MPLX LP Announces Quarterly Distribution

Rhea-AI Summary

MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.9565 per common unit for the second quarter of 2025. This equates to $3.826 on an annualized basis. The distribution will be paid on August 15, 2025, to unitholders of record as of August 8, 2025.

The announcement includes tax information for brokers and nominees handling MPLX units for non-U.S. investors, specifying that 100% of distributions are subject to federal income tax withholding at the highest applicable effective tax rate.

Positive

• Maintaining consistent quarterly distribution payments to unitholders
• Clear annualized distribution rate of $3.826 per unit

Negative

• None.

FINDLAY, Ohio, July 29, 2025 /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 second quarter of 2025, or $3.826 on an annualized basis. The distribution will be paid on Aug. 15, 2025, to common unitholders of record as of Aug. 8, 2025.

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, Senior Director, Investor Relations
Isaac Feeney, Director, Investor Relations
Evan Heminger, Analyst, Investor Relations

Media Contact: (419) 421-3577
Jamal Kheiry, Communications Manager

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SOURCE MPLX LP

FAQ

What is MPLX's quarterly distribution amount for Q2 2025?

MPLX declared a quarterly cash distribution of $0.9565 per common unit for the second quarter of 2025.

When will MPLX (NYSE: MPLX) pay its Q2 2025 distribution?

MPLX will pay its Q2 2025 distribution on August 15, 2025 to unitholders of record as of August 8, 2025.

What is MPLX's annualized distribution rate for 2025?

MPLX's annualized distribution rate is $3.826 per common unit based on the Q2 2025 quarterly distribution.

How are MPLX distributions taxed for non-U.S. investors?

100% of MPLX's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate and are treated as effectively connected with a U.S. trade or business.