MPLX increases quarterly distribution by 12.5% to $1.0765

NEW YORK - MPLX LP (NYSE:MPLX), a midstream energy company with a market capitalization of $51.6 billion, announced Tuesday it will raise its quarterly cash distribution to $1.0765 per common unit for the third quarter of 2025, representing a 12.5% increase from the previous quarter.

The new distribution, which equates to $4.31 on an annualized basis, marks a $0.12 increase per common unit over the second quarter 2025 distribution. According to InvestingPro data, MPLX has maintained dividend payments for 13 consecutive years, with the current yield standing at 7.82%.

MPLX, a diversified master limited partnership focused on midstream energy infrastructure and logistics assets, will pay the distribution on November 14, 2025, to unitholders of record as of November 7, 2025.

The company operates a network of crude oil and refined product pipelines, an inland marine business, terminals, storage facilities, and gathering systems. MPLX also owns natural gas and NGL processing and fractionation facilities in key U.S. supply basins.

The board of directors of MPLX’s general partner approved the distribution increase, which comes as part of the company’s regular quarterly distribution schedule.

In connection with the announcement, MPLX also issued a qualified tax notice to brokers and nominees holding units on behalf of non-U.S. investors, noting that distributions to these investors are subject to federal income tax withholding at the highest applicable effective tax rate.

In other recent news, MPLX LP has seen several significant developments. UBS has maintained its Buy rating and a price target of $64.00, citing increased ownership stakes in the BANGL and Matterhorn projects, which have led to a rise in their quarterly earnings estimates. Conversely, Stifel and Wells Fargo have both lowered their price targets to $59.00, reflecting the impact of MPLX’s divestiture of its Rockies gathering and processing assets on future financial performance. Despite these differing perspectives, both firms continue to hold positive ratings on the stock, with Stifel maintaining a Buy rating and Wells Fargo an Overweight rating. Additionally, MPLX LP has announced the appointment of Ray N. Walker, Jr. to its board of directors, expanding the board to eleven members. Walker will also serve on the audit and conflicts committees. His previous experience includes executive roles at Encino Energy and Range Resources Corporation. These recent developments are noteworthy for investors tracking MPLX LP.

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