New Concept Energy, Inc. (GBR) reported first quarter 2026 results. Quarterly financial results disclosure influences assessments of ongoing performance and investor sentiment.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 0.45 | 0.36 | 0.38 | 0.30 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | 0.01 | 0.01 | 0.01 | 0.07 |
| 0.46 | 0.37 | 0.40 | 0.37 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 0.04 | 0.02 | 0.03 | 0.05 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 0.08 | 0.06 | 0.07 | 0.12 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.04 | 0.04 | — | — |
—
|
| ’25 | 0.04 | 0.04 | 0.04 | 0.04 |
0.16
|
| ’24 | 0.04 | 0.04 | 0.04 | 0.04 |
0.15
|
| ’23 | 0.05 | 0.04 | 0.04 | 0.04 |
0.15
|
| ’22 | 0.05 | 0.05 | 0.06 | 0.06 |
0.21
|
| ’21 | 0.03 | 0.03 | 0.03 | 0.02 |
0.10
|
| ’20 | 0.03 | 0.03 | 0.03 | 0.02 |
0.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.06) | (0.01) | — | — |
—
|
| ’25 | (0.03) | 0.02 | (0.05) | 0.08 |
0.02
|
| ’24 | (0.05) | 0.02 | 0.01 | (0.05) |
(0.06)
|
| ’23 | 0.00 | 0.00 | 0.04 | (0.01) |
0.02
|
| ’22 | 0.00 | 0.12 | 0.03 | 0.04 |
0.18
|
| ’21 | 0.03 | 0.23 | 0.01 | (0.14) |
0.12
|
| ’20 | (0.02) | 0.06 | (0.53) | (0.04) |
(0.53)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.06) | (0.01) | — | — |
—
|
| ’25 | (0.03) | 0.02 | (0.05) | 0.08 |
0.02
|
| ’24 | (0.05) | 0.02 | 0.01 | (0.07) |
(0.08)
|
| ’23 | 0.00 | 0.00 | 0.03 | (0.01) |
0.01
|
| ’22 | 0.00 | 0.12 | 0.03 | 0.04 |
0.18
|
| ’21 | 0.03 | 0.23 | 0.01 | (0.14) |
0.12
|
| ’20 | (0.02) | 0.06 | (0.53) | (0.04) |
(0.53)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.01) | (0.01) | — | — |
—
|
| ’25 | (0.01) | 0.00 | (0.01) | 0.00 |
(0.01)
|
| ’24 | 0.01 | 0.01 | (0.01) | 0.00 |
(0.01)
|
| ’23 | 0.01 | (0.01) | 0.01 | (0.04) |
(0.01)
|
| ’22 | 0.01 | 0.02 | 0.01 | 0.01 |
0.04
|
| ’21 | 0.01 | 0.01 | 0.01 | (0.01) |
0.01
|
| ’20 | 0.01 | (0.03) | 0.43 | (0.01) |
0.37
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.04 | 0.91 | 0.96 | 0.67 | — | — | — |
Low Price
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 6.25 | 1.51 | 1.82 | 1.78 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 3 | 3 | 2 | 2 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.07 | 0.05 | 0.07 | 0.08 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.21 | 0.15 | 0.15 | 0.16 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | (0.02) | (0.02) | (0.05) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 85.38% | (13.82%) | (12.33%) | (29.68%) | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | (0.02) | (0.02) | (0.05) | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.01 | 0.01 | 0.01 | 0.01 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.04 | 0.03 | 0.03 | 0.03 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.04 | (0.01) | (0.01) | (0.01) | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.04 | 0.00 | (0.01) | 0.00 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.04 | 0.00 | (0.02) | 0.00 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.89 | 0.89 | 0.88 | 0.88 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.13 | 5.13 | 5.13 | 5.13 | — | — | — |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 21.20 | 0.00 | 116.00 | 0.00 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.66 | 34.10 | 40.77 | 24.83 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.19 | 1.14 | 1.31 | 0.86 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.33 | 32.18 | 39.35 | 23.36 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.47 | 407.61 | (61.78) | (402.33) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | 0.02 | (0.06) | 0.02 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | — | ‡‡‡‡‡ | — | — | — | (0.01) | (0.02) | — | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | 0.01 | (0.08) | 0.02 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.40 | 0.38 | 0.32 | 0.33 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | — | — | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.44) | (0.45) | (0.36) | (0.38) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.58 | 4.56 | 4.54 | 4.49 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.98% | (0.45%) | (0.39%) | (1.01%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.45%) | (3.70%) | (3.55%) | (4.03%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.04% | (0.46%) | (0.40%) | (1.02%) | — | — | — |
ROE
|
New Concept Energy, Inc. (GBR), a tiny oil and gas microcap focused on Wyoming royalties, has endured a brutal decade of shrinking revenues—from a 2016 peak of $791,000 down 85% the next year amid oil’s collapse—now scraping by at $146,000 in 2024 with just 2-3 employees after slashing 95% of staff. While gross margins have hit a perfect 100% since 2018 thanks to low-cost royalties, earnings swing wildly from massive losses to micro-profits before recent dips, and per-share metrics reveal heavy dilution from tripled shares outstanding.
The balance sheet shines as a rare bright spot: debt-free with steady $4.5 million equity (book value ~$0.88/share) and improving ROE, but cash flows turned negative in 2024 amid tight liquidity. Stock price tells a speculative horror story—exploding to $31 in 2021 on meme mania despite flat sales, then crashing 95%+, now near decade lows uncorrelated with fundamentals. Insider caution flags red: a big 2025 sell-off with zero buys.
Tied to oil shocks like the 2014 bust, COVID crash, and 2022 rally, GBR’s fate hinges on crude prices above $70 for modest royalty upside, but its micro-scale limits gains versus majors—offering a high-risk, oversold bet with balance sheet protection yet stagnant outlook and no analyst targets. Dive into the full analysis for the data breakdowns and inflection points.
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