---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-007531"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:14:37.707582+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# New Concept Energy Q1 net income rises to $17,000 from $5,000 YoY

## Summary
- Net income applicable to common shares: $17,000 for Q1 2023 vs $5,000 for Q1 2022.
- Revenue of $45,000, consisting of $25,000 rental income and $20,000 management fees.
- Corporate G&A expenses decreased to $68,000 from $80,000 in prior-year quarter.
- Interest income unchanged at $52,000 for both periods.

## SEC filing metadata
- accession: 0001214659-23-007531
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105744/000121465923007531/0001214659-23-007531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000121465923007531/g5182308k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-007531
- JSON: https://secwatch.observer/filing/0001214659-23-007531.json
- Plain text: https://secwatch.observer/filing/0001214659-23-007531.txt

## Key facts
- Earnings Releases
  New Concept Energy, Inc. reported first quarter ended March 31, 2023 results: revenue $45,000, net income $17,000.
  - Period: first quarter ended March 31, 2023
  - Revenue: $45,000
  - Net income: $17,000
  - Result: reported results
  source text: During the three months ended March 31, 2023, the Company reported a net income applicable to common shares for the three months ended March 31,2022 of $17,000, compared to net income of $5,000 for the three months ended March 31, 2022. For the three months ended March 31, 2023 and 2022 the Company had revenue of $45,000 including $25,000 for rental income and $20,000 in management fees.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105744/000121465923007531/0001214659-23-007531-index.htm

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