Energy 11, L.P.·8-K

May 21, 10:48 AM ET

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Energy 11, L.P. 8-K

Research Summary

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Energy 11, L.P. Declares Special and Monthly Distributions through July 2026

What Happened
Energy 11, L.P. filed an 8-K on May 21, 2026 reporting that Energy 11 GP, LLC (the General Partner) approved a distribution schedule for 2026 and has declared and paid monthly cash distributions. The Partnership paid $0.46 per common unit for January–April 2026 (≈ $8.7 million). It declared $0.12 per unit for May 2026 (payable June 3, 2026 to holders of record May 31, 2026). For June 2026, the Partnership will pay the scheduled $0.12 per unit plus a General Partner-approved special distribution of $0.12 per unit; both amounts (total $0.24 per unit, ≈ $4.6 million) are scheduled to be paid July 6, 2026 to holders of record June 30, 2026.

Key Details

  • Filing: Form 8-K filed May 21, 2026 by Energy 11, L.P.
  • Paid Jan–Apr 2026 distributions: $0.46 per common unit (≈ $8.7M).
  • May 2026 distribution: $0.12 per unit (payable June 3, 2026; record date May 31, 2026).
  • June + special distribution: $0.12 scheduled + $0.12 special = $0.24 per unit (≈ $4.6M), payable July 6, 2026 (record date June 30, 2026).
  • Accumulated unpaid distributions after the special payment: $2.083789 per unit (≈ $39.5M).
  • Reasons given for the special distribution: no outstanding debt, no immediate drilling planned by the primary operator for the rest of 2026, and stronger cash flow from operations at elevated market prices.

Why It Matters
The distributions provide near-term cash returns to common unitholders and the special payment reduces the Partnership’s accumulated unpaid distribution balance (an amount owed before any final payout). The filing also signals the Partnership’s available liquidity (no outstanding debt) and that the General Partner is actively managing distributions against projected cash needs for operations and future capital expenditures. Investors should note the remaining accumulated unpaid distributions balance and that the General Partner may adjust future monthly distributions based on operations, capex and cash requirements.

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