Filing Flows › Energy › Energy Resources 12, L.P.
Energy Resources 12, L.P. earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026
Q2 2026 Revenue up 12% year over year to $7.2M · 6¢ of every $1 of revenue kept as net profit · operating margin 2.4%
Energy Resources 12, L.P. made $7.2M in Q2 2026 (+12% Y/Y): Oil $6.0M, Natural Gas Liquids (NGL) $850K, Natural Gas $336K. Operating margin 2.4%, net earnings $457K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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What changed this quarter
Revenue was $7.2M in Q2 2026, up 12% year over year and up 19% from the previous quarter. Oil was the largest line at 83% of revenue. Oil added $760K year over year (up 15%), 97% of the total change. Natural Gas declined 32%.
Operating profit was $175K, a 2.4% margin (up 37.2 points year over year). Total costs fell 19% while revenue rose 12%. Net earnings were $457K. The effective tax rate was 0.0%. Non-operating items added $282K, 62% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.3M (up 5% year over year), 499% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization. Working capital and other items used $874K. Capital expenditures of $1.5M left free cash flow of $773K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $7.2M | +12% | 2.4% | $457K | $2.3M |
| Q1 2026 | 10-Q | May 12, 2026 | $6.0M | -23% | -20.8% | −$1.4M | $1.6M |
| Q4 2025 | 10-K | Mar 25, 2026 | $5.8M | -29% | -36.4% | −$2.2M | $872K |
| Q3 2025 | 10-Q | Nov 13, 2025 | $6.0M | -41% | -43.4% | −$2.8M | $1.6M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $6.4M | -30% | -34.7% | −$2.3M | $2.2M |
| Q1 2025 | 10-Q | May 15, 2025 | $7.9M | -9% | -12.4% | −$1.1M | $3.4M |
| Q4 2024 | 10-K | Mar 26, 2025 | $8.1M | -22% | -16.2% | −$1.4M | $5.4M |
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About Energy Resources 12, L.P.
Energy Resources 12, L.P. (the “Partnership”) is a Delaware limited partnership formed to acquire producing and non-producing oil and natural gas properties onshore in the United States and to develop those properties. The initial capitalization of the Partnership of $1,000 occurred on December 30, 2016. The Partnership completed its best-efforts offering in October 2019 with a total of approximately 11.0 million common units sold for gross proceeds of $218.0 million and proceeds net of offering costs of $204.3 million. As of December 31, 2025, the Partnership owned an approximate 5.3% non-operated working interest in 452 producing wells, predominantly in McKenzie, Dunn, McLean and Mountrail counties of North Dakota (collectively, the “Bakken Assets”), and possible future development locations in the Bakken Assets.
In its own words, from its 10-K, filed Mar 25, 2026.
Energy Resources 12, L.P. against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +46%. Operating margin: 2.4% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Energy Resources 12, L.P. | Q2 2026 | $7.2M | +12% | 2.4% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: Energy Resources 12, L.P. 10-Q on SEC EDGAR · CIK 1696088 · Crude Petroleum & Natural Gas