secwatch.observer — SEC 8-K summary
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Issuer:     New Concept Energy, Inc. (GBR)
CIK:        0000105744
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001214659-23-015599
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105744/000121465923015599/0001214659-23-015599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105744/000121465923015599/p11222328k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-015599

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