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.

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

• Revenue for Q1 2026 was $39,000, up slightly from $38,000 in Q1 2025; main revenue sources were $26,000 from rental income and $13,000 from management fees.

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

Financial highlights

• Operating expenses for Q1 2026 totaled $90,000, down from $101,000 in Q1 2025.

• Corporate general & administrative expenses decreased to $77,000 from $89,000 year-over-year.

• Interest income remained stable at $43,000 for both Q1 2026 and 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

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

• Total liabilities stood at $64,000, with stockholders' equity at $4.48 million as of March 31, 2026.

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

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

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