MPLX LP Increases Quarterly Distribution

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 $0.775 per common unit for the third quarter of 2022, or $3.10 on an annualized basis.

This represents a 10% increase, or $0.07 per common unit, over the second quarter 2022 distribution. The distribution will be paid on Nov. 22, 2022, to common unitholders of record as of Nov. 15, 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.

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
Isaac Feeney, Supervisor
Jessica Stewart, Analyst

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

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SOURCE MPLX LP