8-K Announcements
6Material company update
May 11, 2026·SEC
Material company update
Apr 14, 2026·SEC
Material company update
Apr 7, 2026·SEC
New Concept Energy, Inc.(GBR)Earnings, Financials & Key Ratios
GBR•AMEX•REIT / Real Estate
Price updated Jun 19, 2026
AboutNew Concept Energy, Inc. engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. New Concept Energy, Inc. was founded in 1978 and is based in Dallas, Texas. New Concept Energy, Inc. is a former subsidiary of Arcadian Energy, Inc.Show more
- Revenue$155K+6.2%
- FFO-$32K-540.0%
- FFO/Share-0.01-540.1%
- FFO Payout0%
- FFO per Share-0.01-540.1%
- NOI Margin100%
- FFO Margin-20.65%-502.8%
- ROE-1.02%-157.3%
- ROA-1%-157.5%
GBR Key Insights
New Concept Energy, Inc. (GBR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High NOI margin of 100.0%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when GBR posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
GBR Price & Volume
New Concept Energy, Inc. (GBR) stock price & volume — 10-year historical chart
Loading chart...
GBR Growth Metrics
New Concept Energy, Inc. (GBR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-27.41%
5 Years8.94%
3 Years-9.91%
TTM5.41%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM0%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM0%
Return on Capital
10 Years-12.31%
5 Years-5.52%
3 Years-5.47%
Last Year-5.87%
GBR Peer Comparison
New Concept Energy, Inc. (GBR) competitors in Real estate owners and developers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 REI | 238.71M | 1.14 | -6.71 | -16.15% | -115.94% | -33.01% | 0.51 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 USEG | 35.6M | 1.05 | -2.44 | -64.34% | -213.6% | -49.96% | 0.12 | |
 CCEL | 29.32M | 3.64 | 72.80 | 2.05% | 1.26% | |||
 TALO | 2.3B | 13.77 | -4.88 | -9.8% | -42.7% | -33.21% | 0.57 | |
 SD | 516.29M | 14.02 | 7.38 | 24.8% | 46.37% | 15.09% | ||
 NRUC | 23.70 | -57.33% | 66.17% | 10.16% | 10.39 | |||
 AMRC | 1.52B | 28.64 | 34.51 | 9.16% | 1.59% | 2.86% | 1.73 |
Compare GBR vs Peers
New Concept Energy, Inc. (GBR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GBR Income Statement
New Concept Energy, Inc. (GBR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 791K | 682K | 98K | 101K | 101K | 212K | 152K | 146K | 155K | 156K |
Revenue Growth % | 3.53% | -13.78% | -85.63% | 3.06% | 0% | 109.9% | -28.3% | -3.95% | 6.16% | 5.41% |
Property Operating Expenses | 1.03M | 844K | 61K | 0 | 0 | 0 | 0 | 0 | 0 | 27K |
Net Operating Income (NOI) | -236K▲ 0% | -162K▲ 31.4% | 37K▲ 122.8% | 101K▲ 173.0% | 101K▲ 0.0% | 212K▲ 109.9% | 152K▼ 28.3% | 146K▼ 3.9% | 155K▲ 6.2% | 129K▲ 0% |
NOI Margin % | -29.84% | -23.75% | 37.76% | 100% | 100% | 100% | 100% | 100% | 100% | 82.69% |
Operating Expenses | 408K | 353K | 418K | 468K | 437K | 374K | 395K | 383K | 420K | 382K |
G&A Expenses | 408K | 353K | 418K | 396K | 360K | 317K | 338K | 335K | 364K | 352K |
EBITDA | -2.96M | -268K | -363K | -355K | -323K | -150K | -230K | -224K | -251K | -239K |
EBITDA Margin % | -373.7% | -39.3% | -370.41% | -351.49% | -319.8% | -70.75% | -151.32% | -153.42% | -161.94% | -153.21% |
Depreciation & Amortization | 314K | 247K | 18K | 12K | 13K | 12K | 13K | 13K | 14K | 14K |
D&A / Revenue % | 39.7% | 36.22% | 18.37% | 11.88% | 12.87% | 5.66% | 8.55% | 8.9% | 9.03% | 8.97% |
Operating Income | -3.27M▲ 0% | -515K▲ 84.3% | -381K▲ 26.0% | -367K▲ 3.7% | -336K▲ 8.4% | -162K▲ 51.8% | -243K▼ 50.0% | -237K▲ 2.5% | -265K▼ 11.8% | -253K▲ 0% |
Operating Margin % | -413.4% | -75.51% | -388.78% | -363.37% | -332.67% | -76.42% | -159.87% | -162.33% | -170.97% | -162.18% |
Interest Expense | 24K | 18K | 15K | 12K | 5K | 0 | 0 | 0 | 0 | 0 |
Interest Coverage | -134.04x | -13.72x | 5.00x | -2.00x | 15.00x | - | - | - | - | - |
Non-Operating Income | -53K | -268K | -456K | -343K | -411K | -343K | -222K | 0 | 0 | -43K |
Pretax Income | -3.24M▲ 0% | -484K▲ 85.1% | 60K▲ 112.4% | -52K▼ 186.7% | 70K▲ 234.6% | 181K▲ 158.6% | -21K▼ 111.6% | -18K▲ 14.3% | -46K▼ 155.6% | -40K▲ 0% |
Pretax Margin % | -409.73% | -70.97% | 61.22% | -51.49% | 69.31% | 85.38% | -13.82% | -12.33% | -29.68% | -25.64% |
Income Tax | 0 | 49K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | -10.12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -3.25M▲ 0% | -484K▲ 85.1% | -2.35M▼ 386.0% | 1.92M▲ 181.5% | 70K▼ 96.3% | 181K▲ 158.6% | -21K▼ 111.6% | -18K▲ 14.3% | -46K▼ 155.6% | -40K▲ 0% |
Net Margin % | -410.37% | -70.97% | -2400% | 1897.03% | 69.31% | 85.38% | -13.82% | -12.33% | -29.68% | -25.64% |
Net Income Growth % | -6862.5% | 85.09% | -385.95% | 181.46% | -96.35% | 158.57% | -111.6% | 14.29% | -155.56% | 0% |
Funds From Operations (FFO) | -2.93M▲ 0% | -237K▲ 91.9% | -2.33M▼ 884.8% | 1.93M▲ 182.6% | 83K▼ 95.7% | 193K▲ 132.5% | -8K▼ 104.1% | -5K▲ 37.5% | -32K▼ 540.0% | -26K▲ 0% |
FFO Margin % | -370.67% | -34.75% | -2381.63% | 1908.91% | 82.18% | 91.04% | -5.26% | -3.42% | -20.65% | -16.67% |
FFO Growth % | -640.96% | 91.92% | -884.81% | 182.6% | -95.69% | 132.53% | -104.15% | 37.5% | -540% | -1664.71% |
FFO per Share | -1.44 | -0.05 | -0.45 | 0.38 | 0.02 | 0.04 | -0.00 | -0.00 | -0.01 | -0.01 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
EPS (Diluted) | -1.59▲ 0% | -0.09▲ 94.1% | -0.48▼ 409.0% | -0.04▲ 91.0% | -0.02▲ 43.2% | 0.10▲ 506.5% | -0.00▼ 104.1% | -0.00▲ 14.6% | -0.01▼ 185.7% | -0.01▲ 0% |
EPS Growth % | -8050% | 94.07% | -409.01% | 90.98% | 43.19% | 506.5% | -104.1% | - | - | 0% |
EPS (Basic) | -1.59 | -0.09 | -0.48 | -0.04 | -0.02 | 0.10 | -0.00 | -0.00 | -0.01 | - |
Diluted Shares Outstanding | 2.04M | 5.13M | 5.13M | 5.13M | 5.13M | 5.13M | 5.13M | 5.13M | 5.13M | 5.13M |
GBR Balance Sheet
New Concept Energy, Inc. (GBR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 4.21M | 7.88M | 5.79M | 4.61M | 4.46M | 4.64M | 4.63M | 4.59M | 4.56M | 4.54M |
Asset Growth % | -41.42% | 87.44% | -26.54% | -20.36% | -3.38% | 4.13% | -0.19% | -0.78% | -0.74% | -3.89% |
Real Estate & Other Assets | 0 | 0 | 840K | 0 | 0 | 3.54M | 0 | 0 | 3.54M | 0 |
PP&E (Net) | 3.38M | 3.13M | 668K | 656K | 643K | 631K | 629K | 636K | 622K | 619K |
Investment Securities | 301K | 251K | 214K | 153K | 0 | 0 | 1000K | 1000K | 0 | 1000K |
Total Current Assets | 522K | 4.5M | 4.07M | 3.8M | 3.81M | 466K | 459K | 372K | 396K | 380K |
Cash & Equivalents | 419K | 361K | 22K | 27K | 252K | 436K | 447K | 363K | 383K | 318K |
Receivables | 103K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 |
Other Current Assets | 0 | 0 | 0 | 92K | 0 | -3.51M | 12K | 9K | 13K | 62K |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 3.57M | 3.12M | 3.38M | 286K | 60K | 63K | 75K | 57K | 69K | 64K |
Total Debt | 324K | 260K | 221K | 174K | 0 | 0 | 0 | 0 | 0 | 0 |
Net Debt | -95K | -101K | 199K | 147K | -252K | -436K | -447K | -363K | -383K | -318K |
Long-Term Debt | 243K | 201K | 177K | 122K | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Borrowings | 81K | 59K | 44K | 52K | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Current Liabilities | 556K | 150K | 290K | 164K | 60K | 63K | 75K | 57K | 69K | 64K |
Accounts Payable | 446K | 59K | 226K | 80K | 28K | 23K | 36K | 20K | 26K | 25K |
Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 2.77M | 2.77M | 2.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Equity | 636K▲ 0% | 4.76M▲ 648.6% | 2.41M▼ 49.4% | 4.33M▲ 79.5% | 4.39M▲ 1.6% | 4.58M▲ 4.1% | 4.55M▼ 0.5% | 4.54M▼ 0.4% | 4.49M▼ 1.0% | 4.48M▲ 0% |
Equity Growth % | -82.9% | 648.58% | -49.4% | 79.54% | 1.62% | 4.12% | -0.46% | -0.4% | -1.01% | -4.93% |
Shareholders Equity | 636K | 4.76M | 2.41M | 4.33M | 4.39M | 4.58M | 4.55M | 4.54M | 4.49M | 4.48M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Stock | 21K | 51K | 51K | 51K | 51K | 51K | 51K | 51K | 51K | 51K |
Additional Paid-in Capital | 59M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M |
Retained Earnings | -58.39M | -58.87M | -61.22M | -59.31M | -59.24M | -59.05M | -59.08M | -59.09M | -59.14M | -59.15M |
Preferred Stock | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K | 1K |
Return on Assets (ROA) | -57.03% | -8.01% | -34.41% | 36.84% | 1.54% | 3.98% | -0.45% | -0.39% | -1% | -0.88% |
Return on Equity (ROE) | -149.07% | -17.94% | -65.61% | 56.91% | 1.61% | 4.04% | -0.46% | -0.4% | -1.02% | -0.89% |
Debt / Assets | 7.71% | 3.3% | 3.82% | 3.77% | - | - | - | - | - | 0% |
Debt / Equity | 0.51x | 0.05x | 0.09x | 0.04x | - | - | - | - | - | 0.00x |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 1.33x |
Book Value per Share | 0.31 | 0.93 | 0.47 | 0.84 | 0.86 | 0.89 | 0.89 | 0.88 | 0.88 | 0.87 |
GBR Cash Flow Statement
New Concept Energy, Inc. (GBR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 202K | -637K | -239K | -535K | 123K | 184K | 22K | -64K | 20K | -15K |
Operating CF Growth % | 164.33% | -415.35% | 62.48% | -123.85% | 122.99% | 49.59% | -88.04% | -390.91% | 131.25% | -295.44% |
Operating CF / Revenue % | 25.54% | -93.4% | -243.88% | -529.7% | 121.78% | 86.79% | 14.47% | -43.84% | 12.9% | -9.62% |
Net Income | -3.25M | -484K | -2.35M | 1.92M | 70K | 181K | -21K | -18K | -46K | -40K |
Depreciation & Amortization | 396K | 253K | 18K | 12K | 13K | 12K | 13K | 13K | 14K | 14K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 2.65M | 884K | 2.29M | -2.14M | 0 | 0 | 12K | 0 | 0 | 44K |
Working Capital Changes | 401K | -406K | -190K | -325K | 40K | -9K | 18K | -59K | 52K | -33K |
Cash from Investing | 14K | -3.96M | -56K | 593K | 276K | 0 | -11K | -20K | 0 | 0 |
Acquisitions (Net) | 0 | 0 | 0 | 85K | 0 | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 24K | -3.96M | 12K | 508K | 276K | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | 90K | 4.54M | -44K | -53K | -174K | 0 | 0 | 0 | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | -73K | -70K | -44K | -53K | -174K | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Change in Cash | 306K▲ 0% | -58K▼ 119.0% | -339K▼ 484.5% | 5K▲ 101.5% | 225K▲ 4400.0% | 184K▼ 18.2% | 11K▼ 94.0% | -84K▼ 863.6% | 20K▲ 123.8% | -15K▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 113K | 419K | 361K | 22K | 27K | 252K | 436K | 447K | 363K | 383K |
Cash at End | 419K | 361K | 22K | 27K | 252K | 436K | 447K | 363K | 383K | 318K |
Free Cash Flow | 192K▲ 0% | -637K▼ 431.8% | -307K▲ 51.8% | -535K▼ 74.3% | 123K▲ 123.0% | 184K▲ 49.6% | 11K▼ 94.0% | -84K▼ 863.6% | 20K▲ 123.8% | -15K▲ 0% |
FCF Growth % | 152.46% | -431.77% | 51.81% | -74.27% | 122.99% | 49.59% | -94.02% | -863.64% | 123.81% | 75.81% |
FCF / Revenue % | 24.27% | -93.4% | -313.27% | -529.7% | 121.78% | 86.79% | 7.24% | -57.53% | 12.9% | -9.62% |
GBR Key Ratios
New Concept Energy, Inc. (GBR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | -1.44 | -0.05 | -0.45 | 0.38 | 0.02 | 0.04 | -0 | -0 | -0.01 | -0.01 |
FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
NOI Margin | -29.84% | -23.75% | 37.76% | 100% | 100% | 100% | 100% | 100% | 100% | 82.69% |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 1.33x |
Debt / Assets | 7.71% | 3.3% | 3.82% | 3.77% | - | - | - | - | - | 0% |
Interest Coverage | -134.04x | -13.72x | 5.00x | -2.00x | 15.00x | - | - | - | - | - |
Book Value / Share | 0.31 | 0.93 | 0.47 | 0.84 | 0.86 | 0.89 | 0.89 | 0.88 | 0.88 | 0.87 |
Revenue Growth | 3.53% | -13.78% | -85.63% | 3.06% | 0% | 109.9% | -28.3% | -3.95% | 6.16% | 5.41% |
Related:GBR Dividend History·GBR Revenue History·GBR Price History·GBR P/E History·GBR Financial Ratios·GBR Institutional Holders
GBR SEC Filings & Documents
New Concept Energy, Inc. (GBR) SEC filings — annual & quarterly reports (10-K, 10-Q)
GBR Frequently Asked Questions
New Concept Energy, Inc. (GBR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
New Concept Energy, Inc. (GBR) reported $0.2M in revenue for fiscal year 2025. This represents a 99% decrease from $29.8M in 1996.
New Concept Energy, Inc. (GBR) grew revenue by 6.2% over the past year. This is steady growth.
New Concept Energy, Inc. (GBR) reported a net loss of $0.0M for fiscal year 2025.
Dividend & Returns
New Concept Energy, Inc. (GBR) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
New Concept Energy, Inc. (GBR) generated Funds From Operations (FFO) of $-0.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.