New Concept Energy (GBR) Q2 2026 loss widens on higher admin costs
Rhea-AI Filing Summary
New Concept Energy, Inc. reported second quarter 2026 results for the period ended June 30, 2026. The company generated $41,000 in revenue, consisting of $26,000 of rental income and $15,000 of management fees, compared with $40,000 a year earlier.
Net loss from continuing operations widened to ($66,000) from ($18,000) in the prior-year quarter, mainly as corporate general and administrative expenses increased to $129,000 from $85,000. Interest income declined to $35,000 from $42,000. For the six months ended June 30, 2026, revenue was $80,000 and the net loss was ($80,000).
On the balance sheet, total assets were $4.53 million and total stockholders’ equity was $4.41 million as of June 30, 2026, with current assets of $369,000 versus current liabilities of $116,000.
Positive
- Total revenues were stable year over year at $41,000 vs. $40,000, with both rental income and management fees essentially flat, indicating no deterioration in the company’s modest operating revenue base.
- Stockholders’ equity remained strong at $4.41 million versus total liabilities of $116,000 as of June 30, 2026, reflecting a balance sheet with minimal debt and substantial equity relative to obligations.
Negative
- Net loss for the quarter increased to ($66,000) from ($18,000) a year earlier, as higher corporate general and administrative expenses outpaced essentially flat revenue and slightly lower interest income.
- Corporate general and administrative expenses rose to $129,000 from $85,000 in the prior-year quarter, increasing the cost base significantly relative to the company’s small revenue level.
Filing Explained
The furnished results show lower cash and higher current liabilities, while the disclosed common-share count remains unchanged at 5,131,934.
The
The company reports 5,131,934 common shares issued and outstanding at both dates, so the filing shows no change in the disclosed common-share count.
8-K Event Classification
2 items: 2.02, 99.2
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 99.2
Item 99.2
Key Figures
Q2 2026 Revenue: $41,000
Q2 2026 Net Loss: $66,000
Q2 2025 Net Loss: $18,000
+5 more
8 metrics
Q2 2026 Revenue
$41,000
Three months ended June 30, 2026; rental income $26,000 and management fees $15,000
Q2 2026 Net Loss
$66,000
Net loss from continuing operations for the three months ended June 30, 2026
Q2 2025 Net Loss
$18,000
Net loss from continuing operations for the three months ended June 30, 2025
Corporate G&A Q2 2026
$129,000
Corporate general and administrative expenses for the three months ended June 30, 2026
Total Assets
$4,527,000
Total assets as of June 30, 2026 on condensed consolidated balance sheet
Stockholders’ Equity
$4,411,000
Total stockholders’ equity as of June 30, 2026
Cash and Cash Equivalents
$304,000
Cash and cash equivalents as of June 30, 2026
Shares Outstanding
5,131,934 shares
Common stock issued and outstanding at June 30, 2026 and December 31, 2025
Key Terms
accumulated deficit, additional paid-in capital, weighted average common and equivalent shares outstanding, continuing operations, +1 more
5 terms
accumulated deficit financial
"Accumulated deficit | | | (59,220 | ) | | | (59,140 | )"
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.
additional paid-in capital financial
"Additional paid-in capital | | | 63,579 | | | | 63,579 |"
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.
continuing operations financial
"The Company reported a net loss from continuing operations of ($66,000)"
Continuing operations are the parts of a company's business that it expects to keep running into the future, excluding divisions or activities it has sold, closed, or classified as discontinued. Investors watch continuing operations because they show the company’s core ability to generate revenue and profit over time — like evaluating the healthy, ongoing crops on a farm rather than one-off harvests from fields you've already sold.
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (‘240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Earnings Snapshot
Q2 2026 Revenue: $41,000
Quarter and six months ended June 30, 2026
Q2 2026 Revenue
$41,000
Up from $40,000 in Q2 2025
Q2 2026 Net Loss
$66,000
Worse than $18,000 net loss in Q2 2025
Six Months 2026 Net Loss
$80,000
Worse than $38,000 net loss for six months 2025
FAQ
How did New Concept Energy (GBR) perform financially in Q2 2026?
New Concept Energy reported a Q2 2026 net loss of ($66,000) versus ($18,000) in Q2 2025, on revenue of $41,000 compared with $40,000 a year earlier, reflecting higher operating costs against largely flat revenue.
What were New Concept Energy’s revenues in the second quarter of 2026?
New Concept Energy generated $41,000 in Q2 2026 revenue, including $26,000 in rental income and $15,000 in management fees. In Q2 2025, revenue was $40,000, with $26,000 rental income and $14,000 management fees.
How did expenses change for New Concept Energy (GBR) in Q2 2026?
Corporate general and administrative expenses increased to $129,000 in Q2 2026 from $85,000 in Q2 2025. Total operating expenses rose to $142,000 from $100,000, contributing to a larger operating loss despite nearly unchanged revenue.
What was New Concept Energy’s net loss for the first half of 2026?
For the six months ended June 30, 2026, New Concept Energy reported a net loss of ($80,000), compared with a net loss of ($38,000) for the same period in 2025, on revenue of $80,000 vs. $78,000 respectively.
What does New Concept Energy’s balance sheet look like as of June 30, 2026?
As of June 30, 2026, New Concept Energy reported total assets of $4.53 million and stockholders’ equity of $4.41 million. Current assets were $369,000 versus current liabilities of $116,000, indicating a sizeable equity cushion and limited liabilities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
