MPLX has declared a cash distribution of 60.75 cents per common unit for the fourth quarter of 2017.
That represents an increase of 2 cents per unit, or 3.4 percent, over the third-quarter 2017 distribution, and an increase of 8.75 cents per unit, or 16.8 percent, over the fourth-quarter 2016 distribution.
The distribution will be paid Feb. 14 to common unitholders of record as of Feb. 5.
Since the partnership’s initial public offering in October 2012, the MPLX board has authorized distribution increases for 20 consecutive quarters.
MPLX will announce its fourth-quarter earnings on Feb. 1.