RTLR - Rattler Midstream: Free Cash Flow Ahead

• Rattler Midstream used fiscal year 2020 to complete capital projects and switch from cash flow negative to free cash flow.
• Diamondback Energy, the major customer, is beginning the new fiscal year with two acquisitions.
• Rattler has a lot of available capacity to service future production growth needs.
• Historically, Diamondback has grown quickly and that growth is likely to resume in the future.
• The joint ventures assure adequate capacity to get the production to market.

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