Rattler Midstream (RTLR) Stock Price, News & Analysis

Rattler Midstream LP (NASDAQ:RTLR) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.02. The business earned $96.57 million during the quarter, compared to the consensus estimate of $102.61 million. Rattler Midstream had a net margin of 9.46% and a trailing twelve-month return on equity of 3.28%. During the same period in the previous year, the business posted $0.20 earnings per share.

Rattler Midstream (NASDAQ:RTLR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 7.88%. RTLR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 129.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RTLR will have a dividend payout ratio of 118.81% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RTLR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rattler Midstream investors own include Energy Transfer (ET), Verizon Communications (VZ), AbbVie (ABBV), Delta Air Lines (DAL), Enterprise Products Partners (EPD), AT&T (T), Southwest Airlines (LUV), Pfizer (PFE), Suncor Energy (SU) and USA Compression Partners (USAC).

Rattler Midstream (RTLR) raised $583 million in an initial public offering on Thursday, May 23rd 2019. The company issued 33,300,000 shares at a price of $16.00-$19.00 per share. Credit Suisse, BofA Merrill Lynch, J.P. Morgan, Barclays, Citigroup, Goldman Sachs and Wells Fargo Securities served as the underwriters for the IPO and Capital One Securities, Scotia Howard Weil, SunTrust Robinson Humphrey, UBS Investment Bank, Evercore ISI, Morgan Stanley, RBC Capital Markets, Simmons Energy (A Division of Piper Jaffray), Tudor, Pickering, Holt, Raymond James, Seaport Global Securities, Northland Capital Markets, PNC Capital Markets and TD Securities were co-managers.