New Concept Energy, Inc.

What they do

New Concept Energy owns approximately 190 acres of land in Parkersburg, West Virginia with four structures totaling about 53,000 square feet. The main industrial/office building (24,800 sq ft) is partially leased, with about 16,000 sq ft generating $103,000 per annum. Since selling its own oil and gas wells in August 2020, it provides advisory, accounting, and management services to the current owner of those wells under a consulting agreement effective 1/1/2022, receiving 10% of the wells' revenue.

Revenue drivers

• Real estate rental — Rent from the West Virginia property generated $26,000 in Q2 2026 and $52,000 for H1 2026, with an annual lease of $103,000 for approximately 16,000 square feet.
• Management fees — Fees from the oil and gas consulting agreement were $15,000 in Q2 2026 and $28,000 for H1 2026, representing 10% of the wells' revenue.

Recent performance

For Q2 2026, the company reported a net loss of $66,000 on revenue of $41,000, versus a net loss of $18,000 on revenue of $40,000 in Q2 2025. H1 2026 net loss was $80,000 on revenue of $80,000, compared to a loss of $38,000 on revenue of $78,000 in H1 2025. Corporate G&A expenses increased to $129,000 in Q2 2026 from $85,000 in Q2 2025. Interest income fell to $35,000 in Q2 2026 from $42,000 a year earlier. At June 30, 2026, cash was $304,000, down from $383,000 at year-end 2025, and total assets were $4.5 million with a $3.5 million related-party note receivable.

Strategy

The company intends to continue operating or selling its West Virginia property. It also provides advisory and management services to an independent West Virginia oil and gas company. Management seeks to establish or acquire new business operations. No specific new investments or capital projects were disclosed.

Risks

• Consulting agreement termination — The management agreement with the oil and gas well owner can be terminated by either party with 60 days' notice, which would eliminate a revenue stream.
• Small revenue base — Quarterly revenue is under $45,000, heavily reliant on a single tenant and one consulting agreement, leaving little margin for error.
• Recurring losses — The company has posted net losses in 2023, 2024, and 2025, and continued losses in H1 2026, which could erode cash reserves.
• Related-party note concentration — A $3.5 million note receivable from a related party constitutes the majority of total assets, making the balance sheet dependent on that party's creditworthiness.

Outlook

Management provides limited forward-looking guidance. The company expects to continue its real estate and management operations while seeking new business opportunities. No specific future financial targets were provided. The 8-K earnings releases indicate ongoing reporting of results but no formal outlook.