---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-009482"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T14:19:33.274207+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# New Concept Energy Q1 net income $2,000 (down 88%); revenue $36,000

## Summary
- Net income for Q1 2024 was $2,000 (diluted EPS $0.00), down from $17,000 in Q1 2023.
- Revenue decreased to $36,000 ($25,000 rental income, $11,000 management fees) from $45,000.
- Corporate G&A expenses increased to $78,000 from $68,000 in the prior year period.
- Interest income was $57,000, compared to $52,000 in Q1 2023.

## SEC filing metadata
- accession: 0001214659-24-009482
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2024-05-17T23:59:59+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/105744/000121465924009482/0001214659-24-009482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000121465924009482/g5162458k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-009482
- JSON: https://secwatch.observer/filing/0001214659-24-009482.json
- Plain text: https://secwatch.observer/filing/0001214659-24-009482.txt

## Key facts
- Earnings Releases
  New Concept Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $36,000, net income $2,000.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $36,000
  - Net income: $2,000
  - Result: reported results
  source text: common shares of $2,000, compared to net income of $17,000 for the three months ended March 31, 2023. For the three months ended March 31,2024 the Company had revenue of $36,000 including $25,000 for rental income and $11,000 in management fees. Revenue for the three months ended March 31,2023 was $45,000. For the three months ended March 31, 2024,
  evidence_url: https://www.sec.gov/Archives/edgar/data/105744/000121465924009482/0001214659-24-009482-index.htm

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