New Concept Energy, Inc. (GBR) Stock

New Concept Energy, Inc. (GBR) is a Energy stock trading at $0.81 (as of 2026-08-21), with a market capitalization of $4.15M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

New Concept Energy, Inc. operates a real estate rental business, owning about 190 acres of land in Parkersburg, West Virginia, and also provides advisory and management services to an independent oil and gas company.

Understand New Concept Energy, Inc.: how it makes money

New Concept Energy, Inc. operates a real estate rental business and earns money from renting land it owns (about 190 acres in Parkersburg, West Virginia), and it also provides advisory and management services to an independent oil and gas company.

The profit model is driven by two related revenue sources, rental income from owned land plus advisory and management fees tied to the activity of an independent oil and gas operator.

Business quality (Weak): The business is straightforward (land rental and advisory/management services), but the provided latest-quarter figures show a sharply negative operating margin (operating_margin_pct of -130.8) and there is no segment or operating KPI detail in the data provided, which limits visibility into what is driving results.

Bull case

  • Owned land supports a recurring business line: The company owns approximately 190 acres of land in Parkersburg, West Virginia, which underpins its real estate rental operations.
  • Service revenue links to the oil and gas ecosystem: It also provides advisory and management services for an independent oil and gas company, adding a non-rental revenue stream.

Bear case

  • Weak profitability in the latest provided quarter: For the period 2026-03-31, the provided operating_margin_pct is -130.8, indicating losses at the operating level in the dataset.
  • Limited disclosure in the provided dataset: There are no reportable segment revenue figures and no operating KPIs provided here, making it harder to pinpoint which part of the business is improving or deteriorating.
Valuation — source: SEC EDGAR (first-party)
Price$0.81
Market Cap$4.15M
Price / Book0.94
Price / Sales26.44
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$155000.00
Net Margin-29.7%
Revenue Growth (YoY)2.5%
Financial Health — source: SEC EDGAR
Altman Z-Score17.87 (safe)
Valuation vs Sector & Industry
Sector P/E (Energy)16.5
Industry P/E (Petroleum & Natural Gas)16.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderHRT FINANCIAL LP ($40000.00)
Institutional Holders Tracked10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOGene S. Bertcher
Employees2
CountryUS
IPO Date1993-03-25

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GBR earnings history · GBR institutional & insider holders · GBR KPIs & operating metrics · GBR financials · GBR investor presentations & press releases · GBR SEC filings · GBR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.