A tiny landlord with oil-fee income turned a Q4 profit but lost money in 2025
New Concept Energy, Inc. (NCE) reported a net income of $12,000 in Q4 2025, a turnaround from a net loss in the same period of 2024. Despite this, the company ended the full year 2025 with a net loss of $46,000, which is larger than the $18,000 net loss reported for 2024 (though the 2024 comparison year is incorrectly stated as 2043 in the article). NCE's revenue primarily comes from property rent and oil and gas management fees.