. Reports First Quarter 2026 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-960272","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNew Concept Energy, Inc. Reports First Quarter 2026 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-concept-energy-inc-reports-first-quarter-2026-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Concept Energy, Inc. Reports First Quarter 2026 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Concept Energy, Inc. Reports First Quarter 2026 Results 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. The 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. For 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. For the three … Continue reading "New Concept Energy, Inc. Reports First Quarter 2026 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-concept-energy-inc-reports-first-quarter-2026-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-07T22:56:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260507186152r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-concept-energy-inc-reports-first-quarter-2026-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-concept-energy-inc-reports-first-quarter-2026-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Concept Energy, Inc. 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Reports First Quarter 2026 Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/new-concept-energy-inc-reports-first-quarter-2026-results\/","og_locale":"en_US","og_type":"article","og_title":"New Concept Energy, Inc. Reports First Quarter 2026 Results - Market Newsdesk","og_description":"New Concept Energy, Inc. Reports First Quarter 2026 Results 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. The 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. For 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. For the three … Continue reading \"New Concept Energy, Inc. 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