---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-015599"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T20:45:34.415030+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214659-23-015599
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105744/000121465923015599/0001214659-23-015599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000121465923015599/p11222328k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-015599
- JSON: https://secwatch.observer/filing/0001214659-23-015599.json
- Plain text: https://secwatch.observer/filing/0001214659-23-015599.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/105744/000121465923015599/0001214659-23-015599-index.htm

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