MPLX LP Increases Quarterly Distribution
MPLX LP has announced a 12.5% increase in its quarterly cash distribution to $0.9565 per common unit for Q3 2024, equivalent to $3.826 annually.
Sentiment and the balance of points
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Rhea-AI Summary
MPLX LP has announced a 12.5% increase in its quarterly cash distribution to $0.9565 per common unit for Q3 2024, equivalent to $3.826 annually. This represents a $0.1065 increase per common unit compared to Q2 2024. The distribution will be paid on November 15, 2024, to unitholders of record as of November 8, 2024. The announcement includes tax information for brokers and nominees handling MPLX units for non-U.S. investors, stating that 100% of distributions are subject to U.S. federal income tax withholding.
Positive
- 12.5% increase in quarterly distribution
- Distribution raised by $0.1065 per common unit
- New quarterly distribution of $0.9565 per unit ($3.826 annualized)
Negative
- None.
Details
News Market Reaction – MPLX
The recorded move for MPLX in the trading session of this news was +2.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
This represents a
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 (
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
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
View original content:https://www.prnewswire.com/news-releases/mplx-lp-increases-quarterly-distribution-302290296.html
SOURCE MPLX LP
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