MPLX LP As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
MPLX $3.10 0.0% 9.9% 2.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Midstream MLP 8.7% 9 5.6% Quarter 2013

MPLX LP (MPLX) will increase its quarterly distribution by 4.2 percent to $0.5625 per unit.

The distribution will be paid August 14, 2017, to common unitholders of record as of August 7, 2017.

MPLX is a 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. MPLX was formed in 2012 by Marathon Petroleum Corporation (MPC) to own, operate, develop and acquire midstream energy infrastructure assets.