Welcome to our dedicated page for New Concep news (Ticker: GBR), a resource for investors and traders seeking the latest updates and insights on New Concep stock.
New Concept Energy, Inc. (NYSE American: GBR) is a Dallas-based company that owns real estate in West Virginia and provides management services for a third-party oil and gas company. Its news flow is centered on periodic financial updates that detail rent from its West Virginia property, management fee revenue from oil and gas operations, and interest income from a related-party note receivable.
On this page, readers can follow GBR news such as quarterly earnings releases, full-year results, and related announcements that the company also reports in its Form 8-K filings. These updates typically include information on rental income, management fees tied to oil and gas revenue, operating expenses for the real estate property, corporate general and administrative costs, and interest income.
New Concept Energy’s releases often explain changes in management fee revenue by referencing movements in oil and gas prices and the resulting revenue from the managed operations. Annual results discuss performance over the full year, including rent from the leased property, management fees under the oil and gas management agreement, operating expenses, and other income items.
Investors and followers of GBR can use this news feed to review how the company’s rental and management activities, as well as interest income from a related-party note, contribute to net income or loss each period. Regularly checking this page provides a consolidated view of the company’s publicly released financial information and related corporate updates.
New Concept Energy (NYSE American: GBR) reported third quarter results for the period ended September 30, 2025. The company posted a net loss of $20,000 for Q3 2025 versus a $4,000 loss in Q3 2024. Q3 2025 revenue was $39,000 (rent $26,000; management fees $13,000) versus $37,000 in Q3 2024.
Corporate general and administrative expenses were $88,000 in Q3 2025 compared with $79,000 a year earlier. Interest income declined to $43,000 from $52,000. Total assets were $4.542 million and cash and equivalents were $307,000 at September 30, 2025.
New Concept Energy (NYSE American: GBR) reported its Q2 2025 financial results, posting a net loss of ($18,000) compared to a net income of $3,000 in Q2 2024. The Dallas-based real estate company saw total revenue increase to $40,000, up from $37,000 in the same period last year, comprising $26,000 in rental income and $14,000 in management fees.
Corporate general & administrative expenses rose to $85,000 from $78,000 year-over-year, while interest income decreased to $42,000 from $56,000. The company's balance sheet showed total assets of $4.57 million as of June 30, 2025, including a significant note receivable of $3.54 million.
New Concept Energy (NYSE American: GBR) reported its Q1 2025 financial results, showing a net loss of ($20,000) compared to a net income of $2,000 in Q1 2024. Total revenue for Q1 2025 was $38,000, consisting of $26,000 in rental income and $12,000 in management fees. Corporate general & administrative expenses increased to $89,000 from $78,000 in the previous year.
The company, based in Dallas, owns real estate in West Virginia and provides management services for a third-party oil and gas company. As of March 31, 2025, NCE reported total assets of $4.57 million, with cash and cash equivalents of $333,000 and a note receivable of $3.54 million.
New Concept Energy (NYSE American: GBR) reported its Q4 and full-year 2024 financial results. The company reduced its net loss to $19,000 in Q4 2024 from $39,000 in Q4 2023. For the full year 2024, net loss improved to $18,000 compared to $21,000 in 2023.
Key financial highlights for 2024:
- Rental revenue remained stable at $101,000
- Oil and gas management fees decreased to $45,000 from $51,000 due to lower oil and gas prices
- Operating expenses for real estate decreased to $48,000 from $57,000
- General and administrative expenses slightly decreased to $335,000 from $338,000
- Interest income declined to $213,000 from $222,000
The Dallas-based company owns 191 acres in Parkersburg, West Virginia, featuring four structures totaling approximately 53,000 square feet.
New Concept Energy (NYSE American: GBR) reported Q3 2024 financial results with a net loss of ($4,000), compared to net income of $7,000 in Q3 2023. Total revenue increased slightly to $37,000, including $26,000 from rental revenue and $11,000 from management fees. Corporate G&A expenses rose to $79,000 from $70,000 year-over-year, while interest income decreased to $52,000 from $57,000. The company's balance sheet shows total assets of $4.617 million, including $430,000 in cash and cash equivalents, and a note receivable from a related party of $3.542 million.
New Concept Energy (NYSE American: GBR) reported its Q2 2024 results, showing a net income of $3,000 compared to a net loss of $6,000 in Q2 2023. Revenue increased slightly to $37,000, including $25,000 from rental income and $12,000 in management fees. Corporate G&A expenses decreased to $78,000 from $81,000 year-over-year. Interest income rose to $56,000 from $54,000. The company's balance sheet as of June 30, 2024, showed total assets of $4.62 million, with $416,000 in cash and cash equivalents. NCE owns real estate in West Virginia and provides management services for a third-party oil and gas company.
New Concept Energy, Inc. reported its first-quarter 2024 results, showing net income applicable to common shares of $2,000, a decrease from $17,000 in the same period in 2023. Revenue for the quarter was $36,000, with $25,000 from rental income and $11,000 from management fees. The company's corporate general & administrative expenses increased to $78,000 compared to $68,000 in 2023. Interest income for the quarter was $57,000. New Concept Energy, Inc. is a Dallas-based company with real estate holdings in West Virginia and provides management services for an oil and gas company.
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