Norris Industries, Inc. (NRIS)
Norris Industries, Inc. is an energy company primarily focused on the exploration, acquisition, and development of crude oil and natural gas properties across Texas. Its principal assets are concentrated in the Ellenberger formation within Coleman County, with additional holdings in Jack and Palo-Pinto Counties. As of March 1, 2022, the firm possessed approximately 29 thousand barrels of proved oil reserves and 150 million cubic feet of proved natural gas reserves. Established in 2014, the company was formerly known as International Western Petroleum, Inc. before changing its name to Norris Industries, Inc. in February 2018. The corporate headquarters are situated in Weatherford, Texas.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
Norris Industries, Inc.
OTC:NRISEnergy · Oil & Gas Exploration & Production
Mkt Cap$14.19M
Float23.72M
O/S108.25M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$286K
Net Income-$661K
Total Assets$252.45M
Free Cash Flow-$440K
Debt & Equity
Total Debt$3.7B
Total Equity-$4.85B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NRIS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$252.45M
Liabilities$5.1B
Accounts Receivable$24K
Accounts Payable$228K
Inventory$0
PP&E (Net)$183.27M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 |
| Revenue | $286K | $329K | $330K | $526K | $452K | $280K | $573K | $499K | $132K | $149K | $173K | $0 | $0 |
| YoY Growth | -13.1% | -0.1% | -37.4% | 16.4% | 61.4% | -51.1% | 14.8% | 278.2% | -11.7% | -13.6% | - | - | - |
| Cost of Revenue | $602K | $558K | $645K | $723K | $641K | $984K | $1.5M | $490K | $156K | $158K | $294K | $0 | $0 |
| Gross Profit | -$315K | -$229K | -$316K | -$196K | -$188K | -$704K | -$931K | $9K | -$24K | -$9K | -$121K | $0 | $0 |
| Gross Margin | -110.3% | -69.5% | -95.7% | -37.3% | -41.6% | -251.2% | -162.4% | 1.7% | -18.1% | -5.9% | -70.0% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $145K | $190K | $201K | $192K | $204K | $314K | $577K | $878K | $1.27M | $1.71M | $142K | $81K | $60K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23K | $37K | $0 | $0 |
| Total Operating Expenses | $145K | $190K | $201K | $192K | $204K | $314K | $577K | $878K | $1.27M | $1.73M | $179K | $81K | $60K |
| Operating Income (EBIT) | -$461K | -$418K | -$516K | -$389K | -$392K | -$1.02M | -$2.83M | -$869K | -$1.3M | -$1.74M | -$300K | -$81K | -$60K |
| Operating Margin | -161.0% | -127.0% | -156.7% | -73.8% | -86.7% | -363.1% | -493.4% | -174.2% | -983.0% | -1164.2% | -173.6% | - | - |
| Interest Expense | $117K | $143K | $127K | $116K | $107K | $93K | $73K | $52K | $24K | $1K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$201K | -$143K | -$127K | -$116K | -$107K | -$93K | -$71K | -$52K | -$1.25M | $19K | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$661K | -$562K | -$643K | -$505K | -$499K | -$1.11M | -$2.9M | -$922K | -$2.55M | -$1.75M | -$300K | -$81K | -$60K |
| Income Tax Expense | $0 | $0 | $0 | $0 | -$10 | $0 | $0 | $0 | $24K | $1K | $0 | $0 | $0 |
| Net Income | -$661K | -$562K | -$643K | -$505K | -$499K | -$1.11M | -$2.97M | -$922K | -$2.55M | -$1.75M | -$300K | -$81K | -$60K |
| Net Income Margin | -231.2% | -170.5% | -195.2% | -95.9% | -110.3% | -396.1% | -518.6% | -184.7% | -1931.9% | -1171.3% | -173.6% | - | - |
| Supplementary Data | |||||||||||||
| EPS | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.03 | -0.04 | -0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.03 | -0.04 | -0.01 | -0.00 | -0.00 |
| Weighted Average OS | 108.25M | 95.69M | 90.88M | 90.88M | 90.88M | 90.88M | 89.74M | 89.44M | 89.21M | 46.42M | 44.13M | 43.45M | 43.48M |
| EBITDA | -$412K | -$332K | -$402K | -$321K | -$351K | -$782K | -$2.05M | -$659K | -$2.5M | -$1.72M | -$263K | $0 | -$60K |
| EBITDA Margin | -144.0% | -100.8% | -121.8% | -61.0% | -77.6% | -279.2% | -358.3% | -132.0% | -1895.6% | -1151.7% | -152.2% | - | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $45.38M | $86K | $54K | $152K | $140K | $161K | $158K | $126K | $245K | $76K | $542K | $42K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $45.38M | $86K | $54K | $152K | $140K | $161K | $158K | $126K | $245K | $76K | $542K | $42K | $0 |
| Accounts Receivable | $24K | $27K | $17K | $24K | $71K | $33K | $39K | $71K | $109K | $8K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$71.13M | -$108.64M | $0 | $0 | $0 | $0 |
| Other Current Assets | $23.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $105K | $0 | $0 | $0 |
| Total Current Assets | $69.18M | $113K | $71K | $176K | $211K | $194K | $197K | $197K | $354K | $190K | $542K | $42K | $0 |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $183.27M | $247K | $387K | $162K | $177K | $221K | $658K | $2.46M | $2.66M | $917K | $994K | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88K | $0 |
| Total Long-Term Assets | $183.27M | $247K | $387K | $162K | $177K | $221K | $658K | $2.46M | $2.66M | $917K | $994K | $88K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $252.45M | $360K | $458K | $338K | $387K | $414K | $855K | $2.66M | $3.01M | $1.11M | $1.54M | $130K | $0 |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $228K | $126K | $121K | $126K | $139K | $405K | $237K | $33K | $43K | $380K | $13K | $5K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $50K | $539K | $3K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$41K | $0 | -$539K | -$3K | $0 |
| Other Current Liabilities | $227.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $391K | $0 | $0 | $10K |
| Total Current Liabilities | $228.16M | $126K | $121K | $126K | $139K | $405K | $237K | $102K | $63K | $442K | $552K | $8K | $10K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $3.7B | $3.3M | $4.2M | $3.9M | $3.6M | $3.2M | $2.7M | $1.85M | $1.55M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.17B | $1.04M | $1.07M | $603K | $433K | $96K | $102K | $93K | $77K | $10K | $9K | $0 | $0 |
| Total Long-Term Liabilities | $4.87B | $4.34M | $5.27M | $4.5M | $4.03M | $3.3M | $2.8M | $1.94M | $1.63M | $10K | $9K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.1B | $4.47M | $5.39M | $4.63M | $4.17M | $3.7M | $3.04M | $2.04M | $1.69M | $452K | $561K | $8K | $10K |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $0 | $0 | $0 | $0 |
| Common Stock | $108.25M | $108K | $91K | $91K | $91K | $91K | $91K | $89K | $89K | $49K | $44K | $44K | $40K |
| Retained Earnings | -$12.62B | -$11.87M | -$11.31M | -$10.67M | -$10.16M | -$9.66M | -$8.56M | -$5.66M | -$4.74M | -$2.19M | -$437K | -$137K | -$60K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$0 | -$2.34M | $0 | -$82K | -$63K | -$36K | $0 | $0 |
| Other Stockholders' Equity | $7.66B | $7.66M | $6.29M | $6.29M | $6.29M | $6.29M | $6.28M | $6.18M | $5.97M | $2.79M | $1.37M | $215K | $10K |
| Total Equity | -$4.85B | -$4.11M | -$4.93M | -$4.29M | -$3.79M | -$3.29M | -$2.18M | $617K | $1.32M | $654K | $975K | $122K | -$10K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $252.45M | $360K | $458K | $338K | $387K | $414K | $855K | $2.66M | $3.01M | $1.11M | $1.54M | $130K | $0 |
| Supplementary Data | |||||||||||||
| Total Debt | $3.7B | $3.3M | $4.2M | $3.9M | $3.6M | $3.2M | $2.7M | $1.85M | $1.55M | $50K | $539K | $3K | $0 |
| Net Debt | $3.65B | $3.21M | $4.15M | $3.75M | $3.46M | $3.04M | $2.54M | $1.72M | $1.31M | -$26K | -$4K | -$39K | $0 |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 |
| Operating Activities | |||||||||||||
| Net Income | -$661K | -$601K | -$643K | -$505K | -$499K | -$1.11M | -$2.9M | -$922K | -$2.55M | -$1.75M | -$300K | -$81K | -$60K |
| Depreciation & Amortization | $49K | $86K | $115K | $68K | $41K | $235K | $772K | $211K | $24K | $28K | $37K | $81K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | -$772K | -$211K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $90K | $216K | $483K | $427K | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $3K | -$10K | $7K | $47K | -$38K | $6K | $33K | $38K | -$100K | -$8K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | -$77K | -$62K | $10K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $73K | $0 | $124K | $0 | -$32K | $77K | $62K | -$10K | $42K | -$12.14M | $8.35M | $3K | $0 |
| Other Working Capital | $12K | $156K | $0 | $0 | $107K | $168K | $135K | $38K | $62K | $12.13M | -$8.34M | $0 | $0 |
| Total Working Capital Change | $89K | $146K | $131K | $47K | $37K | $174K | $168K | $76K | -$38K | -$20K | $10K | $3K | -$10K |
| Other Non-Cash Items | $84K | $0 | $0 | $102K | $0 | $196K | $2.09M | $211K | $1.26M | $10K | $37K | -$81K | $60K |
| Net Cash from Operating | -$440K | -$369K | -$398K | -$288K | -$421K | -$505K | -$552K | -$419K | -$846K | -$1.3M | -$253K | -$78K | -$10K |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | -$283K | $0 | -$1.6M | -$135K | -$25K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $70K | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | -$65K | $0 | -$88K | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | -$273K | $0 | -$1.6M | -$65K | -$25K | -$88K | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | -$400K | -$400K | -$300K | -$300K | -$400K | -$500K | -$850K | -$300K | -$2.25M | -$50K | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $365K | $1M | $195K | $216K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $7K | $7K | $0 | $0 | -$147K | $583K | -$7K | $10K |
| Net Cash from Financing | $400K | $400K | $300K | $300K | $400K | $507K | $857K | $300K | $2.62M | $904K | $778K | $208K | $10K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $166K | $0 |
| Net Change in Cash | -$40K | $31K | -$98K | $12K | -$21K | $3K | $32K | -$119K | $169K | -$466K | $500K | $208K | $0 |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$440K | -$369K | -$398K | -$288K | -$421K | -$505K | -$552K | -$419K | -$846K | -$1.3M | -$253K | -$78K | -$10K |
| Capital Expenditure | $0 | $0 | $4 | $0 | $0 | $0 | -$283K | $0 | -$1.6M | -$135K | -$25K | $0 | $0 |
| Free Cash Flow | -$440K | -$369K | -$398K | -$288K | -$421K | -$505K | -$835K | -$419K | -$2.45M | -$1.44M | -$278K | -$78K | -$10K |
| Cash at Beginning | $86K | $54K | $152K | $140K | $161K | $158K | $126K | $245K | $76K | $542K | $42K | -$166K | $0 |
| Cash at End | $45K | $86K | $54K | $152K | $140K | $161K | $158K | $126K | $245K | $76K | $542K | $42K | $0 |