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Rattler Midstream: An Unfairly Beaten Up MLP With A 17% Yield

Published Tue, 20 Oct 2020 19:00:16 -0400 on Seeking Alpha

Seeking AlphaDividend Ideas | Basic MaterialsRattler Midstream: An Unfairly Beaten Up MLP With A 17% YieldOct. 20, 2020 7:00 PM ET|| About: Rattler Midstream LP (RTLR), Includes: BPMP, ET, FANG, KMI, MPLX, PAA, XOMby: Power HedgePower Hedge Energy Profits in DividendsIn-depth Research on underfollowed dividend stocks with 7%+ yieldsSummaryRattler Midstream was set up by Diamondback Energy to develop the midstream infrastructure in the Permian basin.
The company's main operations are operating gathering pipelines to Diamondback's wells.
Diamondback has historically delivered very strong growth, and Rattler has been able to benefit from this through increased volumes.
Rattler is unlikely to impacted much from the weakness in oil prices and should be able to generate about $83 million in FCF this year.
The company has one of the strongest balance sheets in the industry and should be able to maintain its 17%+ yield going forward.
Rattler Midstream LP (Nasdaq: RTLR) is a midstream master limited partnership that was formed by Diamondback Energy (Nasdaq: FANG) to develop the midstream infrastructure in the Delaware basin in West Texas. Rattler is the third and final member of the Diamondback family (some followers may recall our discussions of the other two entities here and here). As has been the case with most other midstream companies, Rattler Midstream has seen its share price punished severely by Mr. Market as a result of the weak oil price environment. In many cases though, the midstream declines are completely unjustified as the companies themselves have not seen their cash flows affected much. Is this the case with Rattler Midstream though? We will seek to answer that question in this article.
About Rattler Midstream
As just mentioned, Rattler Midstream was originally created by Diamondback Energy to develop the midstream infrastructure in the Permian basin. In so doing, the company is intended to solve one of the biggest problems that has... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MPLX LP 28.61   12.4 2.30 2.67 9.28
PLAINS ALL AM. PIPELINE 21.20   5.3 3.99 1.44 6.75
KINDER MORGAN 20.42   20.6 0.99 1.00 4.94
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83

MPLX LP - MPLX
MPLX LP - MPLX  


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