Filing Flows › New Concept Energy (GBR) › Q1 2026
New Concept Energy (GBR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
New Concept Energy (GBR) reported revenue of $39K for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was -130.8%, net loss $14K (35.9% of revenue).
New Concept Energy, Q1 2026: revenue $39K (+3% year over year), operating margin -130.8%, net loss $14K, operating cash flow −$65K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39K | +3% | +3% |
| Operating profit | −$51K | — | — |
| Net earnings | −$14K | -217% | — |
| Operating cash flow | −$65K | -186% | — |
What changed
Revenue was $39K in Q1 2026, up 3% year over year and up 3% from the previous quarter. Rent was the largest line at 67% of revenue. Management fee added $1K year over year (up 8%), 100% of the total change.
Operating costs exceeded revenue by $51K, an operating margin of -130.8%. Total costs fell 11% while revenue rose 3%. The quarter ended with a net loss of $14K, after a profit of $12K the previous quarter. Non-operating items added $37K, -264% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$65K. Non-cash charges added back $3K of depreciation. Working capital and other items used $54K.
Questions
What was New Concept Energy's revenue in the first quarter 2026?
New Concept Energy (GBR) reported revenue of $39K for the first quarter 2026 (Q1 2026), +3% from a year earlier and +3% from the quarter before.
Was New Concept Energy profitable in the first quarter 2026?
Operating loss was $51K (-130.8% of revenue) and net loss $14K.
Source: New Concept Energy 10-Q on SEC EDGAR.