New Concept Energy, Inc. Reports Third Quarter 2026 Results

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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/

New Concept Energy Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com

Source: New Concept Energy, Inc.

Key Terms

par value financial

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

additional paid-in capital financial

Amount of money shareholders have paid to a company for shares that is above the stock’s nominal or par value; think of it as the extra premium paid when a group buys a ticket that has a low listed price. It matters to investors because it represents permanent capital on the balance sheet that can cushion losses, affect book value per share and indicate how much fresh cash equity holders have contributed beyond the minimum share value.

accumulated deficit financial

Accumulated deficit is the running total of a company’s past net losses minus any profits, showing how much the business has eaten into its own funds over time—think of it like a bank account that’s been overdrawn by repeated shortfalls. It matters to investors because a large accumulated deficit reduces the cushion that protects owners and creditors, can limit dividends or borrowing, and signals how much funding the company may need to reach profitability.