MPLX LP Announces Quarterly Distribution

Rhea-AI Summary

MPLX (NYSE: MPLX) has announced its quarterly cash distribution for the first quarter of 2025. The company will distribute $0.9565 per common unit, which equals $3.826 on an annualized basis.

Key details of the distribution:

• Payment Date: May 16, 2025
• Record Date: May 9, 2025

The announcement includes important tax information for brokers and nominees handling MPLX units for non-U.S. investors. Under Treasury Regulations, 100% of the Partnership's distributions to non-U.S. investors are:

• Considered effectively connected with U.S. trade or business
• Subject to federal income tax withholding at the highest applicable rate
• Treated as exceeding cumulative net income for withholding purposes

Brokers and nominees, not MPLX, are responsible for withholding on distributions for non-U.S. investors.

Positive

• Maintained steady quarterly distribution of $0.9565 per unit
• Annualized distribution rate of $3.826 shows consistent income generation for unitholders

Negative

• None.

FINDLAY, Ohio, April 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 first quarter of 2025, or $3.826 on an annualized basis. The distribution will be paid on May 16, 2025, to common unitholders of record as of May 9, 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

View original content:https://www.prnewswire.com/news-releases/mplx-lp-announces-quarterly-distribution-302441639.html

SOURCE MPLX LP

FAQ

What is MPLX's quarterly distribution amount for Q1 2025?

MPLX (NYSE: MPLX) declared a quarterly cash distribution of $0.9565 per common unit for Q1 2025, payable on May 16, 2025.

When is MPLX's Q1 2025 distribution payment date?

MPLX's Q1 2025 distribution will be paid on May 16, 2025, to unitholders of record as of May 9, 2025.

What is MPLX's annualized distribution rate for 2025?

MPLX's annualized distribution rate is $3.826 per common unit, based on the quarterly distribution of $0.9565.

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

100% of MPLX 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.

What is the record date for MPLX's Q1 2025 distribution?

The record date for MPLX's Q1 2025 distribution is May 9, 2025.