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2016-01-25

MPLX LP: MPLX LP Increases Quarterly Distribution

FINDLAY, Ohio, Jan. 25, 2016 - MPLX LP (NYSE: MPLX) today announced that the
board of directors of its general partner has declared a cash distribution of
$0.50 per common unit for the fourth quarter of 2015. This represents an
increase of $0.03 per unit, or 6.4 percent, over the third-quarter 2015
distribution and an increase of $0.1175 per unit, or 30.7 percent, over the
fourth-quarter 2014 distribution. Since the partnership's initial public
offering in October 2012, the MPLX board has authorized distribution
increases for 12 consecutive quarters, representing a compound annual growth
rate of 24 percent over the minimum quarterly distribution established at the
partnership's formation. The distribution will be paid Feb. 12, 2016, to
unitholders of record as of Feb. 4, 2016.
On Feb. 3, MPLX will provide an update on its 2015 fourth-quarter and
full-year results through an earnings release, to be followed by a conference
call scheduled for 2 p.m. EST that day. Interested investors may listen to
the conference call by dialing 1-800-447-0521 (confirmation #41539371) or by
visiting MPLX's website athttp://www.mplx.comand clicking on the "2015
Fourth-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.

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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 network of common
carrier crude oil and products pipeline assets located in the Midwest and
Gulf Coast regions of the United States and a butane storage cavern located
in West Virginia with approximately 1 million barrels of natural gas liquids
storage capacity. In addition, MarkWest Energy Partners, L.P., a wholly owned
subsidiary of MPLX, owns and operates midstream service businesses. MarkWest
has a leading presence in many natural gas resource plays, including the
Marcellus Shale, Utica Shale, Huron/Berea Shale, Haynesville Shale, Woodford
Shale and Granite Wash formation.

Investor Relations Contacts:

Lisa Wilson (419) 421-2071
Kevin Hawkins (866) 858-0482

Media Contacts:

Chuck Rice (419) 421-2521

MPLX Distribution Increase
http://hugin.info/155038/R/1980982/725730.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: MPLX LP via Globenewswire

HUG#1980982

Författare WKR

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