Welcome to our dedicated page for New Concept Energy news (Ticker: $GBR), a resource for investors and traders seeking the latest updates and insights on New Concept Energy stock.
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New Concept Energy, Inc. reported its first-quarter 2024 results, showing net income applicable to common shares of $2,000, a decrease from $17,000 in the same period in 2023. Revenue for the quarter was $36,000, with $25,000 from rental income and $11,000 from management fees. The company's corporate general & administrative expenses increased to $78,000 compared to $68,000 in 2023. Interest income for the quarter was $57,000. New Concept Energy, Inc. is a Dallas-based company with real estate holdings in West Virginia and provides management services for an oil and gas company.