MPLX LP Announces Quarterly Distribution

MPLX (NYSE: MPLX) declared a second-quarter 2026 quarterly cash distribution of $1.0765 per common unit, equivalent to $4.31 annualized.

Rhea-AI Summary

MPLX (NYSE: MPLX) declared a second-quarter 2026 quarterly cash distribution of $1.0765 per common unit, equivalent to $4.31 annualized. The distribution will be paid on Aug. 14, 2026 to unitholders of record as of Aug. 7, 2026.

MPLX issued a qualified tax notice stating brokers and nominees should treat 100% of distributions to non-U.S. investors as effectively connected income and in excess of cumulative net income, making them subject to U.S. federal withholding at the highest applicable effective tax rate.

Positive

• Q2 2026 cash distribution of $1.0765 per common unit
• Annualized distribution of $4.31 per common unit

Negative

• Distributions to non-U.S. investors subject to U.S. federal withholding at highest applicable rate
• Brokers must treat 100% of non-U.S. distributions as effectively connected income and excess of cumulative net income

Argus Jul 28 session 1 alert

+1.44% close to close 1.5x rel. volume Open Argus

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News Market Reaction – MPLX

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On Jul 28, the day this news came out, MPLX closed 1.44% above the previous close.

Data tracked by StockTitan Argus for the Jul 28 session.

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FINDLAY, Ohio, July 28, 2026 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $1.0765 per common unit for the second quarter of 2026, or $4.31 on an annualized basis. The distribution will be paid on Aug. 14, 2026, to common unitholders of record as of Aug. 7, 2026.

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
Brian Worthington, Vice President, 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-302836826.html

SOURCE MPLX LP

FAQ

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What quarterly distribution did MPLX (NYSE: MPLX) declare for Q2 2026?

MPLX declared a quarterly cash distribution of $1.0765 per common unit for Q2 2026. According to MPLX, this equals $4.31 on an annualized basis, providing investors with clear visibility on the current cash return per unit.

When will MPLX (MPLX) pay its Q2 2026 cash distribution and what is the record date?

MPLX will pay its Q2 2026 cash distribution on Aug. 14, 2026 to unitholders of record as of Aug. 7, 2026. According to MPLX, investors must hold units on the record date to receive this distribution.

How much is MPLX's (MPLX) annualized distribution based on the Q2 2026 payment?

Based on the Q2 2026 declaration, MPLX’s distribution is $4.31 on an annualized basis per common unit. According to MPLX, this figure is calculated from the $1.0765 quarterly cash distribution rate announced for the second quarter of 2026.

How are MPLX (MPLX) distributions to non-U.S. investors treated for U.S. tax purposes in 2026?

MPLX distributions to non-U.S. investors should be treated as 100% effectively connected income and 100% in excess of cumulative net income. According to MPLX, these distributions are subject to U.S. federal withholding at the highest applicable effective tax rate.

Who is responsible for withholding taxes on MPLX (MPLX) distributions to non-U.S. investors?

According to MPLX, nominees and brokers, not MPLX, are treated as the withholding agents. They must withhold federal income tax on distributions they receive on behalf of non-U.S. investors, applying the highest applicable effective tax rate under U.S. rules.

What does the qualified tax notice in MPLX's July 28, 2026 announcement mean for MPLX (MPLX) unitholders?

The qualified tax notice guides brokers on withholding for non-U.S. investors in MPLX units. According to MPLX, brokers must treat 100% of distributions as effectively connected income and excess of cumulative net income, triggering maximum U.S. federal withholding for such investors.