RTLR - Rattler Midstream: Strategy Change

• The distribution was cut to enable a common unit repurchase program.
• Leverage should remain around 2.
• The lower distribution is well covered with good prospects of recovery to former levels and higher.
• The market reception of this unusual strategy change remains to be seen.
• There is significant unused capacity that will enable cash flow and earnings to increase before capacity expansion is required.

For further details see: