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Rattler Midstream

DB:3R4
Snowflake Description

Very undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3R4
DB
$606M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Rattler Midstream LP owns, operates, develops, and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin in West Texas. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Rattler Midstream is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Rattler Midstream has significant price volatility in the past 3 months.
3R4 Share Price and Events
7 Day Returns
16.4%
DB:3R4
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-
DB:3R4
28.1%
DE Oil and Gas
-16.6%
DE Market
3R4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rattler Midstream (3R4) 16.4% -33.6% -75.9% - - -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • No trading data on 3R4.
  • No trading data on 3R4.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Rattler Midstream undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rattler Midstream to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rattler Midstream.

DB:3R4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3R4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (70.03%))
1.316
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.316 * 5.44%)
6.77%

Discounted Cash Flow Calculation for DB:3R4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rattler Midstream is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:3R4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.77%)
2020 39.22 Analyst x3 36.73
2021 154.00 Analyst x3 135.09
2022 105.40 Analyst x1 86.59
2023 118.20 Analyst x1 90.95
2024 126.70 Analyst x1 91.31
2025 121.69 Est @ -3.95% 82.14
2026 118.19 Est @ -2.88% 74.71
2027 115.66 Est @ -2.13% 68.48
2028 113.80 Est @ -1.61% 63.11
2029 112.38 Est @ -1.24% 58.37
Present value of next 10 years cash flows $787.00
DB:3R4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $112.38 × (1 + -0.39%) ÷ (6.77% – -0.39%)
$1,563.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,563.27 ÷ (1 + 6.77%)10
$811.90
DB:3R4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $787.00 + $811.90
$1,598.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,598.90 / 151.52
$10.55
DB:3R4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3R4 represents 0.92225x of NasdaqGS:RTLR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92225x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 10.55 x 0.92225
€9.73
Value per share (EUR) From above. €9.73
Current discount Discount to share price of €3.69
= -1 x (€3.69 - €9.73) / €9.73
62.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rattler Midstream is available for.
Intrinsic value
>50%
Share price is €3.69 vs Future cash flow value of €9.73
Current Discount Checks
For Rattler Midstream to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rattler Midstream's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rattler Midstream's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rattler Midstream's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rattler Midstream's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3R4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.64
NasdaqGS:RTLR Share Price ** NasdaqGS (2020-04-07) in USD $4
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rattler Midstream.

DB:3R4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RTLR Share Price ÷ EPS (both in USD)

= 4 ÷ 0.64

6.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rattler Midstream is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Rattler Midstream is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Rattler Midstream's expected growth come at a high price?
Raw Data
DB:3R4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
64.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:3R4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.22x ÷ 64.2%

0.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rattler Midstream is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rattler Midstream's assets?
Raw Data
DB:3R4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $16.92
NasdaqGS:RTLR Share Price * NasdaqGS (2020-04-07) in USD $4
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:3R4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RTLR Share Price ÷ Book Value per Share (both in USD)

= 4 ÷ 16.92

0.24x

* Primary Listing of Rattler Midstream.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rattler Midstream is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Rattler Midstream's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Rattler Midstream has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Rattler Midstream expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
64.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rattler Midstream expected to grow at an attractive rate?
  • Rattler Midstream's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Rattler Midstream's earnings growth is expected to exceed the Germany market average.
  • Rattler Midstream's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3R4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3R4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 64.2%
DB:3R4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3R4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3R4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 227
2023-12-31 218
2022-12-31 501 228 4
2021-12-31 473 246 216 11
2020-12-31 455 262 195 11
2020-04-08
DB:3R4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 448 218 28
2019-09-30 374 222 32
2019-06-30 308 224 38
2019-03-31 246 226 49
2018-12-31 184 173 63
2018-09-30 145 115 57
2018-06-30 107 87 42
2018-03-31 68 2 32
2017-12-31 39 0 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rattler Midstream's earnings are expected to grow significantly at over 20% yearly.
  • Rattler Midstream's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3R4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Rattler Midstream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3R4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 1.42 1.87 1.04 5.00
2020-12-31 1.22 1.45 0.93 4.00
2020-04-08
DB:3R4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.64
2019-09-30 0.72
2019-06-30 0.87
2019-03-31 1.12
2018-12-31 1.66
2018-09-30
2018-06-30
2018-03-31
2017-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Rattler Midstream is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rattler Midstream's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rattler Midstream has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Rattler Midstream performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rattler Midstream's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Rattler Midstream's year on year earnings growth rate was positive over the past 5 years.
  • Rattler Midstream's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rattler Midstream's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Rattler Midstream's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rattler Midstream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3R4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 447.67 28.05 12.66
2019-09-30 373.87 31.65 8.27
2019-06-30 307.75 37.90 5.76
2019-03-31 245.77 48.56 3.11
2018-12-31 184.47 62.96 2.00
2018-09-30 145.30 57.04 1.69
2018-06-30 106.58 42.45 1.65
2018-03-31 67.51 32.12 1.39
2017-12-31 39.30 20.67 1.27
2016-12-31 10.61 4.93 0.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rattler Midstream has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rattler Midstream used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Rattler Midstream has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rattler Midstream's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rattler Midstream has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Rattler Midstream's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rattler Midstream's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rattler Midstream is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rattler Midstream's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rattler Midstream's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rattler Midstream Company Filings, last reported 3 months ago.

DB:3R4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,115.84 424.00 10.63
2019-09-30 1,115.15 103.00 2.69
2019-06-30 1,065.16 1.00 3.74
2019-03-31 1,025.16 0.00 12.06
2018-12-31 527.13 0.00 8.56
2018-09-30 516.79 0.00 6.47
2018-06-30 500.99 0.00 4.48
2018-03-31 482.10 0.00 2.22
2017-12-31 292.61 0.00 0.01
2016-12-31 92.73 0.00
  • Rattler Midstream's level of debt (38%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Rattler Midstream's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (51.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 212.6x coverage).
X
Financial health checks
We assess Rattler Midstream's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rattler Midstream has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Rattler Midstream's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
29%
Current annual income from Rattler Midstream dividends. Estimated to be 30.96% next year.
If you bought €2,000 of Rattler Midstream shares you are expected to receive €580 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rattler Midstream's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Rattler Midstream's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3R4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3R4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.16 1.00
2023-12-31 1.41 2.00
2022-12-31 1.33 6.00
2021-12-31 1.25 15.00
2020-12-31 1.16 12.00
2020-04-08
DB:3R4 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-18 1.160 20.922
2019-11-06 1.000 6.268
2019-11-05 1.000 6.725
2019-08-09 1.000 5.846
2019-08-06 1.000 5.771

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Rattler Midstream has stable dividend payments.
  • Rattler Midstream only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Rattler Midstream's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Rattler Midstream's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rattler Midstream afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rattler Midstream has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Rattler Midstream's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Travis Stice
AGE 57
TENURE AS CEO 1.8 years
CEO Bio

Mr. Travis D. Stice has been Chief Executive Officer and Director of Energen Corporation since November 29, 2018. Mr. Stice serves as the Chief Executive Officer and Director of Viper Energy Partners GP LLC, General Partner of Viper Energy Partners LP since February 2014. Mr. Stice serves as the President and Chief Executive Officer of Diamondback E&P LLC. Mr. Stice is Chief Executive Officer and Director of Rattler Midstream GP LLC, general partner of Rattler Midstream Partners LP since July 2018. Mr. Stice has been the Chief Executive Officer of Diamondback Energy, Inc. and Diamondback O&G LLC since January 01, 2012 and served as its President and Chief Operating Officer since April 2011 until January 2012. He served as President and Chief Operating Officer of Windsor Energy, Inc. since April 2011. He served as President and Chief Operating Officer of Diamondback O&G LLC and Diamondback Energy, Inc. from April 2011 to January 2012. From November 2010 to April 2011, Mr. Stice served as a Production Manager of Apache Corporation. Mr. Stice served as the President and Chief Operating Officer of Diamondback Energy, Inc. from April 2011 to January 2012. Mr. Stice served as a Vice President of Midland for Laredo Petroleum, Inc. from September 2008 to September 2010. From April 2006 to August 2008, He has been a Director of Diamondback Energy, Inc. since November 2012. Mr. Stice served as a Development Manager of Conoco Phillips/Burlington Resources Mid-Continent Business Unit, an oil and gas exploration company. He served at Burlington Resources from 1990 to 2006, in various positions of increasing responsibility, including his last assignment as General Manager of Engineering & Operations in Midland from January 2001 until March 2006. Mr. Stice has 33 years of industry experience in production operations, reservoir engineering, production engineering and unconventional oil and gas exploration and over 20 years of management experience. He started his career with Mobil Oil in 1985. He is a Registered Engineer in the State of Texas and is a 33-year member of the Society of Petroleum Engineers. Mr. Stice holds a BS in Petroleum Engineering from Texas A&M University.

CEO Compensation
  • Insufficient data for Travis to compare compensation growth.
  • Insufficient data for Travis to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Rattler Midstream management team in years:

1.8
Average Tenure
44.5
Average Age
  • The average tenure for the Rattler Midstream management team is less than 2 years, this suggests a new team.
Management Team

Travis Stice

TITLE
CEO & Director of Rattler Midstream GP LLC
AGE
57
TENURE
1.8 yrs

Matthew Van’t Hof

TITLE
President & Director of Rattler Midstream GP LLC
AGE
32
TENURE
1.8 yrs

Tracy Dick

TITLE
CFO, Executive VP & Assistant Secretary of Rattler Midstream GP LLC
AGE
49
TENURE
1.8 yrs

Adam Lawlis

TITLE
Vice President of Investor Relations

P. Zmigrosky

TITLE
Executive VP
AGE
40
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Rattler Midstream board of directors in years:

1.3
Average Tenure
56
Average Age
  • The average tenure for the Rattler Midstream board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve West

TITLE
Independent Chairman of Rattler Midstream GP LLC
AGE
59
TENURE
0.6 yrs

Travis Stice

TITLE
CEO & Director of Rattler Midstream GP LLC
AGE
57
TENURE
1.8 yrs

Matthew Van’t Hof

TITLE
President & Director of Rattler Midstream GP LLC
AGE
32
TENURE
1.8 yrs

Laurie Argo

TITLE
Independent Director of Rattler Midstream GP LLC
AGE
46
TENURE
0.8 yrs

Art Vivar

TITLE
Independent Director of Rattler Midstream GP LLC
AGE
56
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Rattler Midstream individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Mar 20 Buy Matthew Van’t Hof Individual 19. Mar 20 19. Mar 20 6,000 €3.93 €23,608
12. Aug 19 Buy Travis Stice Individual 09. Aug 19 09. Aug 19 5,695 €15.65 €89,146
29. May 19 Buy Travis Stice Individual 28. May 19 28. May 19 85,000 €15.66 €1,331,015
29. May 19 Buy P. Zmigrosky Individual 28. May 19 28. May 19 3,000 €15.66 €46,977
29. May 19 Buy Steven West Individual 28. May 19 28. May 19 28,550 €15.66 €447,064
29. May 19 Buy Laurie Argo Individual 28. May 19 28. May 19 500 €15.66 €7,830
29. May 19 Buy Teresa Dick Individual 28. May 19 28. May 19 8,000 €15.66 €125,272
29. May 19 Buy Arturo Vivar Individual 28. May 19 28. May 19 14,250 €15.66 €223,141
X
Management checks
We assess Rattler Midstream's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rattler Midstream has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Rattler Midstream LP owns, operates, develops, and acquires midstream 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, 2019, the company owned and operated 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system 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 is based in Midland, Texas. Rattler Midstream LP is a subsidiary of Diamondback Energy, Inc.

Details
Name: Rattler Midstream LP
3R4
Exchange: DB
Founded:
$556,484,850
$160,501,360
151,515,152
Website: http://www.rattlermidstream.com
Address: Rattler Midstream LP
500 West Texas Avenue,
Suite 1200,
Midland,
Texas, 79701,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RTLR Common Units Nasdaq Global Select US USD 23. May 2019
DB 3R4 Common Units Deutsche Boerse AG DE EUR 23. May 2019
MUN 3R4 Common Units Boerse Muenchen DE EUR 23. May 2019
Number of employees
Current staff
Staff numbers
0
Rattler Midstream employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:08
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.