MPLX LP Announces Quarterly Distribution

Rhea-AI Summary

The MPLX LP board declared a quarterly cash distribution of $0.6875 per common unit for Q2 2021, equating to an annualized $2.75. This distribution is scheduled for payment on August 13, 2021, to unitholders of record by August 6, 2021. Notably, distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate. MPLX is a large-cap master limited partnership focused on midstream energy infrastructure, including crude oil and refined product pipelines, among other assets.

Positive

• Quarterly cash distribution of $0.6875 per common unit announced.
• Annualized distribution amounting to $2.75 per common unit.
• Payment scheduled for August 13, 2021.

Negative

• None.

FINDLAY, Ohio, July 27, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the second quarter of 2021, or $2.75 on an annualized basis. The distribution will be paid on Aug. 13, 2021, to common unitholders of record as of Aug. 6, 2021.

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 MPLX cash distribution for Q2 2021?

MPLX has declared a cash distribution of $0.6875 per common unit for Q2 2021.

When will MPLX's cash distribution be paid?

The distribution will be paid on August 13, 2021.

What is the annualized distribution for MPLX?

The annualized distribution for MPLX is $2.75 per common unit.

Who will receive the MPLX cash distribution?

Common unitholders of record as of August 6, 2021, will receive the cash distribution.

Are MPLX distributions to foreign investors taxable?

Yes, MPLX's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.