New Concept Energy, Inc. Reports Second Quarter 2026 Results

About this update from Noble Corporation Plc A

New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2026. The Company reported a net loss from continuing operations of ($66,000) for three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025. For the three months ended June 30, 2026 the Company had revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees. For the three months ended June 30, 2026, corporate general & administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025. For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025. New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com . NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS (amounts in thousands)   June 30, 2026 December 31, 2025 (Unaudited) (Audited) Assets   Current assets Cash and cash equivalents $ 304 $ 383 Other current assets   65   13 Total current assets   369   396   Property and equipment, net of depreciation Land, buildings and equipment   616   622   Note and interest receivable - related party Note receivable   3,542   3,542 Interest receivable   -   -   3,542   3,542   Total assets $ 4,527 $ 4,560 NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED (amounts in thousands, except share and par value amount)   June 30, 2026 December 31, 2025 (Unaudited) (Audited) Liabilities and stockholders' equity   Current liabilities Accounts payable (including $8 due to related parties in 2026 and 2025) $ 47   $ 26   Accrued expenses   69     43   Total current liabilities   116     69       Stockholders' equity Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and   1     1   outstanding at June 30, 2026 and December 31, 2025 Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025   51     51   Additional paid-in capital   63,579     63,579   Accumulated deficit   (59,220 )   (59,140 )   Total stockholders' equity   4,411     4,491     Total liabilities and stockholders' equity $ 4,527   $ 4,560     NEW CONCEPT ENERGY, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (amounts in thousands, except per share amounts)   For the Three Months ended June 30,   For the Six Months ended June 30,                 2026       2025       2026       2025   Revenue Rent $ 26   $ 26   $ 52   $ 52   Management fee   15     14     28     26   Total revenues   41     40     80     78       Operating expenses Operating expenses   13     15     26     27   Corporate general and administrative   129     85     206     174   Total operating expenses   142     100     232     201     Loss from operations   (101 )   (60 )   (152 )   (123 )   Other income Interest income ($35 and $42 for the three months ended June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)   35     42     72     85   Total other income   35     42     72     85     Net income (loss) applicable to common shares $ (66 ) $ (18 ) $ (80 ) $ (38 )   Net income (loss) per common share-basic and diluted $ (0.01 ) $ (0.00 ) $ (0.02 ) $ (0.00 )   Weighted average common and equivalent shares outstanding - basic and diluted   5,132     5,132     5,132     5,132       View source version on businesswire.com: https://www.businesswire.com/news/home/20260810873289/en/

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