| Metric | Q2-26 | Q2-25 |
|---|---|---|
| Revenue | 0.09 | 0.08 |
| Net Income | -0.16 | -0.15 |
| Diluted EPS | -0.00 | -0.00 |
- Net Income YoY
- -6.2%
Key highlights
- Second-quarter revenue reached $0.09 million, up from $0.08 million in the prior year period
- Net loss widened to $0.16 million, representing a 6.2 percent year-over-year decrease in net income
- Company reports a stockholders deficit of $5.25 million as of August 31, 2026
- Relative Strength Index (RSI) stands at 13.1, indicating the security is in an oversold technical zone
- Liquidity is supported by a $600,000 credit line with a related party for Texas operations
How the Period Went
Norris Industries reported revenue of $0.09 million for the second quarter of fiscal 2026, a slight improvement over the $0.08 million recorded in the same period last year. Despite this growth in top-line receipts, the company recorded a net loss of $0.16 million, compared to a loss of $0.15 million in the prior year quarter. This 6.2% year-over-year decline in net income underscores the challenge of balancing fixed operational costs against modest production volumes. For the six-month period ending August 31, 2026, total net losses amounted to $403,621, up from $319,297 in the comparable 2025 period.
Margins and Profitability
- Diluted earnings per share remained flat at $0.00 for the quarter
- Net income decreased by 6.2% year-over-year as expenses outpaced revenue gains
- The company reported a significant stockholders deficit of $5.25 million
- Ongoing operations are heavily reliant on a $600,000 credit line with a related party
- Six-month operational losses expanded to over $0.40 million due to sustained E&P costs
Business Overview
Norris Industries, Inc. operates as an independent energy company focused on the acquisition and development of oil and natural gas properties, specifically targeting the upstream sector in Texas. The company’s primary revenue driver is the production and sale of crude oil and natural gas. Research from ih.advfn.com indicates the company held a backlog of $0 as of May 31, 2026, which is standard for upstream producers selling directly to the spot market. Management’s current focus remains on maintaining existing production levels while managing a restricted capital structure and a substantial stockholders' deficit.
Financial Context
With a market capitalization of $14.19 million, Norris Industries currently trades with a Relative Strength Index of 13.1, placing the stock in a technical oversold position. The company has seen its share price decline by 11.23% over the last month. Historically, quarterly revenue has hovered around the $0.1 million mark according to data from Stocktitan. Looking ahead, the company faces a long-term debt milestone with its $1.0 million convertible credit facility set to mature on January 18, 2028. Currently, $0.80 million of that facility remains undrawn, providing a thin buffer for future operational needs.
Down 11.2% over the last month ($0.15 on 14 Sep → $0.13 on 12 Oct). Daily closing prices. Source: Yahoo Finance.
Show the prices
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| 15 Sep | $0.15 |
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| 21 Sep | $0.15 |
| 22 Sep | $0.13 |
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| 12 Oct | $0.13 |
Industry Landscape
The Oil & Gas E&P sector continues to be characterized by high capital intensity and sensitivity to commodity price fluctuations. Small-scale operators like Norris Industries face intense competition for mineral rights and drilling services, often operating with much tighter margins than diversified majors. Peer comparisons in the micro-cap energy space show a shared struggle with liquidity, as many junior explorers rely on related-party financing or dilutive equity raises to fund exploration. The company's focus on Texas assets provides geographic concentration in a mature basin, though its fiscal health remains dependent on stabilizing cash flows from its limited production base.
| Date | Announcement | Amount |
|---|---|---|
| 15 Jul 2026 | Q1 FY2027 revenueSource: stocktitan.net | $0.1 Million |
| 10 Mar 2026 | Q3 FY2026 revenueSource: stocktitan.net | $0.1 Million |
| 14 Oct 2025 | Q2 FY2026 revenueSource: stocktitan.net | $0.1 Million |
| 15 Jul 2025 | Q1 FY2026 revenueSource: stocktitan.net | $0.1 Million |
| 14 Jan 2025 | Q3 FY2025 revenueSource: streetinsider.com | $0.1 Million |
| 15 Oct 2024 | Q2 FY2025 revenueSource: stocktitan.net | $0.1 Million |
| Share price | $0.13 |
|---|---|
| Market cap | $14M |
| Revenue (annual) | $286,086 |
| 1-month price change | -11.23% |
| Sector | EnergyOil & Gas E&P |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
SEC filing by Norris Industries, Inc. announcing its second quarter fiscal 2026 results.
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