New Concept Energy Inc - GBR STOCK NEWS

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.

New Concept Energy, Inc. (NYSE American: GBR) reported a net loss of $39,000 for Q4 2023 compared to a net income of $11,000 in Q4 2022. For the full year 2023, the company reported a net loss of $21,000 compared to a net income of $181,000 in 2022. Revenues remained stable, with a decline in management fees due to lower oil and gas prices.

New Concept Energy, Inc. (NYSE American: GBR) reports Q3 2023 net income of $7,000, down from $27,000 in 2022, with revenue of $35,000, including $25,000 for rental revenue and $10,000 for management fees. The company attributes the reduction in revenue for management fees to a lower selling price for oil and gas. Corporate general & administrative expenses were $70,000, slightly lower than the comparable periods in 2022.

New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $11,000 for Q4 2022, a turnaround from a net loss of $49,000 in Q4 2021. For the full year, net income rose to $181,000 from $70,000 in 2021. Total revenues remained stable at $101,000 for property rentals, while management fees generated $111,000. Operating expenses decreased to $374,000 in 2022 from $437,000 the previous year. Interest income slightly declined to $212,000, and other income fell to $131,000, impacted by prior year gains. As of December 31, 2022, total assets were $4,639,000, with an accumulated deficit of $59,055,000.

New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $27,000 for Q3 2022, reversing a net loss of $8,000 in Q3 2021. Revenue for the quarter rose to $63,000, driven by $25,000 in rental income and $38,000 in management fees. Interest income remained stable at $53,000. The company's total assets increased to $4,622,000 from $4,455,000 year-over-year, while total current liabilities decreased slightly to $57,000.

New Concept Energy, Inc. (NYSE American: GBR) reported a net income of $137,000 for Q2 2022, up from $49,000 in Q2 2021. Revenue for the quarter totaled $47,000, driven by $26,000 in rental income and $21,000 in management fees. Corporate general and administrative expenses decreased to $80,000 from $111,000 year-over-year, reflecting reduced administrative costs. Additionally, the company recorded $130,000 in other income, including a $68,000 gain from equipment sales. Total assets increased to $4,594,000 as of June 30, 2022.

New Concept Energy, Inc. (GBR) reported its financial results for Q1 2022, posting a net income of $5,000, down from $79,000 in Q1 2021. The company generated revenue of $45,000, primarily from rental income ($25,000) and management fees ($20,000). Current assets increased to $3.9 million, while current liabilities rose to $96,000. Despite showing improvement from a net loss of $34,000 in Q1 2020, the overall performance indicates challenges in revenue generation and operational efficiency.