GBR · New Concept Energy, Inc.
New Concept Energy, Inc. engages in the real estate rental business. The company owns land located in Parkersburg, West Virginia. The company offers 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 headquartered in Dallas, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.79 |
| SO | 5.1M |
| Options | — |
| Warrants | — |
| FD SO | 5.1M |
| MC | $4.0M |
| Cash | $0.3M |
| Total debt | — |
| EV | $3.7M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 23.8x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 4.5% |
| Insiders | 7.8% |
| # Institutions | 13 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 0.5% |
| Days to cover | 0.33 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-07. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-10-02 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-09-15; the float denominator can be unreliable on tiny floats.
This filer tags no option or warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 0.04 | 0.04 | 0.04 | 0.04 |
| Revenue YoY % | 2.5% | 2.6% | 5.6% | 5.4% |
| SG&A | 0.13 | 0.08 | 0.10 | 0.09 |
| Operating Income | (0.10) | (0.05) | (0.08) | (0.06) |
| Operating Income YoY % | (68.3%) | 19.0% | (8.2%) | (12.5%) |
| Operating Margin % | (246.3%) | (130.8%) | (207.9%) | (161.5%) |
| EBITDA | (0.10) | (0.05) | (0.07) | (0.06) |
| EBITDA Margin % | (239.0%) | (123.1%) | (197.4%) | (153.8%) |
| Pretax Income | (0.07) | (0.01) | 0.01 | (0.02) |
| Net Income | (0.07) | (0.01) | 0.01 | (0.02) |
| Net Margin % | (161.0%) | (35.9%) | 31.6% | (51.3%) |
| Diluted EPS | -$0.01 | -$0.01 | $0.00 | -$0.01 |
| Basic EPS | -$0.01 | -$0.01 | $0.00 | -$0.01 |
| Basic Avg Shares | 0.0 | 0.0 | — | 0.0 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 0.16 | 0.15 | 0.15 | 0.15 | 0.21 |
| Revenue YoY % | 1.3% | 6.2% | (3.9%) | (28.3%) | — |
| SG&A | 0.40 | 0.36 | 0.34 | 0.34 | 0.32 |
| Operating Income | (0.29) | (0.27) | (0.24) | (0.24) | (0.16) |
| Operating Income YoY % | (10.9%) | (11.8%) | 2.5% | (50.0%) | — |
| Operating Margin % | (187.3%) | (171.0%) | (162.3%) | (159.9%) | (76.4%) |
| EBITDA | (0.28) | (0.25) | (0.22) | (0.23) | (0.15) |
| EBITDA Margin % | (179.0%) | (161.9%) | (153.4%) | (151.3%) | (70.8%) |
| Pretax Income | (0.09) | (0.05) | (0.02) | (0.02) | 0.18 |
| Tax Provision | — | — | — | — | 0.00 |
| Net Income | (0.09) | (0.05) | (0.02) | (0.02) | 0.18 |
| Net Margin % | (56.1%) | (29.7%) | (12.3%) | (13.8%) | 85.4% |
| Diluted EPS | -$0.03 | -$0.01 | -$0.01 | -$0.01 | $0.04 |
| Basic EPS | -$0.03 | -$0.01 | -$0.01 | -$0.01 | $0.04 |
| Diluted Avg Shares | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Basic Avg Shares | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 0.30 | 0.32 | 0.38 | 0.31 |
| Total Current Assets | 0.37 | 0.38 | 0.40 | 0.33 |
| Net PPE | 0.62 | 0.62 | 0.62 | 0.63 |
| Other Assets | 3.54 | 3.54 | 3.54 | 3.58 |
| Total Assets | 4.53 | 4.54 | 4.56 | 4.54 |
| Accounts Payable | 0.05 | 0.03 | 0.03 | 0.03 |
| Total Current Liabilities | 0.12 | 0.06 | 0.07 | 0.06 |
| Total Liabilities | 0.12 | 0.06 | 0.07 | 0.06 |
| Retained Earnings | (59.22) | (59.15) | (59.14) | (59.15) |
| Total Equity | 4.41 | 4.48 | 4.49 | 4.48 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 0.30 | 0.38 | 0.36 | 0.45 | 0.44 |
| Total Current Assets | 0.37 | 0.40 | 0.37 | 0.46 | 0.47 |
| Net PPE | 0.62 | 0.62 | 0.64 | 0.63 | 0.63 |
| Other Assets | 3.54 | 3.54 | 3.59 | 3.54 | 3.54 |
| Total Assets | 4.53 | 4.56 | 4.59 | 4.63 | 4.64 |
| Accounts Payable | 0.05 | 0.03 | 0.02 | 0.04 | 0.02 |
| Total Current Liabilities | 0.12 | 0.07 | 0.06 | 0.07 | 0.06 |
| Total Liabilities | 0.12 | 0.07 | 0.06 | 0.07 | 0.06 |
| Retained Earnings | (59.22) | (59.14) | (59.09) | (59.08) | (59.05) |
| Total Equity | 4.41 | 4.49 | 4.54 | 4.55 | 4.58 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | (0.07) | (0.01) | 0.01 | (0.02) |
| D&A | 0.00 | 0.00 | 0.00 | 0.00 |
| Δ Working Cap & Other | 0.05 | (0.05) | 0.06 | (0.03) |
| Operating Cash Flow | (0.01) | (0.07) | 0.08 | (0.05) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (0.09) | (0.05) | (0.02) | (0.02) | 0.18 |
| D&A | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Δ Working Cap & Other | 0.02 | 0.05 | (0.06) | 0.03 | (0.01) |
| Operating Cash Flow | (0.05) | 0.02 | (0.06) | 0.02 | 0.18 |
| CapEx | — | — | (0.02) | (0.01) | — |
| Investing Cash Flow | — | — | (0.02) | (0.01) | — |
| Free Cash Flow | — | — | (0.08) | 0.01 | — |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | 3.18 | 5.94 | 5.74 | 5.30 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | (239.0%) | (123.1%) | (197.4%) | (153.8%) |
| Working Capital | 0.25 | 0.32 | 0.33 | 0.27 |
| Net Debt | — | — | — | — |
| ROE % | (1.5%) | (0.3%) | 0.3% | (0.4%) |
| ROA % | (1.5%) | (0.3%) | 0.3% | (0.4%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 3.18 | 5.74 | 6.53 | 6.12 | 7.40 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | — | — | — | — | — |
| EBITDA Margin % | (179.0%) | (161.9%) | (153.4%) | (151.3%) | (70.8%) |
| Working Capital | 0.25 | 0.33 | 0.32 | 0.38 | 0.40 |
| Net Debt | — | — | — | — | — |
| ROE % | (2.0%) | (1.0%) | (0.4%) | (0.5%) | 4.0% |
| ROA % | (1.9%) | (1.0%) | (0.4%) | (0.5%) | 3.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | REALTY ADVISORS INC | 10% Owner | 2026-09-29 | P | 2,000,000 | $1.00 | $2,000,000 |
| 2025-08-28 | REALTY ADVISORS INC | 10% Owner | 2025-08-28 | S | (246,254) | $1.15 | -$283,192 |
| 2024-12-23 | REALTY ADVISORS INC | 10% Owner | 2024-12-20 | S | (250,000) | $1.16 | -$290,000 |
| 2024-11-04 | REALTY ADVISORS INC | 10% Owner | 2024-10-31 | S | (248,681) | $1.17 | -$290,957 |