Material Event (Form 8-K)

Item 8.01 - Other Events

Limited Partner Distributions

In December 2025, the Board of Directors of Energy 11 GP, LLC, the general partner ("General Partner") of the Partnership, approved a cash distribution schedule ("Distribution Schedule") to holders of Partnership common units for the year ending December 31, 2026. In accordance with the Distribution 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 May 2026, the Partnership declared a monthly cash distribution 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 be paid 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 addition to the scheduled June 2026 distribution, the General Partner has approved a special distribution of $0.12 per common unit to holders of Partnership common units that will reduce the accumulated unpaid distribution total. This special distribution, 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 total distributions to be paid on July 6, 2026 amount to $0.24 per common unit, or approximately $4.6 million.

Several factors contributed to the General Partner declaring the special distribution, which include: (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 Partnership's projected cash requirements for operations, capital expenditures for new wells and debt service, if any.

The Partnership accumulates unpaid distributions based on an annualized return of seven percent (7%), and all accumulated unpaid distributions are required to be paid before final Payout occurs, as defined in our Prospectus. After the special distribution described above, the accumulated unpaid distributions total is $2.083789 per common unit, or approximately $39.5 million.