New Concept Energy, Inc. Reports Third Quarter 2026 Results
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 |
| |||
Contacts
New Concept Energy Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
Mentioned In This Article
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