New Concept Energy Posts Q2 Revenue Gain
New Concept Energy (NYSEMKT:GBR), a micro-cap company focused on real estate leasing and oil and gas consulting, released its earnings for the second quarter of fiscal 2025 on August 15, 2025. The report showed modest revenue growth (GAAP), with revenue rising to $40,000 from $37,000 year-over-year. However, general and administrative expenses rose at a faster rate. This resulted in a net loss of $18,000 (GAAP), down from net income of $3,000 (GAAP) a year earlier. No analyst estimates were available for comparison, but highlighted ongoing challenges with cost escalation outpacing incremental top-line progress.
New Concept Energy operates two primary business lines. It owns approximately 190 acres of land and over 53,000 square feet of building space in Parkersburg, West Virginia, providing a predictable flow of rental income. Rental income was the largest single component of the company’s revenue during the period.
Its second key activity is through a consulting management agreement within the oil and gas sector. Here, it advises the current owner of oil and gas wells, receiving a share of revenue from these operations. This arrangement allows the company to generate additional management fees without owning the physical assets. The agreement is subject to cancellation with sixty days’ notice, adding a layer of risk to this income.
Source Fool.com
