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Stock impact report

MPLX LP Increases Quarterly Distribution

MPLX LP Common Units Representing Limited Partner Interests (MPLX) 
Last mplx lp common units representing limited partner interests earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: mplx.com/contact_us/investor_relations
Company Research Source: PR Newswire
FINDLAY, Ohio, July 22, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6675 per common unit for the second quarter of 2019, or $2.67 on an annualized basis.This represents an increase of $0.01 per unit, or 1.5 percent, over the first quarter 2019 distribution, and an increase of $0.04 per unit, or 6.4 percent, over the second quarter 2018 distribution. This is the 26th consecutive quarterly distribution increase and will be paid on Aug. 14, 2019, to common unitholders of record as of Aug. 5, 2019.As previously announced, MPLX expects to close the acquisition of Andeavor Logistics LP (NYSE: ANDX) on July 30, 2019, subject to the satisfaction or waiver of the remaining customary closing conditions. Given the anticipated timing of the closing of the transaction, the parties expect that ANDX common unitholders will not receive any future distributions from ANDX, but instead will receive the second Show less Read more
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