ENERGY 11, L.P.

EDGAR

Annual consolidated revenue for 2025: about USD 66.28M, using the latest reported figures. The previous period, 2024, was about USD 85.81M.

Watchlist

Latest quarter

Revenue

16.4 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

30.44%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 5000034 USD Source
  • Revenue: 16428329 USD Source

Operating cash flow

10.1 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 16548791 USD Source
  • Operating Cash Flow: 6453134 USD Source
Cash and cash equivalents
8.84 million USD Source
Exact value

8837602 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

60.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 15797147 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 66282748 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 53200490 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 14753200 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 16428329 USD · 2026-04-01 – 2026-06-30 Source

Net income

10.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 1045713 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 8855771 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 8486469 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 3077429 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 6062148 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

33.5 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 35836506 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 26824328 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 43737749 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 35836506 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 6453134 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 16548791 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 6453134 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-12.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -22.8%

    Prior period

    USD 85.81 million

    –

    Current period

    USD 66.28 million

    –

    Exact inputs and evidence

    66282748 − 85806754 = -19524006 USD

    85806754 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    66282748 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -66.8%

    Prior period

    USD 26.67 million

    –

    Current period

    USD 8.86 million

    –

    Exact inputs and evidence

    8855771 − 26670865 = -17815094 USD

    26670865 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    8855771 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -18.5%

    Prior period

    USD 53.68 million

    –

    Current period

    USD 43.74 million

    –

    Exact inputs and evidence

    43737749 − 53684797 = -9947048 USD

    53684797 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    43737749 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 66.28 million 100% of revenue
  • Operating costs Derived USD 57.28 million 86% of revenue
  • Operating income USD 9.01 million 14% of revenue
  • Tax, interest and other Derived USD 151,597 0.2% of revenue
  • Net income USD 8.86 million 13% of revenue

Cash

  • Operating cash flow USD 43.74 million 66% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 19%77%
  • 2018 34%61%
  • 2019 24%74%
  • 2020 Operating loss: operating costs were 102% of revenue.
  • 2021 38%56%
  • 2022 48%45%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 31%69%
  • 2025 13%86%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-3141012740 31434977 Derived 9577763 1681441 Derived 7896322 Unavailable
Source
2018 2018-01-01 – 2018-12-3154732228 33581706 Derived 21150522 2512484 Derived 18638038 Unavailable
Source
2019 2019-01-01 – 2019-12-3136019602 26490634 Derived 9528968 1048518 Derived 8480450 Unavailable
Source
2020 2020-01-01 – 2020-12-3136522076 37146761 Derived -624685 2180638 Derived -2805323 Unavailable
Source
2021 2021-01-01 – 2021-12-3174098163 41309695 Derived 32788468 4738818 Derived 28049650 Unavailable
Source
2022 2022-01-01 – 2022-12-31112030792 49863711 Derived 62167081 8729074 Derived 53438007 Unavailable
Source
2023 2023-01-01 – 2023-12-3199792852 63344691 Derived 36448161 -66919 Derived 36515080 Unavailable
Source
2024 2024-01-01 – 2024-12-3185806754 58955543 Derived 26851211 180346 Derived 26670865 Unavailable
Source
2025 2025-01-01 – 2025-12-3166282748 57275380 Derived 9007368 151597 Derived 8855771 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 66.3M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.121.0M90.7M60.5M30.2M0.0201720212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue41012740
2018Revenue54732228
2019Revenue36019602
2020Revenue36522076
2021Revenue74098163
2022Revenue112030792
2023Revenue99792852
2024Revenue85806754
2025Revenue66282748

Revenue growth

Change in revenue from the same financial period one year earlier.

-22.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.114%74%34%-5%-45%201720212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year33.5%
2019Year over year-34.2%
2020Year over year1.4%
2021Year over year102.9%
2022Year over year51.2%
2023Year over year-10.9%
2024Year over year-14%
2025Year over year-22.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 13.6% 2025
Net margin 13.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.61%42%24%6%-13%201720212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin23.4%
2018Operating margin38.6%
2019Operating margin26.5%
2020Operating margin-1.7%
2021Operating margin44.3%
2022Operating margin55.5%
2023Operating margin36.5%
2024Operating margin31.3%
2025Operating margin13.6%
2017Net margin19.3%
2018Net margin34.1%
2019Net margin23.5%
2020Net margin-7.7%
2021Net margin37.9%
2022Net margin47.7%
2023Net margin36.6%
2024Net margin31.1%
2025Net margin13.4%
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 43.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.80.7M60.5M40.4M20.2M0.0201720212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow20665996
2018Operating cash flow33994008
2019Operating cash flow20677679
2020Operating cash flow20693225
2021Operating cash flow43474244
2022Operating cash flow74741459
2023Operating cash flow66541615
2024Operating cash flow53684797
2025Operating cash flow43737749

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

2.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16.8%12.6%8.4%4.2%0.0%201720212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets7.4%
2018Liabilities / assets5.4%
2019Liabilities / assets13.7%
2020Liabilities / assets15.5%
2021Liabilities / assets10.8%
2022Liabilities / assets11.5%
2023Liabilities / assets3.2%
2024Liabilities / assets4.2%
2025Liabilities / assets2.5%

Current assets to current liabilities

Current assets divided by current liabilities.

2.19× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.02×3.76×2.51×1.25×0.00×201720212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities4.65×
2018Current assets / current liabilities0.63×
2019Current assets / current liabilities0.32×
2020Current assets / current liabilities0.17×
2021Current assets / current liabilities1.47×
2022Current assets / current liabilities1.12×
2023Current assets / current liabilities1.38×
2024Current assets / current liabilities1.75×
2025Current assets / current liabilities2.19×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 5.23 million
Exact value

Exact value: -5230564 USD

2016-01-01 – 2016-12-31: -5230564 USD Inspect Net Income Open source
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USD 6.95 million
Exact value

Exact value: 6949384 USD

2016-01-01 – 2016-12-31: 6949384 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 7.9 million
Exact value

Exact value: 7896322 USD

2017-01-01 – 2017-12-31: 7896322 USD Inspect Net Income Open source
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USD 20.67 million
Exact value

Exact value: 20665996 USD

2017-01-01 – 2017-12-31: 20665996 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 18.64 million
Exact value

Exact value: 18638038 USD

2018-01-01 – 2018-12-31: 18638038 USD Inspect Net Income Open source
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USD 33.99 million
Exact value

Exact value: 33994008 USD

2018-01-01 – 2018-12-31: 33994008 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 8.48 million
Exact value

Exact value: 8480450 USD

2019-01-01 – 2019-12-31: 8480450 USD Inspect Net Income Open source
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USD 20.68 million
Exact value

Exact value: 20677679 USD

2019-01-01 – 2019-12-31: 20677679 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
−USD 2.81 million
Exact value

Exact value: -2805323 USD

2020-01-01 – 2020-12-31: -2805323 USD Inspect Net Income Open source
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USD 20.69 million
Exact value

Exact value: 20693225 USD

2020-01-01 – 2020-12-31: 20693225 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 28.05 million
Exact value

Exact value: 28049650 USD

2021-01-01 – 2021-12-31: 28049650 USD Inspect Net Income Open source
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USD 43.47 million
Exact value

Exact value: 43474244 USD

2021-01-01 – 2021-12-31: 43474244 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 53.44 million
Exact value

Exact value: 53438007 USD

2022-01-01 – 2022-12-31: 53438007 USD Inspect Net Income Open source
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USD 74.74 million
Exact value

Exact value: 74741459 USD

2022-01-01 – 2022-12-31: 74741459 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 36.52 million
Exact value

Exact value: 36515080 USD

2023-01-01 – 2023-12-31: 36515080 USD Inspect Net Income Open source
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USD 66.54 million
Exact value

Exact value: 66541615 USD

2023-01-01 – 2023-12-31: 66541615 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 26.67 million
Exact value

Exact value: 26670865 USD

2024-01-01 – 2024-12-31: 26670865 USD Inspect Net Income Open source
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USD 53.68 million
Exact value

Exact value: 53684797 USD

2024-01-01 – 2024-12-31: 53684797 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 8.86 million
Exact value

Exact value: 8855771 USD

2025-01-01 – 2025-12-31: 8855771 USD Inspect Net Income Open source
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USD 43.74 million
Exact value

Exact value: 43737749 USD

2025-01-01 – 2025-12-31: 43737749 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

52 filings · 2,013 latest values · 2,013 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001581552, 1581552, edgar:1581552

Also known as ENERGY 11, L.P., Energy 11, L.P, Energy 11, L.P.