Here are the 10-K annual reports from Norris Industries Inc (NRIS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow NRIS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRIS filings page.
Norris Industries, Inc. (NRIS) files its annual report describing a small Texas-focused oil and gas producer with modest reserves and ongoing losses. For the year ended February 28, 2026, the company generated $286,086 of oil and gas revenue, down from $329,334, and reported a net loss of $661,431.
Cash was only $45,376, and auditors highlight going concern risks, noting continued losses and dependence on external funding. NRIS has access to a $1,000,000 related-party credit line from JBB Partners but no committed third-party financing. As of March 1, 2026, independent engineers estimate net proved reserves of 33,800 barrels of oil and 132,000 Mcf of gas, supporting discounted future cash flows of $386,800.
The company focuses on small, shallow wells in several Texas fields and plans to use enhanced oil recovery and selective acquisitions to grow. Management also warns extensively about commodity price volatility, geopolitical conflicts, regulatory risk, limited operating history, concentrated control by its majority shareholder, penny stock status and the possibility it may need to curtail or cease operations without new capital.