2016 News Releases

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DateTitle 
11/28/16MPLX Vice President of Operations Craig O. Pierson to retire
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10/27/16MPLX LP Reports Third-Quarter 2016 Financial Results
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10/25/16MPLX LP increases quarterly distribution
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10/11/16Cornerstone Pipeline Begins Operations, Provides Connectivity to Utica Shale
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10/06/16MPLX LP to announce 2016 third-quarter financial results Oct. 27
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10/06/16Pamela K.M. Beall named chief financial officer of MPLX
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08/30/16Marathon Petroleum Corp. to present at Barclays' 2016 CEO Energy-Power Conference
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08/24/16Marathon Petroleum Corporation and MPLX LP announce MPLX senior management changes
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07/28/16MPLX LP Reports Second-Quarter 2016 Financial Results
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07/22/16MPLX LP increases quarterly distribution
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06/29/16MPLX LP to announce 2016 second-quarter financial results July 28
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05/25/16MPLX LP to present at MLPA 2016 Investor Conference
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05/19/16MPLX LP begins operations at Hidalgo Complex in the Delaware Basin
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05/13/16MPLX LP Announces Closing of $1 Billion Private Placement of 6.5% Series A Convertible Preferred Units
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04/28/16MPLX LP Reports First-Quarter 2016 Financial Results
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04/27/16MPLX LP Announces $1 Billion Private Placement of 6.5% Series A Convertible Preferred Units
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04/19/16MPLX LP Increases Quarterly Distribution
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04/01/16Marathon Petroleum Corp. and MPLX LP complete drop-down of inland marine assets
FINDLAY, Ohio, April 1, 2016 - Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) have closed the transaction in which MPC contributed its inland marine business to MPLX, effective March 31, 2016. In exchange, MPLX is issuing equity to MPC valued at $600 million, at an approximate price of $26.09 per unit, with 98 percent of the equity in the form of common units and the remainder in general partner units. MPC has agreed to waive first-quarter 2016 common unit distributions, incentive... 
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03/30/16MPLX to Announce 2016 First-Quarter Financial Results April 28
FINDLAY, Ohio, March 30, 2016 - MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corporation (NYSE: MPC), will host a conference call on Thursday, April 28, at 11 a.m. EDT to discuss 2016 first-quarter financial results, which will be released earlier that day, and to provide an update on partnership operations. MPLX participants will be Gary R. Heminger, chairman and chief executive officer; Donald C. Templin, president; Nancy K. Buese, executive vice pres... 
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03/14/16Marathon Petroleum Corp. and MPLX LP announce drop-down of fee-based inland marine assets contributing approximately $120 million in annual EBITDA
FINDLAY, Ohio, March 14, 2016 - Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX) have executed definitive agreements for the contribution of MPC's inland marine business to MPLX. In exchange, MPLX will issue equity to MPC valued at $600 million. MPLX expects 98 percent of the equity to be issued in the form of common units and the remainder in general partner units, at an approximate price of $26.09 per unit.The total transaction consideration represents an implied multiple of appro... 
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03/01/16MPLX LP 2015 K-1 Tax Packages Now Available on Company Website
FINDLAY, Ohio, March 1, 2016 - MPLX LP (NYSE: MPLX) today announced that the company's 2015 investor tax packages are now available on its website, http://www.mplx.com. Investors may select the Tax Reporting Package link under the Investor tab, or use the link provided: http://www.mplx.com/Investors/Tax_Reporting_Package/. Additionally, MPLX has begun mailing tax packages today and will complete all mailings by March 7, 2016. Questions regarding the Tax Reporting Package for the period ended Dec... 
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02/26/16MPLX LP Files 2015 Form 10-K
FINDLAY, Ohio, Feb. 26, 2016 - MPLX LP (NYSE: MPLX) today announced it has filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2015. The filing can be viewed through a link on MPLX's website at www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab.  Upon written request, unitholders may receive, free of charge, a copy of MPLX's Annual Report on Form 10-K (including complete audited financial statem... 
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02/03/16MPLX LP Reports Fourth-Quarter and Full-Year 2015 Financial Results
Completed strategic combination with MarkWest on Dec. 4 Reported fourth-quarter 2015 adjusted EBITDA of $286 million and distributable cash flow of $227 million Delivered 29.1 percent distribution growth in 2015 with a 1.27 coverage ratio MPC offered to contribute its inland marine business to the partnership in exchange for MPLX equity Commenced operation of three major facilities in the Marcellus shale FINDLAY, Ohio, Feb. 3, 2016 - MPLX LP (NYSE: MPLX) today reported fourth-quarter and ... 
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01/25/16MPLX 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 author... 
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01/13/16MPLX LP to Announce 2015 Fourth-Quarter and Full-Year Financial Results Feb. 3
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