---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-004620"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:45:07.285579+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# New Concept Energy Q4 net income $11k vs loss of $49k; FY net income $181k vs $70k

## Summary
- Q4 2022 net income $11,000 compared to a net loss of $49,000 in Q4 2021.
- Full year 2022 net income $181,000 versus $70,000 in 2021.
- Rental revenue steady at $101,000; new revenue of $111,000 from managing oil & gas operations.
- Operating expenses fell: real estate opex $57,000 (vs $77,000) and G&A $317,000 (vs $360,000).
- Other income included $63,000 from a previously reserved investment and $68,000 gain on equipment sale.

## SEC filing metadata
- accession: 0001214659-23-004620
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/0001214659-23-004620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/d3272318k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-004620
- JSON: https://secwatch.observer/filing/0001214659-23-004620.json
- Plain text: https://secwatch.observer/filing/0001214659-23-004620.txt

## Key facts
- Earnings Releases
  New Concept Energy, Inc. reported the three months ended December 31, 2022 results: net income $11,000.
  - Period: the three months ended December 31, 2022
  - Net income: $11,000
  - Result: reported results
  source text: During the three months ended December 31, 2022 the Company reported a net income of $11,000 compared to a net loss of $49,000 for the same period ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/0001214659-23-004620-index.htm
- Earnings Releases
  New Concept Energy, Inc. reported the full year ended December 31, 2022 results: net income $181,000.
  - Period: the full year ended December 31, 2022
  - Net income: $181,000
  - Result: reported results
  source text: For the full year ended December 31, 2022 the Company reported net income of $181,000 compared to net income of $70,000 for the same period ended December 31, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/0001214659-23-004620-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.