Norris Industries Inc

iwpetroleum.com

What Do They Do?

Produces and sells crude oil and natural gas from Texas properties to wholesalers, pipelines, and other buyers.

How Do They Make Money?

The company sells its share of oil and gas production to wholesalers, pipelines, end users, local distribution companies, and marketers; payment generally arrives in the month after delivery.

FY2026 revenue

Who Are Their Customers?

Oil is sold mainly to wholesalers and other resellers; natural gas goes mainly to pipelines, end users, local distribution companies, and marketers. Production agreements arrange oil pickup and sales and gas sales through local pipelines.

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2027, the three months to Aug 31, 2026

Revenue: ▲ +1%; vs $84.4K in Q2 FY2026
Net income: ▲ +6% (Loss); vs −$151.9K in Q2 FY2026

Shrinking. Revenue fell 37% in 4 years, from $452.3K in FY2022 to $286.1K in FY2026, about 11% a year.

Comments