Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin in West Texas. The company operates in two segments, Midstream Services and Real Estate Operations. It provides crude oil, natural gas, and water-related midstream services. As of December 31, 2020, the company owned and operated 927 miles of crude oil, natural gas, sourced water and produced water gathering pipelines on acreage that overlays Diamondback's seven core Midland and Delaware Basin development areas. It also rents real estate properties. Rattler Midstream GP LLC serves as the general partner of the company. The company was formerly known as Rattler Midstream Partners LP. The company was incorporated in 2018 and is based in Midland, Texas. Rattler Midstream LP is a subsidiary of Diamondback Energy, Inc.
IPO Year: 2019
Exchange: NASDAQ
Website: rattlermidstream.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/16/2022 | $17.00 → $14.00 | Overweight → Equal Weight | Wells Fargo |
5/2/2022 | $15.00 | Hold | Truist |
3/7/2022 | $13.00 → $14.00 | Neutral | Credit Suisse |
2/25/2022 | $14.00 → $15.00 | Outperform | Raymond James |
11/12/2021 | $12.00 → $13.00 | Neutral | Credit Suisse |
8/13/2021 | $12.00 → $11.00 | Equal-Weight → Underweight | Barclays |
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Wells Fargo downgraded Rattler Midstream from Overweight to Equal Weight and set a new price target of $14.00 from $17.00 previously
Truist resumed coverage of Rattler Midstream with a rating of Hold and set a new price target of $15.00
Credit Suisse reiterated coverage of Rattler Midstream with a rating of Neutral and set a new price target of $14.00 from $13.00 previously
Raymond James reiterated coverage of Rattler Midstream with a rating of Outperform and set a new price target of $15.00 from $14.00 previously
Credit Suisse reiterated coverage of Rattler Midstream with a rating of Neutral and set a new price target of $13.00 from $12.00 previously
Barclays downgraded Rattler Midstream from Equal-Weight to Underweight and set a new price target of $11.00 from $12.00 previously
Wells Fargo reiterated coverage of Rattler Midstream with a rating of Overweight and set a new price target of $13.00 from $12.00 previously
Raymond James upgraded Rattler Midstream from Market Perform to Outperform and set a new price target of $13.00
JPMorgan Chase & Co. reiterated coverage of Rattler Midstream with a rating of Overweight and set a new price target of $13.00 from $12.00 previously
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MIDLAND, Texas, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") and Rattler Midstream LP (NASDAQ:RTLR) ("Rattler") today announced the completion of the previously announced merger between Rattler and Diamondback. The merger resulted in Diamondback acquiring all of the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. Each public unitholder of Rattler received 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned. Effective August 24, 2022, Rattler's common units will no longer be listed on The Nasdaq Global Select Market, and it will cease to be a publicly traded co
OVERLAND PARK, KS / ACCESSWIRE / August 23, 2022 / TortoiseEcofin today announced that Rattler Midstream LP (NASDAQ:RTLR) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with Diamondback Energy Inc (NASDAQ:FANG). Due to the merger, RTLR will be removed from both indices at market open on Thursday, August 25, 2022.For Tortoise MLP Index® (TMLP), RTLR will be removed with a special rebalancing. RTLR will be dropped from Tortoise North American Pipeline IndexSM (TNAP) without special rebalancing.Special rebalancings in each of TMLP and TNAP are triggered by corporate actions such as mergers, bankrup
MIDLAND, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2022. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. SECOND QUARTER 2022 HIGHLIGHTS Q2 2022 consolidated net income (including non-controlling interest) of $55.1 millionQ2 2022 Adjusted EBITDA (as defined and reconciled below) of $102.4 millionQ2 2022 cash flow provided by operating activities of
MIDLAND, Texas, July 14, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2022 financial results on August 3, 2022 after the market closes. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. IMPORTANT INFORMATION FOR INVESTORS;ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is for information purposes only does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicita
MIDLAND, Texas, May 16, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") and Rattler Midstream LP (NASDAQ:RTLR) ("Rattler") today announced that, on May 15, 2022, they entered into a definitive agreement for Diamondback to acquire all of the publicly held common units representing the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. The agreement provides for an all-stock transaction whereby each public unitholder of Rattler would receive 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned, an exchange ratio that implies a premium of 17.3% for Rattler common units based on t
MIDLAND, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the first quarter ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS Q1 2022 consolidated net income (including non-controlling interest) of $37.1 millionQ1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 millionQ1 2022 cash flow provided by operating activities of $59.9 millionQ1 2022 cash operated capital expenditures of $17.9 millionQ1 2022 consolidated Free Cash Flow (as defined and reconciled below) of $44.9 millionBoar
EPIC Crude delivering record volumes of 500,000 barrels per day EPIC Crude Holdings, LP ("EPIC Crude" or "the Company") continues to ship record crude volumes of 500,000 barrels per day during 2022. EPIC Crude provides shippers access to the premium Corpus Christi market including EPIC Crude's export facility as well as local refineries and other export docks. The overall quality of crude being transported continues to differentiate EPIC Crude from other transport providers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220406005205/en/Crude Map (Graphic: Business Wire) "This has been a great start to the year for EPIC Crude,"
MIDLAND, Texas, April 05, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release first quarter 2022 financial results on May 3, 2022 after the market closes. In connection with the earnings release, Rattler will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2022 on Wednesday, May 4, 2022 at 9:00 a.m. CT. Participants should call (877) 288-2756 (United States/Canada) or (470) 495-9481 (International) and use the confirmation code 2976565. A telephonic replay will be available from 12:00 p.m. CT on
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) ("Solaris" or the "Company") announced today that Ms. Laurie Argo has been named to the Company's Board of Directors (the "Board"), effective March 16, 2022. Ms. Argo will also serve as an independent member of Solaris' Audit Committee. With the addition of Ms. Argo, the Board is now composed of 9 members, including 7 independent directors. "We are pleased to welcome Laurie to our Board and look forward to the unique perspective she will bring," said Bill Zartler, Solaris Chairman and Chief Executive Officer. "Laurie has over 25 years of experience and leadership in the energy industry and will provide invaluable insight to Solaris as we con
MIDLAND, Texas, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the fourth quarter ended December 31, 2021. FOURTH QUARTER 2021 HIGHLIGHTS Q4 2021 consolidated net income (including non-controlling interest) of $44.5 millionQ4 2021 consolidated Adjusted EBITDA (as defined and reconciled below) of $80.8 millionQ4 2021 cash flow provided by operating activities of $62.3 millionQ4 2021 cash operated capital expenditures of $8.0 millionQ4 2021 consolidated Free Cash Flow (as defined and reconciled below) of $54.1 millio
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MIDLAND, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2022. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. SECOND QUARTER 2022 HIGHLIGHTS Q2 2022 consolidated net income (including non-controlling interest) of $55.1 millionQ2 2022 Adjusted EBITDA (as defined and reconciled below) of $102.4 millionQ2 2022 cash flow provided by operating activities of
MIDLAND, Texas, July 14, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2022 financial results on August 3, 2022 after the market closes. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. IMPORTANT INFORMATION FOR INVESTORS;ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is for information purposes only does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicita
MIDLAND, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the first quarter ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS Q1 2022 consolidated net income (including non-controlling interest) of $37.1 millionQ1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 millionQ1 2022 cash flow provided by operating activities of $59.9 millionQ1 2022 cash operated capital expenditures of $17.9 millionQ1 2022 consolidated Free Cash Flow (as defined and reconciled below) of $44.9 millionBoar
MIDLAND, Texas, April 05, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release first quarter 2022 financial results on May 3, 2022 after the market closes. In connection with the earnings release, Rattler will host a conference call and webcast for investors and analysts to discuss its results for the first quarter of 2022 on Wednesday, May 4, 2022 at 9:00 a.m. CT. Participants should call (877) 288-2756 (United States/Canada) or (470) 495-9481 (International) and use the confirmation code 2976565. A telephonic replay will be available from 12:00 p.m. CT on
MIDLAND, Texas, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the fourth quarter ended December 31, 2021. FOURTH QUARTER 2021 HIGHLIGHTS Q4 2021 consolidated net income (including non-controlling interest) of $44.5 millionQ4 2021 consolidated Adjusted EBITDA (as defined and reconciled below) of $80.8 millionQ4 2021 cash flow provided by operating activities of $62.3 millionQ4 2021 cash operated capital expenditures of $8.0 millionQ4 2021 consolidated Free Cash Flow (as defined and reconciled below) of $54.1 millio
MIDLAND, Texas, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release fourth quarter 2021 financial results on February 23, 2022 after the market closes. In connection with the earnings release, Rattler will host a conference call and webcast for investors and analysts to discuss its results for the fourth quarter of 2021 on Thursday, February 24, 2022 at 9:00 a.m. CT. Participants should call (877) 288-2756 (United States/Canada) or (470) 495-9481 (International) and use the confirmation code 2297026. A telephonic replay will be available from 12:00
MIDLAND, Texas, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the third quarter ended September 30, 2021. THIRD QUARTER 2021 HIGHLIGHTS Q3 2021 consolidated net income (including non-controlling interest) of $38.9 millionQ3 2021 consolidated Adjusted EBITDA (as defined and reconciled below) of $75.0 millionQ3 2021 cash flow provided by operating activities of $57.4 million; Q3 2021 Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $66.4 millionQ3 2021 cash operated capital exp
MIDLAND, Texas, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2021. THIRD QUARTER 2021 HIGHLIGHTS Q3 2021 average production of 239.8 MBO/d (404.3 MBOE/d)Q3 2021 Permian Basin production of 223.0 MBO/d (374.3 MBOE/d)Q3 2021 cash flow from operating activities of $1,199 million; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1,131 millionQ3 2021 cash capital expenditures of $391 million; Q3 2021 activity-based capital expenditures incurred of approximately $430 millionQ3 2021 Free Cash Flow (as defin
MIDLAND, Texas, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release third quarter 2021 financial results on November 3, 2021 after the market closes. In connection with the earnings release, Rattler will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2021 on Thursday, November 4, 2021 at 9:00 a.m. CT. Participants should call (877) 288-2756 (United States/Canada) or (470) 495-9481 (International) and use the confirmation code 7367188. A telephonic replay will be available from 12:00 p.
MIDLAND, Texas, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2021. SECOND QUARTER 2021 HIGHLIGHTS Q2 2021 consolidated net income (including non-controlling interest) of $54.5 millionQ2 2021 consolidated Adjusted EBITDA (as defined and reconciled below) of $76.0 millionQ2 2021 cash flow provided by operating activities of $75.7 million; Q2 2021 Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $62.8 millionQ2 2021 cash operated capital expend