MPLX LP Increases Quarterly Distribution
(Thomson Reuters ONE) -
FINDLAY, Ohio, Oct. 21, 2014 - MPLX LP (NYSE: MPLX) today announced a cash
distribution of $0.3575 per common unit for the third quarter of 2014. This
represents an increase of $0.015 per unit, or 4.4 percent, over the previous
quarterly distribution and a 20.2 percent increase over the third quarter of
2013. MPLX has increased its distribution every quarter since its initial public
offering in October 2012, consistent with the intent to maintain an attractive
distribution growth profile over an extended period of time. The third-quarter
distribution will be paid Nov. 14, 2014, to unitholders of record Nov. 4, 2014.
On Oct. 30, MPLX will provide an update on its 2014 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 "2014 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. For additional information about
the partnership, please see our website at http://www.mplx.com.
Investor Relations Contacts:
Geri Ewing (419) 421-2071
Teresa Homan (419) 421-2965
Media Contacts:
Angelia Graves (419) 421-2703
MPLX 2014 3Q Distribution:
http://hugin.info/155038/R/1864447/654380.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1864447]
Datum: 21.10.2014 - 13:23 Uhr
Sprache: Deutsch
News-ID 345716
Anzahl Zeichen: 3237
contact information:
Town:
FINDLAY
Kategorie:
Business News
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