New Concept Energy, Inc. is primarily involved in the real estate rental sector, possessing approximately 190 acres of land situated in Parkersburg, West Virginia. Additionally, the company offers consultancy and oversight services to an independent entity within the oil and gas industry. Established in 1978, this Dallas, Texas-based firm adopted its current name in May 2008, having previously operated as CabelTel International Corporation. New Concept Energy, Inc. also holds the distinction of having once been an affiliate of Arcadian Energy, Inc.
New Concept Energy, Inc. Reports Second Quarter 2026 Results
New Concept Energy reported Q2 revenue of $41,000, slightly up from $40,000 in the prior year, while net losses widened to $66,000.
Operating expenses surged 52% year-over-year to $129,000, outweighing modest revenue growth from management fees.
Cash and cash equivalents declined to $304,000 at quarter-end from $383,000 at year-end 2025.