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Rose Rock Midstream LP, a publicly traded partnership, owns, operates, develops and acquires midstream energy assets in the United States. The firm was previously known as Rose Rock Midstream GP, LLC and changed its name to Rose Rock Midstream LP in May 2011.

The company was founded in 2011 and is headquartered in Tulsa, Oklahoma. It fell 1.33% to $9.55 on medium volume on Friday, bringing the stock’s market cap to $623.0 million.approximately

Rose Rock Midstream LP’s significant business segments include the Permian Basin, Mid-Continent, and Rocky Mountains. The company’s main income sources are through the provision of midstream services to its producer customers. These services comprise crude oil and natural gas gathering, transportation, and storage.

Rose Rock Midstream LP (NYSE: RRMS) (“Rose Rock Midstream” or the “Partnership”) recently announced its financial and operating results for the three months ending March 31, 2RE22. The company reported a net income of $19.8 million for the first quarter of 2022, a significant increase of 34.2% from the net income of $14.9 million reported for the same period in 2021. The increase in net income was primarily due to higher Adjusted EBITDA(1) and lower interest expense. The partnership reported an Adjusted EBITDA(1) of $39.6 million, a 9.1% increase from the first quarter of 2021.

Rose Rock Midstream LP (RRMS) (the “Partnership”) recently declared a cash distribution of $0.2625 per common unit for the first quarter of 2022. The distribution represents an increase of 5.1% over the first quarter of the previous year. The distribution is payable on May 12, 2022, to unitholders of record as of May 5, 2022.

Carl P. Evans, III, Rose Rock Midstream’s CEO, said, “We are extremely proud of the sequential and year-over-year growth in Adjusted EBITDA we reported in the first quarter. Gathering and Processing segment Adjusted EBITDA increased 17.7% over the same quarter in the prior year, primarily due to increased throughput volumes and improved margin per BBLS. We executed our plan to increase returns to unitholders by raising our distribution 5.1% over the first quarter of last year. Additionally, because of our improved financial performance, we are currently evaluating additional options to enhance long-term unitholder value, including share repurchases, which are authorized up to $25 million.”

Additionally, Rose Rock Midstream’s board of directors recently declared a quarterly cash distribution of $0.2625 per common unit, representing a 5.1% increase from the previous year’s first quarter. The distribution is payable on May 12, 2022, to unitholders of record as of May 5, 2022.

Rose Rock Midstream LP (RRMS) has been expanding its asset footprint across various regions. And with a rise in oil prices and increased drilling activities, the Permian Basin, where most of the company's assets are situated, is poised to contribute substantially to its growth.

Rose Rock Midstream LP is a partnership that owns, operates, develops, and acquires midstream energy assets in the United States. The partnership generates the majority of its revenue from providing midstream services to its producer customers, including crude oil and natural gas gathering, transportation, and storage. Rose Rock Midstream GP, LLC, its general partner, manages the partnership. The partnership was established in 2011 and is headquartered in Tulsa, Oklahoma.

Overall, Rose Rock Midstream LP seems to have a positive outlook due to the increasing demand for its services and its strategic asset location. However, the company is not immune to market and industry risks, such as fluctuations in energy prices, competition, and regulatory changes.