MPLX LP Announces Quarterly Distribution
The board of directors of MPLX LP has announced a quarterly cash distribution of $0.775 per common unit for Q1 2023, totaling $3.10 annually. This distribution will be paid on May 15, 2023, to common unitholders recorded as of May 5, 2023. The announcement includes a qualified tax notice for brokers representing non-U.S. investors, specifying that all distributions are subject to federal income tax withholding at the highest applicable rate. MPLX LP is a large-cap master limited partnership focused on midstream energy infrastructure and logistics, with extensive assets including crude oil pipelines and natural gas processing facilities. More details can be found at www.MPLX.com.
- Quarterly cash distribution of $0.775 per common unit for Q1 2023, indicating steady cash flow.
- Annualized distribution of $3.10 shows commitment to returning value to unitholders.
- Payment on May 15, 2023, reflects timely financial management.
- Distributions to non-U.S. investors are subject to federal income tax withholding at the highest rate, which may affect attractiveness for foreign investors.
Qualified Tax Notice
Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold MPLX units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent (
About
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key
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