Enhanced Investments - Financial Portal

MPLX LP Increases Quarterly Distribution

Published: 2019-10-25 12:28:00 ET

FINDLAY, Ohio, Oct. 25, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6775 per common unit for the third quarter of 2019, or $2.71 on an annualized basis.

This represents an increase of $0.01 per unit, or 1.5 percent, over the second quarter 2019 distribution, and an increase of $0.04 per unit, or 6.3 percent, over the third quarter 2018 distribution. This is the 27th consecutive quarterly distribution increase and will be paid on Nov. 14, 2019, to common unitholders of record as of Nov. 4, 2019.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent 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 RelationsJim Mallamaci, Manager, Investor RelationsEvan Barbosa, Manager, Investor Relations

Media Contacts:Hamish Banks, Vice President, Corporate Communications (419) 421-2521Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

View original content:http://www.prnewswire.com/news-releases/mplx-lp-increases-quarterly-distribution-300945537.html

SOURCE MPLX LP

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.