New Concept Energy (GBR) Q1 2026 earnings summary

Executive summary

• Report covers the quarter ended March 31, 2026, with 5,131,934 shares of common stock outstanding as of May 6, 2026, and weighted average shares outstanding at 5,132,000.

• Operations focus on rental income from West Virginia property and management fees from a consulting agreement related to former oil and gas operations.

• Reported a net loss from continuing operations of $(14,000) for Q1 2026, improving from $(20,000) in Q1 2025.

• Revenue for Q1 2026 was $39,000, up slightly from $38,000 in Q1 2025.

Financial highlights

• Rental income was $26,000 for Q1 2026, unchanged from Q1 2025; management fees increased to $13,000 from $12,000.

• Corporate general & administrative expenses decreased to $77,000 in Q1 2026 from $89,000 in Q1 2025.

• Interest income was $37,000 in Q1 2026, down from $43,000 in Q1 2025.

• Cash and cash equivalents decreased to $318,000 at March 31, 2026, from $383,000 at year-end 2025.

• Current assets were $380,000 and current liabilities $64,000 at March 31, 2026.

Key financial ratios and metrics

• Net loss margin improved to (36%) in Q1 2026 from (53%) in Q1 2025.

• Net loss per share was $(0.01) for both Q1 2026 and Q1 2025.

• Working capital at March 31, 2026, was $316,000.

• Total assets were $4.54 million as of March 31, 2026, compared to $4.56 million at year-end 2025.

• Total stockholders' equity was $4.48 million as of March 31, 2026, down from $4.49 million at December 31, 2025.