MPLX LP Increases Quarterly Distribution

The quarterly payout rises 12.5% from the second quarter, adding $0.1346 per common unit.

Rhea-AI Summary

MPLX (MPLX) declared a quarterly cash distribution of $1.2111 per common unit for the third quarter of 2026.

The distribution increased 12.5%, or $0.1346 per unit, from the second quarter of 2026 and equals $4.84 on an annualized basis. Payment is scheduled for Nov. 13, 2026, to common unitholders of record on Nov. 6, 2026.

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0 major · 1 point

How the balance works

Positive

• Moderate point$1.2111 per common unit distribution for third-quarter 2026 increases 12.5%, or $0.1346, from second-quarter 2026.

Negative

• Minor pointNon-U.S. investors' distributions face federal income tax withholding at the highest applicable effective tax rate.

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FINDLAY, Ohio, Oct. 27, 2026 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $1.2111 per common unit for the third quarter of 2026, or $4.84 on an annualized basis.

This represents a 12.5% increase, or $0.1346 increase per common unit, over the second quarter 2026 distribution. The distribution will be paid on Nov. 13, 2026, to common unitholders of record as of Nov. 6, 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 Director

View original content:https://www.prnewswire.com/news-releases/mplx-lp-increases-quarterly-distribution-302921030.html

SOURCE MPLX LP

FAQ

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How much is MPLX's third-quarter 2026 distribution and when is it paid?

MPLX will pay $1.2111 per common unit on Nov. 13, 2026, to common unitholders of record on Nov. 6, 2026. The distribution is 12.5% higher than the second-quarter 2026 payout.

How does withholding apply to MPLX distributions for non-U.S. investors?

MPLX distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. Brokers and nominees must treat 100% as income effectively connected with a United States trade or business and 100% as exceeding cumulative net income for withholding purposes. Nominees, not MPLX, are responsible for withholding.