Rattler Midstream LP - RTLR STOCK NEWS

Rattler Midstream LP (NASDAQ: RTLR) announced its acquisition of water midstream assets from Diamondback Energy subsidiaries for $160 million in cash. The assets include produced water gathering, disposal systems, and recycling facilities acquired from QEP Resources and Guidon Operating. The transaction, part of a drop down process, is expected to close in Q4 2021 and will be funded through cash and credit facilities. Rattler's service agreements with Diamondback will also be amended to include additional leasehold acreage.

Rattler Midstream LP (NASDAQ: RTLR) has completed a significant acquisition of a majority interest in a Midland Basin gas gathering and processing company through a joint venture with a private investment fund, investing approximately $104 million in cash for a minority stake. The assets include a gas gathering system and six processing plants with a capacity of 925 MMcf/d. This strategic move underlines the partnership with Diamondback Energy, crucial for expanding Rattler's midstream capabilities in the Midland Basin.

Rattler Midstream LP (NASDAQ: RTLR) plans to announce its third quarter 2021 financial results on November 3, 2021, after market close. A subsequent conference call for investors will be held on November 4, 2021, at 9:00 a.m. CT. Participants can join via phone or through a live webcast on Rattler's website. Rattler operates midstream energy assets primarily serving Diamondback Energy and other third-party customers under long-term contracts.

Rattler Midstream LP (NASDAQ: RTLR) reported strong financial results for Q2 2021, demonstrating significant recovery and operational success. Key highlights include a consolidated net income of $54.5 million, a 110% increase from the previous quarter, and Adjusted EBITDA of $76.0 million, up 16%. The company generated $81.0 million in Free Cash Flow and raised its cash distribution to $0.25 per common unit, implying a 9.8% yield. Rattler also reduced its 2021 operated midstream capex guidance by 43%. Overall, Rattler ended the quarter with no net balance on its revolving credit facility.

Rattler Midstream LP (NASDAQ: RTLR) will release its second quarter 2021 financial results on August 4, 2021, after the market closes. Following the earnings release, a conference call and webcast will be held on August 5, 2021, at 10:00 a.m. CT to discuss the results. Participants can join by calling specified numbers or via a live internet broadcast. Rattler Midstream, a subsidiary of Diamondback Energy, operates midstream assets primarily in the Permian Basin, providing services under long-term contracts.

Rattler Midstream LP (NASDAQ: RTLR) reported Q1 2021 results with a consolidated net income of $25.9 million and Adjusted EBITDA of $65.3 million, both reflecting decreases from Q4 2020. The company generated cash flow from operations of $52.7 million and Free Cash Flow of $47.4 million. Rattler approved a cash distribution of $0.20 per unit, yielding 7.1%. It repurchased 1.08 million units for $11.1 million and sold its stake in the Amarillo Rattler joint venture for up to $75 million. 2021 guidance remains unchanged.

Rattler Midstream LP (NASDAQ: RTLR) announced plans to release its first quarter 2021 financial results on May 4, 2021, after market close. A conference call will follow on May 5, 2021, at 9:00 a.m. CT for investors and analysts to discuss the results. Participants can join via phone or listen online. Rattler, a subsidiary of Diamondback Energy, focuses on midstream services in the Permian Basin, providing crucial infrastructure assets under long-term contracts.

Rattler Midstream LP (NASDAQ: RTLR) announced its Q4 2020 results, reporting a consolidated net income of $38.9 million and Adjusted EBITDA of $77.6 million. The Board approved a cash distribution of $0.20 per common unit, yielding 7.5% based on a unit price of $10.72. Full year 2020 net income totaled $144.7 million, with a 7% increase in Adjusted EBITDA year-over-year. The company reported a 43% reduction in capital expenditures, forecasting continued free cash flow generation and declining operated capital investments in 2021.

Rattler Midstream LP (NASDAQ: RTLR) announced it will release its fourth quarter 2020 financial results on February 24, 2021, after market close. A conference call to discuss these results is scheduled for February 25, 2021, at 9:00 a.m. CT. The call will be accessible via phone or webcast, with a replay available after the call. Rattler, a subsidiary of Diamondback Energy, focuses on midstream infrastructure assets in the Permian Basin, providing services to Diamondback under long-term, fixed-fee contracts.