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RATTLER MIDSTREAM LP (RTLR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-KS-1/A
Revenues:        
Revenues  396.3423.9447.7184.539.310.6
            Revenues growth  -6.5%-5.3%142.7%369.4%270.5% 
Costs and expenses:        
Direct operating expenses  102.9131.4106.3106.310.62.5
Cost of goods sold (exclusive of depreciation and amortization)  43.538.462.938.9  
Real estate operating expenses  2.22.42.61.9  
Depreciation, amortization and accretion  49.253.142.325.13.5 
Impairment and abandonments  3.40.9    
General and administrative expenses  21.616.412.72.01.3 
(Gain) loss on disposal of assets  5.0-0.71.52.6  
    Total costs and expenses  227.8241.8228.3240.115.33.6
    Income (loss) from operations  168.6182.1219.380.324.07.0
            Operating margin  42.5%43.0%49.0%43.5%61.0% 
   
Other income (expense):        
Interest income (expense), net  -32.1-17.3-1.0   
Gain (loss) on sale of equity method investments  23.0     
Income (loss) from equity method investments  -14.89.96.3 1.40.7
    Total other income (expense), net  5.7-27.2-7.4 1.4 
    Net income (loss) before income taxes  174.3154.9212.080.325.4 
Provision for (benefit from) income taxes  10.510.226.317.44.72.8
    Net income (loss)  163.8144.7185.763.020.7 
Less: Net income (loss) attributable to non-controlling interest  127.0110.090.9   
    Net income (loss) attributable to Rattler Midstream LP  36.834.728.8  4.9
   
Net income (loss) attributable to limited partners per common unit:        
Basic (in dollars per share)  $0.86$0.74$0.64   
Diluted (in dollars per share)  $0.86$0.74$0.64   
   
Weighted average number of limited partner common units outstanding:        
Basic (in shares)  40.743.7    
Diluted (in shares)  40.743.7    

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