Mplx Lp Stock Price, News & Analysis

The board of directors of MPLX LP has announced a quarterly cash distribution of $0.775 per common unit for Q1 2023, totaling $3.10 annually. This distribution will be paid on May 15, 2023, to common unitholders recorded as of May 5, 2023. The announcement includes a qualified tax notice for brokers representing non-U.S. investors, specifying that all distributions are subject to federal income tax withholding at the highest applicable rate. MPLX LP is a large-cap master limited partnership focused on midstream energy infrastructure and logistics, with extensive assets including crude oil pipelines and natural gas processing facilities. More details can be found at www.MPLX.com.

MPLX LP (NYSE: MPLX) has announced that its 2022 investor tax packages are now accessible on its official website. Investors can find the tax reporting package under the Investors tab or use the provided links for direct access, with mail distribution set to commence on March 22, 2023. The tax packages pertain to the year ended December 31, 2022. For inquiries, investors can contact the dedicated toll-free number.

MPLX is a large-cap master limited partnership engaged in midstream energy infrastructure, owning extensive pipeline networks and processing facilities across key U.S. supply basins.

MPLX LP (NYSE: MPLX) will host a conference call on May 2, 2023, at 9:30 a.m. EDT to discuss its 2023 first-quarter financial results. Interested parties can listen via MPLX's website, where a replay will be available for two weeks post-event. Financial details, including the earnings release and investor materials, will be accessible on their website before the call. MPLX is a significant player in midstream energy, owning extensive pipelines and logistics assets, and providing fuels distribution services throughout the U.S.

MPLX LP (NYSE: MPLX) announced the filing of its Annual Report on Form 10-K for the year ended December 31, 2022, with the U.S. Securities and Exchange Commission on February 23, 2023. The full report, including audited financial statements, is accessible on MPLX's official website under the 'SEC Filings' section. MPLX operates a diverse range of midstream energy infrastructure, including pipelines, terminals, and processing facilities across the United States. Investors can request a hard copy of the report at no cost by contacting MPLX's Investor Relations.

MPLX LP (NYSE: MPLX) has successfully priced a public offering of $1.6 billion in senior notes, comprising $1.1 billion in 5.000% notes due 2033 and $500 million in 5.650% notes due 2053. The 2033 notes are priced at 99.170% of par, while the 2053 notes are at 99.536% of par. Proceeds will be utilized to redeem $600 million in Series B preferred units and repay a portion of $1 billion in 4.500% senior notes due July 2023. The closing of this offering is anticipated on February 9, 2023, contingent upon customary conditions.

MPLX reported a fourth-quarter 2022 net income of $816 million, slightly down from $830 million in Q4 2021. Full-year net income reached $3.9 billion, up from $3.1 billion in 2021. Adjusted EBITDA for Q4 2022 was $1.5 billion, compared to $1.4 billion in the same quarter last year, contributing to full-year adjusted EBITDA of $5.8 billion.

The company returned over $3.5 billion to unitholders in 2022 and announced a Q4 distribution of $0.775 per unit. Looking ahead, MPLX plans $950 million in capital spending for 2023, focusing on growth in its logistics and storage assets.