MPLX LP Increases Quarterly Distribution
The board of MPLX LP has declared a quarterly cash distribution of $0.775 per common unit for Q3 2022, a 10% increase from the previous quarter. This translates to $3.10 annualized. The distribution is set to be paid on Nov. 22, 2022, to unitholders on record as of Nov. 15, 2022. MPLX, a diversified master limited partnership, specializes in midstream energy operations and logistics. Investors should note that distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate.
- Quarterly cash distribution increased by 10% to $0.775 per unit.
- Annualized distribution now amounts to $3.10 per unit.
- None.
FINDLAY, Ohio, Nov. 1, 2022 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of
This represents a
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat
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.
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Jessica Stewart, Analyst
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SOURCE MPLX LP
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