Rattler Midstream: Q1 Earnings Snapshot
MIDLAND, Texas (AP) _ Rattler Midstream LP (RTLR) on Tuesday reported first-quarter earnings of $6 million.
The Midland, Texas-based company said it had net income of 13 cents per share. Earnings, adjusted for non-recurring costs, were 16 cents per share.
The oil and natural gas services provider posted revenue of $98.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $88 million.
Rattler Midstream shares have climbed 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.21, a climb of 68% in the last 12 months.