New Concept Energy, Inc. Reports Second Quarter 2025 Results | GBR Stock News

08/12/2025 - 05:00 PM 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 second quarter ended June 30, 2025.The Company reported a net loss from continuing operations of ($18,000) for three months ended June 30, 2025, as compared to net income of $3,000 for the similar period in 2024.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, 2024 the Company had revenue of $37,000 including $25,000 for rental income and $12,000 in management fees.For the three months ended June 30, 2025, corporate general & administrative expenses were $85,000 as compared to $78,000 for the comparable period in 2024.For the three months ended June 30, 2025, interest income was $42,000 as compared to $56,000 for the comparable period in 2024.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 SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS(amounts in thousands)June 30, 2025December 31, 2024(Unaudited)(Audited)AssetsCurrent assetsCash and cash equivalents$356$363Other current assets479Total current assets403372Property and equipment, net of depreciationLand, buildings and equipment629636Note and interest receivable - related partyNote receivable3,5423,542Interest receivable-443,5423,586Total assets$4,574$4,594NEW CONCEPT ENERGY, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED(amounts in thousands, except share and par value amount)June 30, 2025December 31, 2024(Unaudited)(Audited)Liabilities and stockholders' equityCurrent liabilitiesAccounts payable$27$20Accrued expenses4837Total current liabilities7557Stockholders' equityPreferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and11outstanding at June 30, 2025 and December 31, 2024Common stock, $.01 par value; authorized, 100,000,000shares; issued and outstanding, 5,131,934 sharesat June 30, 2025 and December 31, 20245151Additional paid-in capital63,57963,579Accumulated deficit(59,132)(59,094)Total stockholders' equity4,4994,537Total liabilities & stockholders' equity$4,574$4,594NEW CONCEPT ENERGY, INC AND SUBSIDIARYCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)(amounts in thousands, except per share data)For the Three Months ended June 30,For the Six Months ended June 30,2025202420252024RevenueRent$26$25$52$50Management fee14122623Total revenues40377873Operating expensesOperating expenses15122725Corporate general and administrative8578174156Total operating expenses10090201181Loss from operations(60)(53)(123)(108)Other incomeInterest income (from related parties)425685113Total other income425685113Net income (loss) applicable to common shares$(18)$3$(38)$5Net income (loss) per common share-basic and diluted$(0.00)$0.00$(0.00)$0.00Weighted average common and equivalent shares outstanding - basic and diluted5,1325,1325,1325,132View source version on businesswire.com: https://www.businesswire.com/news/home/20250812919603/en/New Concept Energy, Inc.Investor RelationsGene Bertcher, (800) 400-6407info@newconceptenergy.comSource: New Concept Energy, Inc.