FINDLAY,
Ohio, Oct. 29, 2024 /PRNewswire/ -- The board of
directors of the general partner of MPLX LP (NYSE: MPLX) has
declared a quarterly cash distribution of $0.9565 per common unit for the third quarter of
2024, or $3.826 on an annualized
basis.
This represents a 12.5% increase, or $0.1065 increase per common unit, over the second
quarter 2024 distribution. The distribution will be paid on
Nov. 15, 2024, to common unitholders
of record as of Nov. 8, 2024.
Qualified Tax Notice
Concurrent with this announcement we are providing qualified
notice to brokers and nominees that hold MPLX units on behalf of
non-U.S. investors under Treasury Regulation Section 1.1446-4(b)
and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).
Brokers and nominees should treat one hundred percent (100%) of the
Partnership's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a United
States trade or business. In addition, brokers and nominees should
treat one hundred percent (100%) of the distribution as being in
excess of cumulative net income for purposes of determining the
amount to withhold. Accordingly, the Partnership's distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest applicable effective tax rate. Nominees, and not MPLX,
are treated as the withholding agents responsible for withholding
on the distributions received by them on behalf of non-U.S.
investors.
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 Finance and Investor Relations
Brian Worthington, Director,
Investor Relations
Isaac Feeney, Manager, Investor
Relations
Media Contact: (419) 421-3577
Jamal Kheiry,
Communications Manager
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SOURCE MPLX LP