v3.26.1

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 6,507,183	$ 6,897,207
Accounts receivable	8,274,890	6,216,739
Other current assets, net	45,478	101,020
Total Current Assets	14,827,551	13,214,966
Oil and natural gas properties, successful efforts method, net of accumulated depreciation, depletion and amortization of $208,685,451 and $203,009,147, respectively	310,203,652	315,539,034
Total Assets	325,031,203	328,754,000
Liabilities
Accounts payable and accrued expenses	5,831,281	6,021,436
Total Current Liabilities	5,831,281	6,021,436
Asset retirement obligations	2,265,252	2,234,607
Total Liabilities	8,096,533	8,256,043
Partners’ Equity
Limited partners' interest (18,973,474 common units issued and outstanding, respectively)	316,936,397	320,499,684
General partner's interest	(1,727)	(1,727)
Class B Units (62,500 units issued and outstanding, respectively)	0	0
Total Partners’ Equity	316,934,670	320,497,957
Total Liabilities and Partners’ Equity	$ 325,031,203	$ 328,754,000

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Energy 11, L.P. 10-Q