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
