New Concept Energy, Inc. Reports Third Quarter 2026 Results

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