Rattler Midstream LP (RTLR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
500 WEST TEXAS AVENUE MIDLAND, TX 79701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 19,897 | 23,927 | 10,633 | |||
| Cash and cash equivalents | 19,897 | 23,927 | 10,633 | |||
| Receivables | 67,569 | 63,105 | 59,341 | |||
| Inventory, net of allowances, customer advances and progress billings | 13,081 | 10,108 | 14,325 | |||
| Inventory | 13,081 | 10,108 | 14,325 | |||
| Other current assets | 1,181 | 1,127 | 1,428 | |||
| Total current assets: | 101,728 | 98,267 | 85,727 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 574 | 418 | ||||
| Property, plant and equipment | 1,052,543 | 997,875 | 958,145 | |||
| Long-term investments and receivables | 612,541 | 532,927 | 479,558 | |||
| Long-term investments | 612,541 | 532,927 | 479,558 | |||
| Intangible assets, net (including goodwill) | 3,650 | 4,262 | 8,070 | |||
| Intangible assets, net (excluding goodwill) | 3,650 | 4,262 | 8,070 | |||
| Regulated entity, other noncurrent assets | 7,044 | 9,053 | ||||
| Deferred income tax assets | 62,356 | 73,264 | ||||
| Other noncurrent assets | 3,708 | 4,732 | 5,796 | |||
| Other undisclosed noncurrent assets | 77,565 | 87,634 | 98,679 | |||
| Total noncurrent assets: | 1,819,407 | 1,710,321 | 1,550,666 | |||
| TOTAL ASSETS: | 1,921,135 | 1,808,588 | 1,636,393 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 48,267 | 42,839 | 76,961 | |||
| Interest and dividends payable | 12,911 | |||||
| Taxes payable | 603 | 192 | 189 | |||
| Accounts payable | 8,452 | 139 | 147 | |||
| Accrued liabilities | 42,508 | 76,625 | ||||
| Other undisclosed accounts payable and accrued liabilities | 26,301 | |||||
| Debt | 418 | |||||
| Asset retirement obligation | 79 | 35 | ||||
| Other undisclosed current liabilities | 603 | 574 | ||||
| Total current liabilities: | 48,949 | 43,448 | 77,379 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 16,911 | 15,093 | 19,174 | |||
| Asset retirement obligations | 16,911 | 15,093 | 11,347 | |||
| Deferred income tax liabilities | 7,827 | |||||
| Other undisclosed noncurrent liabilities | 687,956 | 569,947 | 424,000 | |||
| Total noncurrent liabilities: | 704,867 | 585,040 | 443,174 | |||
| Total liabilities: | 753,816 | 628,488 | 520,553 | |||
| Equity | ||||||
| Equity, attributable to parent | 10 | (123) | (198) | |||
| Accumulated other comprehensive income (loss) | 10 | (123) | (198) | |||
| Other undisclosed equity | 1,167,309 | 1,180,223 | 1,116,038 | |||
| Total equity: | 1,167,319 | 1,180,100 | 1,115,840 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,921,135 | 1,808,588 | 1,636,393 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|
| Revenues | 396,341 | 423,905 | 447,673 | ||
| Cost of revenue | (148,626) | (225,436) | (215,670) | ||
| Cost of goods and services sold | (43,470) | (38,370) | (62,856) | ||
| Other undisclosed gross profit | (9,881) | (6,329) | |||
| Gross profit: | 247,715 | 188,588 | 225,674 | ||
| Operating expenses | (79,134) | (16,367) | (12,663) | ||
| Other undisclosed operating income | 9,881 | 6,329 | |||
| Operating income: | 168,581 | 182,102 | 219,340 | ||
| Nonoperating income (expense) | 5,719 | (27,168) | (7,368) | ||
| Investment income, nonoperating | 23,020 | ||||
| Income from continuing operations before income taxes: | 174,300 | 154,934 | 211,972 | ||
| Income tax expense | (10,530) | (10,229) | (26,253) | ||
| Income from continuing operations: | 163,770 | 144,705 | 185,719 | ||
| Income before gain (loss) on sale of properties: | ✕ | 163,770 | 144,705 | 185,719 | |
| Net income: | 163,770 | 144,705 | 185,719 | ||
| Net loss attributable to noncontrolling interest | (126,990) | (110,014) | |||
| Net income attributable to parent: | 36,780 | 34,691 | 185,719 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,769) | (2,238) | |||
| Net income available to common stockholders, diluted: | 35,011 | 32,453 | 185,719 | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|
| Net income: | 163,770 | 144,705 | 185,719 | ||
| Other comprehensive income (loss) | 535 | 298 | (823) | ||
| Comprehensive income: | 164,305 | 145,003 | 184,896 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (126,990) | (110,237) | 625 | ||
| Comprehensive income, net of tax, attributable to parent: | 37,315 | 34,766 | 185,521 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.