UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~February~~May 2521, 2026

ENERGY 11, L.P.

(Exact name of registrant as specified in its charter)

Delaware	000-55615	46-3070515
(State or other jurisdiction of	(Commission File Number)	(IRS Employer
incorporation)		Identification No.)

120 W 3rd Street, Suite 220 Fort Worth, Texas	76102
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (817) 882-9192

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Energy 11, L.P. (the "Partnership") is filing this report in accordance with ~~Items~~Item 18.01 ~~and 2.03~~ of Form 8-K.

Item 18.01 – ~~Entry~~ ~~into~~Other ~~a Material Definitive Agreement~~Events

OnLimited ~~February~~Partner 20, 2026, the Partnership and its wholly-owned subsidiary, as borrowers, and BancFirst, as administrative agent and lender (“Lender), entered into an amendment (“Seventh Amendment”) to its loan agreement ("BF Loan Agreement"), with an effective date of March 1, 2026 (the "Effective Date"). The Seventh Amendment renewed and extended the existing credit facility ("BF Credit Facility") for one additional year to March 1, 2027. In addition to the maturity date extension, other key terms of the Seventh Amendment include:Distributions

•In ~~The~~December 2025, the Board of Directors of Energy 11 GP, LLC, the general partner ("General Partner") of the Partnership, ~~elected~~approved toa ~~voluntarily~~cash ~~reduce~~distribution ~~its~~schedule ~~borrowing~~("Distribution ~~base~~Schedule") to ~~$10~~holders ~~million~~of Partnership common units for the year ending December 31, as2026. ofIn accordance with the ~~Effective~~Distribution ~~Date~~Schedule, the Partnership has declared and paid distributions for the months of January 2026 through April 2026 totaling $0.46 per outstanding common unit, or approximately $8.7 million.

•In ~~The~~May ~~incremental~~2026, ~~borrowing~~the ~~fee~~Partnership ~~decreased~~declared ~~from~~a monthly 50cash ~~basis~~distribution ~~points~~to holders of Partnership common units of $0.12 per outstanding common unit for the month of May 2026. This May distribution is scheduled to 25be ~~basis~~paid ~~points~~on June 3, 2026 to common unit holders on record as of May 31, 2026. Further, the Partnership is scheduled to declare a monthly cash distribution to holders of Partnership common units of $0.12 per outstanding common unit for the month of June 2026.

•In ~~The~~addition ~~Partnership~~to ~~paid~~the scheduled June 2026 distribution, the General Partner has approved a ~~renewal~~special ~~fee~~distribution of $250.12 per common unit to holders of Partnership common units that will reduce the accumulated unpaid distribution total. This special distribution,~~000~~ along with the scheduled June 2026 distribution, is scheduled to be paid on July 6, 2026 to common unit holders on record as of June 30, 2026. Together, the ~~Lender~~total ~~upon~~distributions ~~execution~~to be paid on July 6, 2026 amount to $0.24 per common unit, or approximately $4.6 million.

~~All~~Several ~~associated~~factors ~~loan~~contributed ~~costs~~to ~~with~~the General Partner declaring the ~~Seventh~~special ~~Amendment~~distribution, ~~will~~which ~~be expensed~~include: as(a) the Partnership having no outstanding debt; (b) no immediate plans from its primary operator to drill new wells on Partnership acreage for the remainder of 2026; and (c) cash flow generated from operations at elevated market prices. The General Partner will continue to monitor monthly Partnership distributions in conjunction with the ~~Effective~~Partnership’s ~~Date~~projected cash requirements for operations, capital expenditures for new wells and debt service, if any.

~~All~~The ~~other~~Partnership ~~terms~~accumulates ~~and~~unpaid ~~conditions~~distributions ofbased ~~the~~on BFan ~~Loan~~annualized ~~Agreement~~return of seven percent (7%), and ~~its~~all ~~subsequent~~accumulated ~~amendments~~unpaid ~~remain~~distributions inare ~~effect.~~required Atto ~~the~~be ~~time~~paid ofbefore ~~the~~final ~~filing~~Payout ofoccurs, ~~this~~as ~~Form~~defined ~~8-K~~in our Prospectus. After the special distribution described above, the ~~Partnership~~accumulated ~~had~~unpaid nodistributions total is $2.083789 ~~outstanding~~per ~~borrowings~~common onunit, ~~the~~or BFapproximately ~~Credit~~$39.5 ~~Facility~~million.

The foregoing summary of the Seventh Amendment does not purport to be complete statements of the terms and conditions under the Seventh Amendment, of which are qualified in their entirety by the full terms and conditions of the Seventh Amendment, which is filed as exhibit 10.1.

Item 2.03 – Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth under Item 1.01 of this report is hereby incorporated by reference into this Item 2.03.

Item 9.01 – Financial Statements and Exhibits

(d) The following exhibits are being filed herewith:

EXHIBIT NUMBER		Description Of Exhibit
10.1		Seventh Amendment to Credit Agreement dated effective as of March 1, 2026 by and among Energy 11 Operating Company, LLC and Energy 11, L.P. as Borrowers, BancFirst, as Administrative Agent for the Lender hereto*
104		Cover Page Interactive Data File (formatted as Inline XBRL)
* Filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	~~February~~May 2521, 2026
		ENERGY 11, L.P.
		By:	/s/ David S. McKenney
			David S. McKenney
			Chief Financial Officer of Energy 11 GP, LLC

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