Rattler Midstream LP (RTLR)
Rattler Midstream LP operates in the Oil & Gas Midstream industry of the Energy sector, headquartered in Midland, TX, US. The stock last traded at $15.22, up 0.00% on the session, giving a market capitalisation of $2.23B. On trailing twelve-month figures it carries a trailing P/E of 17.70, a net margin of 50.6%. Its beta of 0.00 implies it has historically moved less than the broad market.
Rattler Midstream LP is an energy company primarily focused on owning, operating, developing, and acquiring vital midstream and energy infrastructure assets within the Midland and Delaware Basins, both key regions of the Permian Basin. The firm delivers essential crude oil and water-related midstream services. By the close of 2021, its operational footprint included 866 miles of pipelines dedicated to gathering crude oil, sourced water, and produced water. These pipelines are strategically situated across acreage that overlaps with Diamondback Energy, Inc.'s core development areas in the Midland and Delaware Basins. Rattler Midstream GP LLC functions as the general partner for the company, which was established in 2018 and is based in Midland, Texas. Previously known as Rattler Midstream Partners LP, the company operates as a subsidiary of Diamondback Energy, Inc.
Rattler Midstream LP is most often compared with the following Energy names: