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Diamondback's service provider Rattler Midstream files for a $100 million IPO

August 7, 2018
RTLR

Rattler Midstream Partners LP, which provides crude oil, natural gas and water-related midstream services in the Permian Basin, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

The Midland, TX-based company was founded in 2007 and booked $68 million in revenue for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol RTLR. Credit Suisse, BofA Merrill Lynch and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.