MPLX LP Announces Quarterly Distribution
The board of MPLX LP has declared a quarterly cash distribution of $0.6875 per common unit for Q4 2020, amounting to $2.75 annually.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The board of MPLX LP has declared a quarterly cash distribution of $0.6875 per common unit for Q4 2020, amounting to $2.75 annually. The payment date is set for February 12, 2021, with record holders as of February 8, 2021. This announcement serves as a qualified notice under Treasury Regulation Section 1.1446-4(b); foreign investors' distributions will be subject to federal income tax at the highest rate. MPLX operates midstream energy infrastructure, including pipelines and processing facilities across key U.S. supply basins.
Positive
- Quarterly cash distribution of $0.6875 per common unit.
- Annual distribution amounts to $2.75 per unit.
- Scheduled payment date of February 12, 2021.
Negative
- Distributions to foreign investors subject to high federal income tax withholding.
Details
News Market Reaction – MPLX
The recorded move for MPLX in the trading session of this news was +6.01%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FINDLAY, Ohio, Jan. 28, 2021 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of
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 Relations
Taryn Erie, Manager, Investor Relations
Media Contact:
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312
View original content:http://www.prnewswire.com/news-releases/mplx-lp-announces-quarterly-distribution-301217657.html
SOURCE MPLX LP
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.