Announcement • Aug 25
Rattler Midstream to Be Delist from Nasdaq Diamondback Energy (FANG) and Rattler Midstream LP (RTLR) 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 immediately, Rattler's common units will no longer be listed on Nasdaq and it will cease to be a publicly traded company. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.31 (vs US$0.29 in 2Q 2021) Second quarter 2022 results: EPS: US$0.31. Revenue: US$104.4m (up 3.2% from 2Q 2021). Net income: US$12.0m (flat on 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 5.2%, compared to a 43% growth forecast for the industry in Germany. Announcement • Aug 04
Rattler Midstream LP Approves Cash Dividend for the Second Quarter of 2022, Payable on August 23, 2022 On July 27, 2022, the Board of Directors of Rattler's general partner approved a cash distribution for the second quarter of 2022 of $0.30 per common unit, payable on August 23, 2022 to unitholders of record at the close of business on August 16, 2022. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director of Rattler Midstream GP LLC Laurie Argo was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 15
Rattler Midstream LP to Report Q2, 2022 Results on Aug 03, 2022 Rattler Midstream LP announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director of Rattler Midstream GP LLC Laurie Argo was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €13.01, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 1.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.19 per share. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 16% share price gain to €15.92, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.04 per share. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.21 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$0.21 (up from US$0.13 in 1Q 2021). Revenue: US$103.5m (up 4.7% from 1Q 2021). Net income: US$7.93m (up 42% from 1Q 2021). Profit margin: 7.7% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.3%, compared to a 51% growth forecast for the industry in Germany. Announcement • Apr 06
Rattler Midstream LP to Report Q1, 2022 Results on May 03, 2022 Rattler Midstream LP announced that they will report Q1, 2022 results After-Market on May 03, 2022 Announcement • Feb 26
Rattler Midstream LP Announces Cash Distribution for the Fourth Quarter of 2021, Payable on March 14, 2022; Provides Dividend Guidance for the Full Year 2022 On February 16, 2022, the Board of Directors of Rattler Midstream LP's general partner approved a cash distribution for the fourth quarter of 2021 of $0.30 per common unit, payable on March 14, 2022 to unitholders of record at the close of business on March 7, 2022.The company provided dividend guidance for the full year 2022. For the year, the company expects to pay $1.20 per unit. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.90 (up from US$0.74 in FY 2020). Revenue: US$396.3m (down 6.5% from FY 2020). Net income: US$36.8m (up 13% from FY 2020). Profit margin: 9.3% (up from 7.7% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.0%, compared to a 75% growth forecast for the oil industry in Germany. Announcement • Feb 25
Rattler Midstream LP (NasdaqGS:RTLR) acquired 10% stake in BANGL, LLC for $22.2 million. Rattler Midstream LP (NasdaqGS:RTLR) acquired 10% stake in BANGL, LLC for $22.2 million on January 19, 2022.
Rattler Midstream LP (NasdaqGS:RTLR) completed the acquisition of a 10% stake in BANGL, LLC on January 19, 2022. Announcement • Feb 24
Rattler Midstream LP Provides Consolidated Operating and Earnings Guidance for the Full Year 2022 Rattler Midstream LP provided consolidated operating and earnings guidance for the full year 2022. For the year, the company expects produced water gathering and disposal volumes to be in the range of 800 MBbl/d to 900 MBbl/d, Sourced Water Volumes to be in the range of 300 MBbl/d to 400 MBbl/d and Crude Oil Gathering Volumes to be in the range of 65 MBbl/d to 80 MBbl/d. For the year, the company expects net income to be in the range of $160 million to $200 million. Recent Insider Transactions • Nov 12
Key Executive recently sold €180k worth of stock On the 8th of November, Steven West sold around 18k shares on-market at roughly €9.90 per share. This was the largest sale by an insider in the last 3 months. This was Steven's only on-market trade for the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.20 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$96.6m (flat on 3Q 2020). Net income: US$8.49m (down 2.4% from 3Q 2020). Profit margin: 8.8% (down from 9.0% in 3Q 2020). Recent Insider Transactions • Sep 18
Key Executive recently sold €147k worth of stock On the 15th of September, Matthew Van’t Hof sold around 15k shares on-market at roughly €9.78 per share. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.30 (vs US$0.05 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$101.1m (up 14% from 2Q 2020). Net income: US$12.4m (up 471% from 2Q 2020). Profit margin: 12% (up from 2.5% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.14 (vs US$0.28 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$98.8m (down 24% from 1Q 2020). Net income: US$6.02m (down 51% from 1Q 2020). Profit margin: 6.1% (down from 9.6% in 1Q 2020). The decrease in margin was driven by lower revenue. Announcement • May 05
Rattler Midstream LP Provides Earnings and Production Guidance for the Year 2021 Rattler Midstream LP provided earnings and production guidance for the year 2021. For the year, the company's produced Water Gathering and Disposal to be 800 MBbl/d - 900 MBbl/d. Sourced Water to be 200 MBbl/d - 300 MBbl/d. Crude Oil Gathering to be 75 MBbl/d - 85 MBbl/d. Gas Gathering to be 120 BBtu/d - 140 BBtu/d. The company's net income to be $140 million - $180 million. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$0.79 (vs US$0.64 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$423.9m (down 5.3% from FY 2019). Net income: US$34.7m (up 24% from FY 2019). Profit margin: 8.2% (up from 6.3% in FY 2019). The increase in margin was driven by lower expenses. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is expected to shrink by 12% compared to a 29% growth forecast for the Oil and Gas industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day high: €9.06 The company is up 22% from its price of €7.40 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.71 per share. Announcement • Jan 13
Rattler Midstream LP to Report Q4, 2020 Results on Feb 24, 2021 Rattler Midstream LP announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: €8.52 The company is up 54% from its price of €5.55 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.75 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €8.28 The company is up 32% from its price of €6.26 on 17 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.73 per share. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 22% share price gain to US$8.19, the stock is trading at a trailing P/E ratio of 11.9x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past year is a loss of 37%. Is New 90 Day High Low • Nov 25
New 90-day high: €7.48 The company is up 7.0% from its price of €7.02 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.17 per share. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 19% share price gain to US$6.50, the stock is trading at a trailing P/E ratio of 9.5x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 11x in the Oil and Gas industry in Europe. Total return to shareholders over the past year is a loss of 46%. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 9.0% compared to a 11% growth forecast for the Oil and Gas industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.21 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$96.5m (down 16% from 3Q 2019). Net income: US$9.22m (down 20% from 3Q 2019). Profit margin: 9.5% (in line with 3Q 2019). Announcement • Sep 30
Rattler Midstream LP to Report Q3, 2020 Results on Nov 04, 2020 Rattler Midstream LP announced that they will report Q3, 2020 results on Nov 04, 2020 Is New 90 Day High Low • Sep 22
New 90-day low: €5.73 The company is down 31% from its price of €8.35 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 59% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.06 per share.