New Concept Energy, Inc. reported first quarter ended March 31, 2026 results: revenue $39,000, net income ($14,000).
“New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026. The Company reported a net loss from continuing operations of ($14,000) for three months ended March 31, 2026, as compared to a net loss of ( $20,000) for the similar period in 2025. For the three months ended March 31,2026 the Company had revenue of $39,000 including $26,000 for rental income and $13,000 in management fees.”
Equity Issuances
New Concept Energy, Inc. issued up to 2,000,000 shares of Common Stock of common stock.
“Item 3.02. Unregistered Sales of Equity Securities See Item 1.01 above for a description of an agreement covering the proposed issuance of up to 2,000,000 shares of Common Stock of the Company without registration, based upon the exemption afforded by Section 4(2) of the Securities Act of 1933, as amended.”
Material Agreements
New Concept Energy, Inc. entered into Subscription Agreement and Letter of Investment Intent with Realty Advisors, Inc. (effective 2026-04-13).
“On April 13, 2026, New Concept Energy, Inc., a Nevada corporation (the “ Company ” or “ GBR ” or the “ Issuer ”), and an Investor entered into a Subscription Agreement and Letter of Investment Intent (the ”Agreement”), pursuant to which, Realty Advisors, Inc., a Nevada corporation (the “ Investor ”), has agreed to acquire 2,000,000 shares of Common Stock at a price of at least $1.00 per share in cash.”
Earnings Releases
New Concept Energy, Inc. reported the quarter ended December 31, 2025 results: revenue $103,000, net income $12,000.
“$46,000 compared to a net loss of $18,000 for the same period ended December 31, 2043. Fiscal 2025 as compared to 2024 Revenues: Revenues from rent for the leased property was $103,000 in 2025 and $101,000 in 2024. Revenues from managing the oil and gas operations for a third party was $52,000 and $45,000 in 2025 and 2024. The management agreement has the”
Robert C. Canham II was appointed as Director at New Concept Energy, Inc..
“selected Robert C. Canham II, age 75, as a director effective October 16, 2024, to fill a vacancy on the Board of Directors”
Raymond D. Roberts, Sr. resigned as Director at New Concept Energy, Inc..
“fill a vacancy on the Board of Directors created by the August 15, 2024 resignation of Raymond D. Roberts, Sr.”
Raymond D. Roberts, Sr. resigned as Director at New Concept Energy, Inc..
“On August 15, 2024, Raymond D. Roberts, Sr. resigned as a Director and from all Board Committees of New Concept Energy, Inc.”
Earnings Releases
New Concept Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $36,000, net income $2,000.
“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,”
Earnings Releases
New Concept Energy, Inc. reported the full year ended December 31, 2023 results: revenue $101,000 in 2023, net income net loss of $21,000.
“New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2023 Results Dallas (April 1, 2024) New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2023.”
Auditor Changes
New Concept Energy, Inc. engaged Turner Stone & Company LLP as its auditor.
“r the “Issuer”) engaged the Dallas, Texas firm of Turner Stone & Company LLP as the Independent Registered Public Accountant to audit the Company’s financial statements for the fiscal year ending December 31, 2023 and any interim periods. During the Registrant’s two most fiscal years and any subsequent interim period, the Company did not consult with a Turner Stone & Company LLP or any of its members about the application of accounting principles to any specified transaction or any other matter. The decision to engage accountants was approved by the Audit Committee of the Board of Directors of the Company consisting of Dan Locklear (Chairman), Cecilia Maynard and Raymond D. Roberts, Sr. The engagement effective January 19, 2024 of Turner Stone & Company LLP as the new Independent Registered Public Accountant for the Company was necessitated by virtue”
Auditor Changes
Swalm & Associates P. C. resigned as auditor of New Concept Energy, Inc..
“, 2024, Swalm & Associates P. C. (“Swalm”) notified the Audit Committee Chairman and the Chief Financial Officer of New Concept Energy, Inc. (the “Company” or the “Issuer” or “GBR”) that effective immediately Swalm was ceasing its services as independent registered public accountants for GBR, a decision due to the upcoming retirement of the principal of Swalm, Edward S. Swalm, CPA. The notice has the effect of a resignation and advises that Swalm will cooperate with GBR’s new”
Shareholder Votes
New Concept Energy, Inc. shareholders approved Ratification of the appointment of Swalm & Associates, P.C. as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-12-13 meeting.
“A total of 2,600,699 votes were cast FOR, 29,812 votes were cast AGAINST, and 5,680 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes.”
Shareholder Votes
New Concept Energy, Inc. shareholders approved Election of Directors (slate of five nominees) at the 2023-12-13 meeting.
“At the Annual Meeting, which involved the election of directors, the following named persons received the number of votes for, against or withheld, as well as the number of abstentions (broker non-votes were not reported): Name No. of Votes For Of Shares Voted, % For No. of Votes Withheld No. of Votes Abstained Broker Non- Votes Gene S. Bertcher 1,741,453 33.93% 173 8,832 -0- Richard W. Humphrey 1,741,831 33.94% -0- 8,607 -0- Dan Locklear 1,731,399 33.73% -0- 19,059 -0- Cecelia Maynard 1,705,819 33.23% -0- 44,639 -0- Raymond D. Roberts, Sr. 1,703,653 33.19% -0- 46,805 -0-”
Earnings Releases
New Concept Energy, Inc. reported third quarter ended September 30, 2023 results: revenue $35,000, net income $7,000, EPS $0.01.
“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”
Earnings Releases
New Concept Energy, Inc. reported second quarter ended June 30, 2023 results: revenue $35,000, net income net loss of $6,000, EPS $(0.01).
“During the three months ended June 30, 2023, the Company reported a net loss of $6,000 compared to a net income of 138,000 for the three months ended June 30, 2022. For the three months ended June 30, 2023 the Company had revenue of $35,000 including $26,000 for rental income and $9,000 for management fees as compared to rental income of $26,000 and management fee of $21,000 for the comparable period in 2022.”
Earnings Releases
New Concept Energy, Inc. reported first quarter ended March 31, 2023 results: revenue $45,000, net income $17,000.
“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.”
Earnings Releases
New Concept Energy, Inc. reported the full year ended December 31, 2022 results: net income $181,000.
“For the full year ended December 31, 2022 the Company reported net income of $181,000 compared to net income of $70,000 for the same period ended December 31, 2021.”
Earnings Releases
New Concept Energy, Inc. reported the three months ended December 31, 2022 results: net income $11,000.
“During the three months ended December 31, 2022 the Company reported a net income of $11,000 compared to a net loss of $49,000 for the same period ended December 31, 2021.”
Earnings Releases
New Concept Energy, Inc. reported third quarter ended September 30, 2022 results: revenue $63,000, net income $27,000, EPS $0.01.
“The Company reported net income of $27,000 for three months ended September 30, 2022, as compared to net a net loss of $8,000 for the similar period in 2021. For the three months ended September 30, 2022 the Company had revenue of $63,000 including $25,000 for rental revenue and $38,000 for management fees as compared to $25,000 for rental revenue for the comparative period in 2021.”
Shareholder Votes
New Concept Energy, Inc. shareholders approved Ratification of the appointment of Swalm & Associates, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2021 at the 2022-11-11 meeting.
“A total of 3,078,404 votes were cast FOR, 18,857 votes were cast AGAINST, and 3,508 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes. On the basis of such votes, the second proposal was approved.”
Shareholder Votes
New Concept Energy, Inc. shareholders approved Election of directors at the 2022-11-11 meeting.
“At the Annual Meeting, which involved the election of directors, the following named persons received the number of votes cast for, against or withheld, as well as the number of abstentions (broker non-votes were not reported): Name No. of Votes For Of Shares Voted, % For No. of Votes Withheld No. of Votes Abstained Broker Non- Votes Gene S. Bertcher 1,803,603 58.16% 5,033 -0- Richard W. Humphrey 1,803,816 58.17% 1,820 -0- Dan Locklear 1,795,311 57.89% 13,325 -0- Cecelia Maynard 1,791,308 57.77% 17,328 -0- Raymond D. Roberts, Sr. 1,766,515 56.97% 42,121 -0- 2 All of the nominees named above, each of whom is currently a director of the Company, were elected at such Annual Meeting.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.