What factors drove GBR's EPS decline this year?

New Concept Energy Inc (GBR) experienced a decline in its EPS in the fourth quarter of 2024, primarily due to the following factors:

1. Revenue Decline: The company's total revenue for the period ended December 31, 2024, was $36,000. This is a significant decrease from the previous quarter's revenue, which indicates a decline in the company's earnings and profitability.

GBR Total Revenue, Net Income...

2. Net Income Loss: New Concept Energy reported a net loss of $19,000 for the quarter, which is a direct result of the company's financial performance during the period. A negative net income indicates that the company's expenses exceeded its revenues, leading to a decline in EPS.
3. Previous Quarter's Performance: The company's EPS decline may also be influenced by the performance of the previous quarter. For instance, in the fourth quarter of 2023, GBR reported earnings per share of -4 cents. This suggests that the company has been struggling with profitability over the past few quarters, which could be a contributing factor to the EPS decline in 2024.

In conclusion, the decline in GBR's EPS this year can be attributed to a combination of revenue decline and net income loss. The company's inability to generate sufficient revenues to cover its expenses has led to a negative net income and a decline in EPS.