New Concept Energy Q3 net income $7K, down from $27K YoY; revenue falls 44%

New Concept Energy, Inc.

2023-Q3 EPS reported $0.03 revenue$115,000

Net income $7,000 for Q3 2023 vs $27,000 in Q3 2022; EPS $0.01 unchanged.
Revenue $35,000 ($25K rent, $10K mgmt fees) down 44% from $63,000.
Nine-month net income $18,000 vs $170,000 in prior year.
Total assets $4.658M, cash $460K; shareholders' equity $4.594M.
Management fees declined due to lower oil and gas selling prices.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

New Concept Energy, Inc. reported third quarter ended September 30, 2023 results: revenue $35,000, net income $7,000, EPS $0.01.

Period: third quarter ended September 30, 2023
Revenue: $35,000
Net income: $7,000
EPS: $0.01
Result: reported results

Exact text from the filing

The Company reported net income of $7,000 for the three months ended September 30, 2023, as compared to net income of $27,000 for the similar period in 2022. For the three months ended September 30, 2023 the Company had revenue of $35,000

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New Concept Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-23-015599

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