New Concept Energy — Second Quarter 2026 Earnings Summary

Financial Performance

• Reported a net loss from continuing operations of $66,000 for the three months ended June 30, 2026, compared to a net loss of $18,000 for the same period in 2025.
• Total revenue for the three months ended June 30, 2026, was $41,000, up from $40,000 in the comparable 2025 period.
• Revenue composition for Q2 2026 included $26,000 in rental income and $15,000 in management fees, compared to $26,000 and $14,000 respectively in Q2 2025.
• Corporate general and administrative expenses increased to $129,000 in Q2 2026 from $85,000 in Q2 2025.
• Interest income decreased to $35,000 in Q2 2026 from $42,000 in Q2 2025.
• Total operating expenses for Q2 2026 were $142,000, compared to $100,000 in Q2 2025.
• Loss from operations for Q2 2026 was $101,000, compared to $60,000 in Q2 2025.
• For the six months ended June 30, 2026, total revenue was $80,000 versus $78,000 in the prior year period.
• Net loss for the six months ended June 30, 2026, was $80,000, compared to $38,000 in the same period in 2025.
• Net loss per common share (basic and diluted) was $(0.01) for Q2 2026, compared to $(0.00) in Q2 2025.
• Cash and cash equivalents stood at $304,000 as of June 30, 2026, down from $383,000 as of December 31, 2025.
• Total assets were $4,527,000 as of June 30, 2026, compared to $4,560,000 as of December 31, 2025.
• Total stockholders' equity was $4,411,000 as of June 30, 2026, down from $4,491,000 as of December 31, 2025.
• Accumulated deficit increased to $(59,220,000) as of June 30, 2026, from $(59,140,000) as of December 31, 2025.
• Total current liabilities increased to $116,000 as of June 30, 2026, from $69,000 as of December 31, 2025.
• Accounts payable increased to $47,000 as of June 30, 2026, from $26,000 as of December 31, 2025.
• A note receivable of $3,542,000 remained constant between June 30, 2026, and December 31, 2025.
• 5,131,934 shares of common stock were issued and outstanding as of June 30, 2026, and December 31, 2025.
• One share of Series B Preferred Stock ($10 par value) was issued and outstanding as of both reporting dates.

Other Key Points

• The company owns real estate in West Virginia and provides management services for a third-party oil and gas company.
• The company is listed on the NYSE American under the ticker symbol GBR.
• No dividends, buybacks, or M&A deals were mentioned in the release.
• No forward guidance, market trends, or competitive landscape analysis was provided in the press release.
• No specific risks, challenges, or management commentary quotes were included in the text.