New Concept Energy posts higher Q2 2026 net loss

New Concept Energy, Inc. reported second quarter 2026 results for the period ended June 30, 2026.

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 August 10, 2026 Form 8-K furnishes New Concept Energy’s second-quarter results under Item 2.02; the company states that this information is furnished rather than treated as filed under Section 18 unless incorporated by reference.

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

Item 2.02 — Results of Operations and Financial Condition

1 item

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

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.

weighted average common and equivalent shares outstanding financial

"Weighted average common and equivalent shares outstanding - basic and diluted | | | 5,132"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many shares of New Concept Energy common stock were outstanding in mid-2026?

New Concept Energy had 5,131,934 common shares issued and outstanding at June 30, 2026. The weighted average common and equivalent shares outstanding for earnings per share calculations were 5,132 thousand for each period presented.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

Date of Report (Date of earliest event reported): August 10, 2026

NEW CONCEPT ENERGY, INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada	000-08187	75-2399477
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
1603 LBJ Freeway, Suite 300 Dallas, Texas		75234
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 972-407-8400

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 30.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on which Registered
Common Stock, par value $0.01	GBR	NYSE American

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (‘230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (‘240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨

Section 2 – Financial Information Statements

Item 2.02. Results of Operations and Financial Condition.

On August 10, 2026, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended June 30, 2026. A copy of the announcement is attached as Exhibit “99.1.”

The information furnished pursuant to Item 2.02 in this Form 8-K, including Exhibit “99.1” attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no duty or obligation to publicly update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.

Section 9 – Financial Statements and Exhibits

Item 99.2 Financial Statements and Exhibits.

(d)       Exhibits.       The following exhibit is furnished with this Report:

Exhibit Designation		Description
99.1*		Press Release, dated August 10, 2026

_________________________

* Furnished herewith

Dated: August 11, 2026.

	NEW CONCEPT ENERGY, INC.
	By:	/s/ Gene S. Bertcher
		Gene S. Bertcher, President, Chief
		Executive Officer and Chief Financial
		Officer

Exhibit 99.1

NEWS RELEASE   FOR IMMEDIATE RELEASE   Contact:   New Concept Energy, Inc. Investor Relations Gene Bertcher, (800) 400-6407 info@newconceptenergy.com      

New Concept Energy, Inc. Reports Second Quarter 2026 Results

Dallas (August 10, 2026) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2026.

The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.

For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees.

For the three months ended June 30, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025. 

For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025. 

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.

Contact: New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

		June 30,  2026				December 31, 2025
			(Unaudited)				(Audited)
Assets
Current assets
Cash and cash equivalents		$	304			$	383
Other current assets			65				13
Total current assets			369				396
Property and equipment, net of depreciation
Land, buildings and equipment			616				622
Note and interest receivable - related party
Note receivable			3,542				3,542
Interest receivable			-				-
			3,542				3,542
Total assets		$	4,527			$	4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED

(amounts in thousands, except share and par value amount)

		June 30,  2026				December 31, 2025
			(Unaudited)				(Audited)
Liabilities and stockholders' equity
Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)		$	47			$	26
Accrued expenses			69				43
Total current liabilities			116				69
Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at June 30, 2026 and December 31, 2025			1				1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025			51				51
Additional paid-in capital			63,579				63,579
Accumulated deficit			(59,220	)			(59,140	)
Total stockholders' equity			4,411				4,491
Total liabilities and stockholders' equity		$	4,527			$	4,560

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(amounts in thousands, except per share amounts)

		For the Three Months ended June 30,								For the Six Months ended June 30,
			2026				2025				2026				2025
Revenue
Rent		$	26			$	26			$	52			$	52
Management fee			15				14				28				26
Total revenues			41				40				80				78
Operating expenses
Operating expenses			13				15				26				27
Corporate general and administrative			129				85				206				174
Total operating expenses			142				100				232				201
Loss from operations			(101	)			(60	)			(152	)			(123	)
Other income
Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)			35				42				72				85
Total other income			35				42				72				85
Net income (loss) applicable to common shares		$	(66	)		$	(18	)		$	(80	)		$	(38	)
Net income (loss) per common share-basic and diluted		$	(0.01	)		$	(0.00	)		$	(0.02	)		$	(0.00	)
Weighted average common and equivalent shares outstanding - basic and diluted			5,132				5,132				5,132				5,132

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99 EXHIBIT 99.1 51.5 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB