New Concept Energy, Inc. — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 62/100
What the filing says
New Concept Energy reported Q2 2026 net loss of $66,000 vs. $18,000 loss in Q2 2025—a 267% deterioration. Revenue remained nearly flat at $41,000 ($26,000 rental + $15,000 management fees) vs. $40,000 prior year. Corporate G&A expenses surged 52% to $129,000 from $85,000 YoY, driving the loss expansion. The company holds $304K cash, $3.5M in a related-party note receivable, and $616K in West Virginia real estate; 5.1M shares outstanding; market cap ~$5.3M.
Why this rating
Loss doubled relative to tiny revenue base; G&A bloat unsustainable for $41K quarterly revenue. Material deterioration in profitability trajectory, though absolute dollars small in aggregate.
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