RTLR - Rattler Midstream: Temporarily Slowing To A Crawl
Fast growing Rattler Midstream (RTLR) hit the brakes in response to the change in plans of Diamondback Energy (FANG) due to the coronavirus demand destruction evident in the world economy. But the main customer of Rattler Midstream is in excellent financial health and has some of the lowest costs in the industry. Therefore, as prices rally, Diamondback will be one of the first to resume growing. That probably makes this a good time to consider an investment in Rattler Midstream.
First-Quarter Growth
As shown below, cash flow and EBITDA increased