FINDLAY, Ohio, Oct. 22, 2013 - MPLX LP (MPLX) today announced a cash distribution of $0.2975 per common unit for the third quarter of 2013. This represents an increase of $0.0125 per common unit, or 4.4 percent, over the previous quarterly distribution. MPLX has increased its cash distribution every quarter since its initial public offering in October 2012. The distribution will be paid Nov. 14, 2013, to unitholders of record on Nov. 4, 2013.
On Oct. 31, MPLX will provide an update on its 2013 third-quarter results through an earnings news release, to be followed by a conference call scheduled for 2 p.m. EDT that day. Interested investors can listen to the conference call on MPLX`s website at http://www.mplx.com by clicking on the "2013 Third-Quarter Financial Results" link in the "News & Headlines" section.
# # #
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 fee-based, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation to own, operate, develop and acquire pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. Headquartered in Findlay, Ohio, MPLX`s assets consist of a majority equity interest in a network of common carrier crude oil and products pipeline assets located in the Midwest and Gulf Coast regions of the United States and a 100 percent interest in a butane storage cavern located in West Virginia.
Investor Relations Contacts:
Pamela Beall (419) 429-5640
Beth Hunter (419) 421-2559
Geri Ewing (419) 421-2071
Angelia Graves (419) 421-2703
Jamal Kheiry (419) 421-3312
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: MPLX LP via Thomson Reuters ONE