MPLX LP Announces Quarterly Distribution

Rhea-AI Summary

The board of directors of MPLX LP has declared a quarterly cash distribution of $0.7050 per common unit for Q4 2021, totaling $2.82 annually. This distribution is set for payment on Feb. 14, 2022, to unitholders of record as of Feb. 4, 2022. Additionally, MPLX's distributions to non-U.S. investors will be subject to the highest federal income tax withholding.

MPLX operates midstream energy infrastructure, including pipelines, terminals, and processing facilities across key U.S. supply basins.

Positive

• Quarterly cash distribution of $0.7050 per common unit, amounting to $2.82 annually.
• Timely distribution payment scheduled for February 14, 2022.

Negative

• Distributions to non-U.S. investors subject to high federal income tax withholding.

FINDLAY, Ohio, Jan. 25, 2022 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.7050 per common unit for the fourth quarter of 2021, or $2.82 on an annualized basis. The distribution will be paid on Feb. 14, 2022, to common unitholders of record as of Feb. 4, 2022.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of MPLX's distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, MPLX's distributions to non-United States investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About MPLX LP 

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 U.S. supply basins. More information is available at www.mplx.com.

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President, Investor Relations
Jamie Madere, Manager, Investor Relations
Isaac Feeney, Analyst, Investor Relations

Media Contact: (419) 421-3312
Jamal Kheiry, Communications Manager

 

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SOURCE MPLX LP

FAQ

What is the quarterly cash distribution announced by MPLX for Q4 2021?

MPLX announced a quarterly cash distribution of $0.7050 per common unit for Q4 2021.

When will MPLX pay the Q4 2021 distribution?

The distribution will be paid on February 14, 2022.

What is the annualized distribution amount for MPLX?

The annualized distribution amount for MPLX is $2.82.

What is the record date for MPLX's Q4 2021 distribution?

The record date for the distribution is February 4, 2022.

Are MPLX's distributions to foreign investors subject to taxes?

Yes, MPLX's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable rate.