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Filing Flows › Companies › Energy 11, L.P. › Cash flow

Energy 11, L.P. cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$9.6M in Q2 2026 · $30.2M over twelve months

Operating cash flow$10.1M
Capital spending−$450K
Free cash flow+$9.6M
Cash / net income1.7×
Cash conversion cycle-86 days

Analysis

In Q2 2026, Energy 11, L.P. generated $10.1M of operating cash flow and spent $450K on capital projects, leaving free cash flow of $9.6M. That is $363K more than in Q2 2025 ($9.3M).

Over the twelve months to Jun 30, 2026, operating cash flow was $33.5M; the largest uses were other financing ($27.2M), capital spending ($3.3M); the cash balance rose by $3.0M.

Operating cash flow was $10.1M against net income of $6.1M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$5.3M, receivables −$317K, payables +$54K.

Its cash conversion cycle was -86 days (receivables 47 + inventory 0 − payables 132): suppliers fund its working capital.

Free cash flow

Energy 11, L.P.: free cash flow by quarterEnergy 11, L.P.: free cash flow by quarter$3.4MQ3 2024$4.0MQ4 2024$15.0MQ1 2025$9.3MQ2 2025$6.7MQ3 2025$7.6MQ4 2025$6.3MQ1 2026$9.6MQ2 2026
Operating cash flow less capital spending.
Energy 11, L.P.: operating cash flow against capital spendingEnergy 11, L.P.: operating cash flow against capital spendingOperating cash flowCapital spending$10.0M$6.6MQ3 2024$21.0M$17.0MQ4 2024$16.1M$1.1MQ1 2025$10.7M$1.5MQ2 2025$9.0M$2.3MQ3 2025$7.9M$324KQ4 2025$6.5M$202KQ1 2026$10.1M$450KQ2 2026
Latest (Q2 2026): Operating cash flow $10.1M, Capital spending $450K.

Capital allocation, year by year

Energy 11, L.P.: where the cash came from (up) and went (down), by fiscal yearEnergy 11, L.P.: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2021: Operating cash flow $43.5MFY2021: Net borrowing −$17.0MFY2021: Capital spending −$18.0M$43.5MFY2021FY2022: Operating cash flow $74.7MFY2022: Net borrowing −$400KFY2022: Capital spending −$48.3M$74.7MFY2022FY2023: Operating cash flow $66.5MFY2023: Net borrowing −$22.6MFY2023: Capital spending −$18.5M$66.5MFY2023FY2024: Operating cash flow $53.7MFY2024: Net borrowing $5.0MFY2024: Capital spending −$30.8M$58.7MFY2024FY2025: Operating cash flow $43.7MFY2025: Net borrowing −$5.0MFY2025: Capital spending −$5.1M$43.7MFY2025
Over these 5 years operating cash flow totalled $282M; the largest uses were capital spending ($121M) and net borrowing ($45.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$8.8M
Debtnone
Net cash$8.8M

Energy 11, L.P. funds itself: free cash flow was $30.2M over the last twelve months, with $8.8M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Energy 11, L.P.: sources (+) and uses (−) of cash, Q2 2026Energy 11, L.P.: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$10.1MOther financing−$7.3MCash drawn (+) / kept (−)−$2.3MCapital spending−$450K
Energy 11, L.P.: sources (+) and uses (−) of cash, TTM to Q2 2026Energy 11, L.P.: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$33.5MOther financing−$27.2MCapital spending−$3.3MCash drawn (+) / kept (−)−$3.0M

From profit to cash

Energy 11, L.P.: net income to operating cash flow, Q2 2026Energy 11, L.P.: net income to operating cash flow, Q2 2026Net income$6.1MDepreciation & amortization$5.3MReceivables−$317KPayables$54KPrepaid and other assets$45KOperating cash flow$10.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202647—132-86
Q1 202644—116-72
Q4 202548—105-57

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$10.1M−$450K—−$2.3M$9.6M
Q1 2026$6.5M−$202K—$390K$6.3M
Q4 2025$7.9M−$324K—−$975K$7.6M
Q3 2025$9.0M−$2.3M—−$59K$6.7M
Q2 2025$10.7M−$1.5M—−$2.2M$9.3M
Q1 2025$16.1M−$1.1M−$5.0M−$3.4M$15.0M
Q4 2024$21.0M−$17.0M$3.7M$141K$4.0M
Q3 2024$10.0M−$6.6M—$1.9M$3.4M

Energy 11, L.P.: income statement and cash flow

Energy 11, L.P., Q2 2026: revenue $16.4M (-0.7% year over year), operating margin 30.4%. The chart follows the revenue to costs, profit and cash.

Energy 11, L.P.: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.