New Concept Energy, Inc. (NYSE American: GBR) based in Dallas reported its financial results for the second quarter of 2025.
The company experienced a shift from a net income of $3,000 in the same period in 2024 to a net loss of $18,000 for the three months ended June 30, 2025.
Revenue for the second quarter of 2025 reached $40,000, with $26,000 from rental income and $14,000 from management fees.
Financial Performance Comparison
Significant change in net income from a positive $3,000 in 2024 to a negative $18,000 in the second quarter of 2025.
Revenue Breakdown
Rental income and management fees contributed to the total revenue of $40,000 in Q2 2025.
Operating Expenses
Corporate general & administrative expenses increased from $78,000 in 2024 to $85,000 in the second quarter of 2025.
Interest Income Fluctuation
Interest income decreased from $56,000 in the same period in 2024 to $42,000 in the second quarter of 2025.
- The company faced a challenging quarter with a shift from profitability to a net loss, primarily driven by increased operating expenses and decreased interest income.
- The fluctuation in revenue sources highlights the importance of diversification and stability in income streams for New Concept Energy, Inc.
Despite the financial challenges faced in the second quarter, New Concept Energy, Inc. remains focused on managing its real estate assets in West Virginia and providing services to the oil and gas industry.