GBR on NYSE

New Concept Energy, Inc.

New Concept Energy, Inc. is an American crude petroleum and natural gas company, incorporated in Nevada.1 It is headquartered in Dallas, Texas.1 Its shares trade on NYSE under the symbol GBR.1

Price unavailable

Last updated Oct 20, 2026.

Overview

Compare with Norris Industries, Inc., Strata Power Corp or Trio Petroleum Corp, or pick any stock.

  • TickerGBR on NYSE1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersDallas, Texas1
  • Incorporated inNV2
  • Business address1603 Lbj Freeway, Suite 800, Dallas, Tx 752342
  • Filer categoryNon-accelerated filer, Smaller reporting company2

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-171.0%Operating margin4
-29.7%Net margin4
6.2%Revenue growth, 20254
-1.0%Return on equity4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Rent brought in 66% of the revenue New Concept Energy, Inc. broke down this way in fiscal 2025.

  1. Rent$103.0K466%up 2% from 2024
  2. Management Fee$52.0K434%up 16% from 2024
Products and services by year
Products and services20242025
Rent$101.0K$103.0K
Management Fee$45.0K$52.0K

Business segments

Current Operations brought in 50% of the revenue New Concept Energy, Inc. broke down this way in fiscal 2025.

  1. Current Operations$155.0K450%up 6% from 2024
  2. Total Operations$155.0K450%up 6% from 2024
Business segments by year
Business segments20242025
Current Operations$146.0K$155.0K
Total Operations$146.0K$155.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$155.0K

Out of $155.0K in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$20.0K

Out of $20.0K of cash from operations.4

Financial statements

Revenue56784$155.0K in 2025+58% since 2019
0$100.0K$200.0K$300.0K2019: $98.0K$98.0K20192020: $101.0K$101.0K2020+3%2021: $101.0K$101.0K2021+0%2022: $212.0K$212.0K2022+110%2023: $152.0K$152.0K2023−28%2024: $146.0K$146.0K2024−4%2025: $155.0K$155.0K2025+6%
Operating income56784-$265.0K in 2025−30% since 2019
-$400.0K-$300.0K-$200.0K-$100.0K02019: -$381.0K-$381.0K20192020: -$367.0K-$367.0K2020−4%2021: -$336.0K-$336.0K2021−8%2022: -$162.0K-$162.0K2022−52%2023: -$243.0K-$243.0K2023+50%2024: -$237.0K-$237.0K2024−2%2025: -$265.0K-$265.0K2025+12%
Net income56784-$46.0K in 2025−98% since 2019
-$4.0M-$2.0M0$2.0M2019: -$2.4M-$2.4M20192020: $1.9M$1.9M20202021: $70.0K$70.0K2021−96%2022: $181.0K$181.0K2022+159%2023: -$21.0K-$21.0K20232024: -$18.0K-$18.0K2024−14%2025: -$46.0K-$46.0K2025+156%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total Revenues$155.0K$146.0K
Operating expenses$56.0K$48.0K
Corporate general and administrative$364.0K$335.0K
Total operating expenses$420.0K$383.0K
Loss from operations-$265.0K-$237.0K
Interest income$169.0K$213.0K
Other income$50.0K$6.0K
Total other income$219.0K$219.0K
Net loss applicable to common shares-$46.0K-$18.0K
Net income (loss) per common share-basic-$0.01-$0.01
Net income (loss) per common share-diluted-$0.01-$0.01
Weighted average common and equivalent shares outstanding - basic5.1K shares5.1K shares
Weighted average common and equivalent shares outstanding - diluted5.1K shares5.1K shares

Compare New Concept Energy, Inc. with another company

Corporate structure

New Concept Energy, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of New Concept Energy, Inc.

  • REALTY ADVISORS INC Filed SCHEDULE 13D/A on New Concept Energy, Inc., latest Oct 2, 2026 (5 filings since Aug 22, 2024)
  • New Concept Energy, Inc. Dallas, Texas
    • Mountaineer Pipeline, LLC Subsidiary · Nevada, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What New Concept Energy, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$432.0K4 Dec 31, 2025$432.0K4 Dec 31, 20240%
Buildings and improvements$372.0K4 Dec 31, 2025$372.0K4 Dec 31, 20240%
Property and equipment, before depreciation$804.0K4 Dec 31, 2025$804.0K4 Dec 31, 20240%
Accumulated depreciation$182.0K4 Dec 31, 2025$168.0K4 Dec 31, 2024+8.3%
Property and equipment, net$622.0K4 Dec 31, 2025$636.0K4 Dec 31, 2024−2.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$383.0K4 Dec 31, 2025$363.0K4 Dec 31, 2024+5.5%

Properties, in its own words

The Company’s principal offices are located at 1603 LBJ Freeway Suite 800, Dallas, Texas 75234. The Company believes this space is presently suitable, fully utilized and will be adequate for the foreseeable future.

The Company owns approximately 190 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. Of this total area the main office building contains approximately 24,800 square feet.

Item 2 of the 10-K filed Mar 31, 2026.13

Leadership

Who has led New Concept Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ron Finley2006

Chair

  1. Ron Finley2006

President

  1. Gene S. Bertcher2011–2016

Chief financial officer

  1. Gene S. Bertcher2011
2010201520202025
Board members and other officers (2)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Mountaineer Pipeline, LLC Nevada3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CabelTel International CorpFeb 11, 2005 to Jun 3, 20082
  • GREENBRIAR CORPJul 25, 1996 to Jan 19, 20052
  • MEDICAL RESOURCE COMPANIES OF AMERICAApr 27, 1995 to May 8, 19962

Timeline

  1. Aug 24, 20268-K Unregistered sale of shares; Change in control; Shareholder vote17
  2. Aug 12, 20268-K Results of operations18
  3. Jul 27, 20268-K Shareholder vote19
  4. May 11, 20268-K Results of operations20
  5. Apr 14, 20268-K Entered a material agreement; Unregistered sale of shares21
  6. Apr 7, 20268-K Results of operations22
  7. Nov 24, 20258-K Shareholder vote23
  8. Nov 17, 20258-K Results of operations24
  9. Aug 15, 20258-K Results of operations25
  10. May 21, 20258-K Results of operations26
  11. Mar 27, 20258-K Results of operations27
  12. Jan 3, 20258-K Shareholder vote28
  13. Jun 28, 2006New chief executive Ron Finley becomes CEO14

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202629

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results18
  2. May 11, 2026Reported quarterly or annual results20
  3. Apr 7, 2026Reported quarterly or annual results22
  4. Nov 17, 2025Reported quarterly or annual results24
  5. Aug 15, 2025Reported quarterly or annual results25
  6. May 21, 2025Reported quarterly or annual results26
  7. Mar 27, 2025Reported quarterly or annual results27
  8. Nov 15, 2024Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

73 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 5 insider forms, 5 large holders, 9 other. The latest 20:

  1. Oct 2, 2026SCHEDULE 13D/A EDGAR
  2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 24, 20268-K EDGAR
  4. Aug 12, 20268-K EDGAR
  5. Aug 10, 202610-Q EDGAR
  6. Jul 27, 20268-K EDGAR
  7. Jun 23, 2026DEF 14A EDGAR
  8. May 22, 2026PRER14A EDGAR
  9. May 11, 20268-K EDGAR
  10. May 7, 202610-Q EDGAR
  11. May 6, 2026PRER14A EDGAR
  12. Apr 16, 2026PRE 14A EDGAR
  13. Apr 14, 20268-K EDGAR
  14. Apr 7, 20268-K EDGAR
  15. Mar 31, 202610-K EDGAR
  16. Jan 8, 2026SCHEDULE 13D/A EDGAR
  17. Nov 24, 20258-K EDGAR
  18. Nov 17, 20258-K EDGAR
  19. Nov 12, 202510-Q EDGAR
  20. Oct 24, 2025DEF 14A EDGAR

The 73 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2025REALTY ADVISORS INC10% ownerSale246,254$1.15$283.2KForm 4
Dec 20, 2024REALTY ADVISORS INC10% ownerSale250,000$1.16$290.0KForm 4
Oct 31, 2024REALTY ADVISORS INC10% ownerSale248,681$1.17$291.0KForm 4
Aug 15, 2024REALTY ADVISORS INC10% ownerSale250,000$1.30$325.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Bertcher$60.0K32
2024Chairman,$60.0K32

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Two Sigma Securities, LLC34,292$23.7K0.0%New
Vanguard Capital Management LLC33,021$22.8K0.0%No change
Geode Capital Management, LLC32,945$22.8K0.0%−5,148
Two Sigma Investments, LP24,011$16.6K0.0%New
State Street Corp23,534$16.3K0.0%No change
UBS Group AG19,699$13.6K0.0%−1,622
Vanguard Fiduciary Trust Co15,046$10.4K0.0%No change
Susquehanna International Group, Llp13,412$9.3K0.0%New
Tower Research Capital LLC (TRC)4,095$2.8K0.0%−1
Virtu Financial LLC23,239$160.0%−1,234
Citigroup Inc1$10.0%New
IFG Advisory, LLC2$10.0%New
SBI Securities Co., Ltd.1$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How New Concept Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNew Concept Energy, Inc.1
  • CIK0000105744
  • Employer ID (EIN)75-239947713
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
  • Incorporated inNevada13
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1603 Lbj Freeway, Suite 800, Dallas, TX 752341
  • Phone97240784001
  • Shares outstanding5,131,934 as of Aug 7, 202610
  • Public float$5.3M as of Jun 30, 202513
  • AuditorTurner, Stone & Company, L.L.P, Dallas, Texas PCAOB ID 76; no auditor attestation of internal control over financial reporting13
  • On EDGAR sinceApr 27, 19951
  • Filings635 in all: 8-K (165), 10-Q (84), 4 (74), SC 13D/A (43), DEF 14A (33), 10-K (28), CORRESP (24), UPLOAD (18)1
    All 39 form types

    NT 10-Q (16), SC 13D (15), NT 10-K (13), 4/A (12), 8-K/A (12), 10QSB (11), 3 (11), 10-K/A (9), 10-Q/A (9), ARS (7), 10KSB/A (5), PRER14A (5), DEF 14C (4), PRE 14A (4), PRE 14C (4), SC 13G (4), 10KSB (3), 10QSB/A (3), SC 13G/A (3), SCHEDULE 13D/A (3), PRER14C (2), S-8 (2), 10KSB40/A (1), 3/A (1), 424B2 (1), DEFA14A (1), DEFS14A (1), DEFS14C (1), PRES14A (1), PRES14C (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jun 23, 2026
    Latest 8-K (8-K) Aug 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01GBRNYSE

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).13

Risk factors and legal proceedings

The risks New Concept Energy, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 1 risk under these headings, as written.13

  • Risks Related to the Company
  • Our governing documents contain anti-takeover provisions that may make it more difficult for a third party to acquire control of us.

Legal proceedings

Currently the Company is not involved in any material legal proceedings.

The opening of Item 3, Legal Proceedings.13

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32