Private company

RATTLER MIDSTREAM LP

American natural gas transmission company based in Midland, active since 20182

In its 2022 annual report the company says: “We are a publicly traded Delaware limited partnership formed by Diamondback to own, operate, develop and acquire midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin, one of the most prolific oil producing areas in the world. We have elected to be treated as a corporation for U.S. federal income tax purposes.”31

Last updated Oct 20, 2026.

Overview

  • IndustryNatural Gas Transmission2
  • HeadquartersMidland, United States2
  • Incorporated inDE3
  • Business address500 West Texas Avenue, Suite 1200, Midland, Tx 797013
  • Filer category, Emerging growth company3
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI549300I45NRVEEN9M2192
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 69129512

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

42.5%Operating margin4
9.3%Net margin4
-6.5%Revenue growth, 20214
$215.9MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Selling, general and admin5¢$21.6M
  • Other costs83¢$327.4M
  • Income tax3¢$10.5M
  • Profit9¢$36.8M

Out of $396.3M in revenue.4

Where each dollar of operating cash went, fiscal 2021

  • Capital spending13¢$32.2M
  • Dividends paid15¢$36.5M
  • Share buybacks19¢$47.6M
  • Kept or used elsewhere53¢$131.8M

Out of $248.1M of cash from operations.4

Financial statements

Revenue564$396.3M in 2021+909% since 2017
0$200.0M$400.0M$600.0M2017: $39.3M$39.3M20172018: $184.5M$184.5M2018+369%2019: $447.7M$447.7M2019+143%2020: $423.9M$423.9M2020−5%2021: $396.3M$396.3M2021−7%
Gross profit6$188.6M in 2020+129% since 2018
0$100.0M$200.0M$300.0M2018: $82.3M$82.3M20182019: $225.7M$225.7M2019+174%2020: $188.6M$188.6M2020−16%
Operating income564$168.6M in 2021+603% since 2017
0$100.0M$200.0M$300.0M2017: $24.0M$24.0M20172018: $80.3M$80.3M2018+235%2019: $219.3M$219.3M2019+173%2020: $182.1M$182.1M2020−17%2021: $168.6M$168.6M2021−7%
Net income564$36.8M in 2021+78% since 2017
0$20.0M$40.0M$60.0M$80.0M2017: $20.7M$20.7M20172018: $63.0M$63.0M2018+205%2019: $28.8M$28.8M2019−54%2020: $34.7M$34.7M2020+20%2021: $36.8M$36.8M2021+6%
Fiscal year201620172018201920202021
Revenue$39.3M5$184.5M6$447.7M4$423.9M4$396.3M4
Gross profit$82.3M6$225.7M6$188.6M6
Selling, general and admin$1.3M5$2.0M6$12.7M4$16.4M4$21.6M4
Operating expenses$227.8M4
Operating income$24.0M5$80.3M6$219.3M4$182.1M4$168.6M4
Income before tax$174.3M4
Income tax$4.7M5$17.4M6$26.3M4$10.2M4$10.5M4
Net income$20.7M5$63.0M6$28.8M4$34.7M4$36.8M4
Earnings per share$0.644$0.744$0.864
Earnings per share (diluted)$0.644$0.744$0.864
Shares (weighted, basic)40.7M shares4
Shares (weighted, diluted)40.7M shares4

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Corporate structure

RATTLER MIDSTREAM LP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of RATTLER MIDSTREAM LP

  • CARDINAL CAPITAL MANAGEMENT LLC /CT Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Macquarie Group Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Feb 14, 2023 (2 filings since Feb 11, 2022)
  • Capital World Investors Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Feb 13, 2023
  • KAYNE ANDERSON CAPITAL ADVISORS LP Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Jun 8, 2022 (2 filings since Feb 3, 2022)
  • Clearbridge Investments, LLC Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Feb 9, 2022
  • Zimmer Partners, LP Filed SC 13G/A on RATTLER MIDSTREAM LP, latest Feb 9, 2022
  • RATTLER MIDSTREAM LP Midland, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What RATTLER MIDSTREAM LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$98.6M4 Dec 31, 2021$85.8M4 Dec 31, 2020+14.9%
Buildings and improvements$94.8M4 Dec 31, 2021$102.9M4 Dec 31, 2020−7.9%
Accumulated depreciation$121.5M4 Dec 31, 2021$100.7M4 Dec 31, 2020+20.6%
Property and equipment, net$1.1B4 Dec 31, 2021$997.9M4 Dec 31, 2020+5.5%
Operating-lease assets (leased space)$04 Dec 31, 2021$574.0K4 Dec 31, 2020−100.0%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$84.6M4 Dec 31, 2021$96.7M4 Dec 31, 2020−12.5%
Real estate investments, at cost$100.8M4 Dec 31, 2021$110.3M4 Dec 31, 2020−8.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$19.9M4 Dec 31, 2021$23.9M4 Dec 31, 2020−16.8%
Stakes in other companies (equity method)$612.5M4 Dec 31, 2021$532.9M4 Dec 31, 2020+14.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$3.6M4 Dec 31, 2021$4.3M4 Dec 31, 2020−14.4%
Finite-lived intangibles, net$3.6M4 Dec 31, 2021$4.3M4 Dec 31, 2020−14.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.1M4 Dec 31, 2021$10.1M4 Dec 31, 2020+29.4%

Leadership

Who has led RATTLER MIDSTREAM LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Travis D. Stice2019–2022

President

  1. Hof Matthew Kaes Van'T2019–2022
20202025
Board members and other officers (7)

Former names

  • RATTLER MIDSTREAM PARTNERS LPAug 7, 2018 to Oct 9, 20183

Timeline

  1. Aug 24, 20228-K Ended a material agreement; Completed an acquisition or sale; New debt or obligation16
  2. Aug 3, 20228-K Results of operations17
  3. May 16, 20228-K Entered a material agreement; Shareholder vote; Other events18
  4. May 3, 20228-K Results of operations19
  5. Feb 23, 20228-K Results of operations20
  6. Dec 27, 20218-K Bylaws or fiscal year changed; Other events21
  7. Nov 3, 20218-K Results of operations22
  8. Oct 21, 20218-K Entered a material agreement; Regulation FD disclosure23
  9. Oct 12, 20218-K Completed an acquisition or sale; Regulation FD disclosure24
  10. May 22, 2019New chief executive Travis D. Stice becomes CEO9
  11. Jul 27, 2018Founded RATTLER MIDSTREAM LP is founded2

Calendar

When it reported results

  1. Aug 3, 2022Reported quarterly or annual results17
  2. May 3, 2022Reported quarterly or annual results19
  3. Feb 23, 2022Reported quarterly or annual results20
  4. Nov 3, 2021Reported quarterly or annual results22

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

40 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 9 major events, 12 insider forms, 9 large holders, 6 other. The latest 20:

  1. Feb 14, 2023SC 13G/A EDGAR
  2. Feb 14, 2023SC 13G/A EDGAR
  3. Feb 13, 2023SC 13G/A SEC SCHEDULE 13G EDGAR
  4. Sep 15, 202215-12G EDGAR
  5. Aug 24, 20224 EDGAR
  6. Aug 24, 20224 EDGAR
  7. Aug 24, 20224 EDGAR
  8. Aug 24, 20224 EDGAR
  9. Aug 24, 20224 EDGAR
  10. Aug 24, 20224 EDGAR
  11. Aug 24, 20224 EDGAR
  12. Aug 24, 2022S-8 POS EDGAR
  13. Aug 24, 20228-K EDGAR
  14. Aug 3, 202210-Q EDGAR
  15. Aug 3, 2022425 EDGAR
  16. Aug 3, 20228-K EDGAR
  17. Jul 28, 2022DEF 14C EDGAR
  18. Jul 14, 2022425 EDGAR
  19. Jun 8, 2022SC 13G/A EDGAR
  20. Jun 1, 20224 EDGAR

The 40 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 8, 2021WEST STEVEN EDirectorSale18,175$11.47$208.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How RATTLER MIDSTREAM LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRATTLER MIDSTREAM LP1
  • CIK0001748773
  • Employer ID (EIN)83-14046081
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4922 Natural Gas Transmission1
  • Business address500 West Texas Avenue, Suite 1200, Midland, TX 797011
  • Phone43222174001
  • Shares outstanding38,146,047 as of Apr 29, 20227
  • Public float$443.2M as of Jun 30, 20214
  • On EDGAR sinceAug 7, 20181
  • Filings153 in all: 4 (37), 8-K (25), SC 13G/A (15), CORRESP (12), 10-Q (10), 3 (9), SC 13G (9), UPLOAD (8)1
    All 24 form types

    S-1/A (7), 425 (5), 10-K (3), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), CT ORDER (1), DEF 14C (1), EFFECT (1), S-1 (1), S-1MEF (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2022
    Quarterly report (10-Q) Aug 3, 2022
    Latest 8-K (8-K) Aug 24, 2022

Sources

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