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home / news releases / FANG - 8% Yield No K-1 Strong Cash Flow: Rattler Midstream LP

FANG - 8% Yield No K-1 Strong Cash Flow: Rattler Midstream LP

Diamondback Energy Inc.
  • RTLR yields 7.93%, with good 1.37X free cash flow dividend coverage.
  • Free cash flow should boom in 2021 - major capex already is invested - this will further strengthen dividend coverage.
  • Management began a $100M buyback program in Q4 '20 - that's over 20% of RTLR's float.
  • Although it's an LP, RTLR issues a 1099 at tax time, not a K-1.

For further details see:

8% Yield, No K-1, Strong Cash Flow: Rattler Midstream LP
Stock Information
Company Name: Diamondback Energy Inc.
Stock Symbol: FANG
Market: NASDAQ
Website: diamondbackenergy.com
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