# New Concept Energy Posts $37,000 in Q3 Revenue and $11,000 Net Loss

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56070
Published: 2026-11-12T23:59:54.000Z
Updated: 2026-11-12T23:59:54.000Z
Section: Business

> The unaudited results table lists positive $0.01 per common share, basic and diluted, despite the quarterly loss.

New Concept Energy Inc. had $37,000 in revenue and an $11,000 net loss for the quarter ended Sept. 30, 2026. The loss narrowed from $20,000 in the same quarter a year earlier. Its unaudited results table lists net income (loss) per common share, basic and diluted, as positive $0.01, which conflicts with the net loss. No explanation accompanied the per-share figure.

Revenue included $26,000 in rent and $11,000 in management fees, compared with total revenue of $39,000 a year earlier. General and administrative expenses were $69,000, down from $88,000. Interest income was $36,000, compared with $43,000 in the third quarter of 2025.

The company issued 2 million shares in September, raising $2 million for future investments. New Concept Energy is based in Dallas, has real estate in West Virginia and provides management services for a third-party oil and gas company.