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EARNINGS PER UNIT (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of basic and diluted net income per common unit
Basic and diluted net income per common unit is calculated by dividing net income by the weighted-average number of common units outstanding during the period.

 
Three Months Ended September 30, 2019
 
May 28, 2019 to September 30, 2019
 
(In thousands, except per unit amounts)
Net income attributable to Rattler Midstream LP
$
11,531

 
$
16,334

Weighted average common units outstanding:
 
 
 
Basic weighted average common units outstanding
43,700

 
43,564

Effect of dilutive securities:
 
 
 
Potential common units issuable
1,136

 
1,146

Diluted weighted average common units outstanding
44,836

 
44,710

Net income per common unit, basic
$
0.26

 
$
0.37

Net income per common unit, diluted
$
0.26

 
$
0.37