2019 News Releases

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08/01/19MPLX LP Reports Second-Quarter 2019 Financial Results
FINDLAY, Ohio, Aug. 1, 2019 /PRNewswire/ -- Reported second quarter net income of $482 million and adjusted EBITDA of $920 million, both up 6% year-over-year Reported net cash provided by operating activities of $834 million, 1.36x adjusted distribution coverage1, and 3.9x leverage Closed acquisition of Andeavor Logistics on July 30 Announced plans to proceed with Whistler, a Permian natural gas pipeline Signed definitive agreements for Wink-to-Webster, a Permian c... 
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07/30/19MPLX Completes Acquisition of Andeavor Logistics
FINDLAY, Ohio, July 30, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company has completed its acquisition of Andeavor Logistics LP (ANDX) in a unit-for-unit transaction (with a blended exchange ratio of 1.07 times) and assumption of approximately $5 billion of debt. As of this morning, ANDX ceased to be publicly traded and its common units discontinued trading on the New York Stock Exchange. "We are pleased to close our acquisition of Andeavor Logistics today," said Gary... 
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07/22/19MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio, July 22, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6675 per common unit for the second quarter of 2019, or $2.67 on an annualized basis. This represents an increase of $0.01 per unit, or 1.5 percent, over the first quarter 2019 distribution, and an increase of $0.04 per unit, or 6.4 percent, over the second quarter 2018 distribution. This is the 26th consecutive quarterly distributio... 
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07/01/19MPLX LP to Announce 2019 Second-Quarter Financial Results August 1
FINDLAY, Ohio, July 1, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Thursday, August 1, at 11 a.m. EDT to discuss 2019 second-quarter financial results, which will be released earlier that day, and to provide an update on company operations. Interested parties may listen to the conference call by visiting MPLX's website at http://www.mplx.com and clicking on the "2019 Second... 
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06/28/19MPLX LP Announces Unitholder Consent Deadline and Anticipated Closing Date of the Andeavor Logistics Acquisition
FINDLAY, Ohio, June 28, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) today announced that the Board of Directors of the general partner of ANDX has set June 28, 2019 as the record date for determining holders of ANDX common units entitled to execute and deliver written consents with respect to the proposed acquisition. The consent process will conclude on July 29, 2019. ANDX's general partner and a subsidiary of Marathon Petroleum Corporation (NYSE: MPC), wh... 
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06/05/19MPLX, WhiteWater Midstream and Stonepeak/WTG Proceeding with Whistler Pipeline Project
FINDLAY, Ohio, June 5, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX), WhiteWater Midstream (WhiteWater) backed by First Infrastructure Capital, and a joint venture between Stonepeak Infrastructure Partners (Stonepeak) and West Texas Gas, Inc. (WTG) have reached a final investment decision to move forward with the design and construction of the Whistler Pipeline after having secured sufficient firm transportation agreements with shippers. The majority of available capacity on the planned pipeline has... 
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05/08/19MPLX LP Reports First-Quarter 2019 Financial Results
FINDLAY, Ohio, May 8, 2019 /PRNewswire/ --  Reported first quarter net income of $503 million and adjusted EBITDA of $930 million, which provided 1.41x distribution coverage and resulted in 3.9x leverage Logistics & Storage segment income from operations of $480 million and adjusted EBITDA of $559 million driven by strong results from the underlying base business Gathering & Processing segment income from operations of $198 million and adjusted EBITDA of $371 million d... 
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05/08/19MPLX LP Announces Agreement to Acquire Andeavor Logistics LP
- MPLX to acquire ANDX in a unit-for-unit transaction at a 1.07x blended exchange ratio representing a 1% premium to market1 - Combination immediately accretive to distributable cash flow for public MPLX and ANDX unitholders2 - Creates a leading, large-scale, diversified midstream company anchored by fee-based cash flows with an expanded geographic footprint and enhanced long-term growth opportunities - Near-term focus on capital efficiency and optimization across the portfolio ... 
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04/29/19MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio, April 29, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6575 per common unit for the first quarter 2019, or $2.63 on an annualized basis. This represents an increase of $0.01 per unit, or 1.5 percent, over the fourth quarter 2018 distribution, and an increase of $0.04 per unit, or 6.5 percent, over the first quarter 2018 distribution. This is the 25th consecutive quarterly distribution i... 
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04/08/19MPLX LP to Announce 2019 First-Quarter Financial Results May 8
FINDLAY, Ohio, April 8, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call with analysts on Wednesday, May 8, at 11 a.m. EDT to discuss 2019 first-quarter financial results, which will be released earlier that day, and to provide an update on company operations.  Interested parties may listen to the conference call by visiting MPLX's website at http://www.mplx.com and clicking on the "2019 First... 
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03/01/19MPLX LP 2018 K-1 tax packages now available on company website
FINDLAY, Ohio, March 1, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced that the company's 2018 investor tax packages are now available on its website, http://www.mplx.com. Investors may select the Tax Reporting Package link under the Investors tab, or use the following link: http://www.mplx.com/Investors/Tax_Reporting_Package/ Additionally, MPLX plans to mail tax packages on March 8, 2019. Questions regarding the Tax Reporting Package for the year ended December 31, 2018, can be add... 
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02/28/19MPLX LP files 2018 Form 10-K
FINDLAY, Ohio, Feb. 28, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2018. The filing can be viewed through a link on MPLX's website at http://www.mplx.com by selecting the "SEC Filings" link under the "Investors" tab. Upon written request, unitholders may receive, free of charge, a hard copy of MPLX's Annual Report on Form 10-K (including complete audited financial statem... 
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02/07/19MPLX LP Delivers Extraordinary Results in 2018
FINDLAY, Ohio, Feb. 7, 2019 /PRNewswire/ --  Reported record full-year net income of $1.8 billion and adjusted EBITDA of $3.5 billion, an increase of $1.0 billion and $1.5 billion, respectively, compared to 2017 Logistics & Storage (L&S): expanded earnings base through completion of dropdowns, pipeline expansions, and acquisition of an export terminal Gathering & Processing (G&P): added 11 plants with 1.5 billion-cubic-feet-per-day of processing and 1... 
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01/31/19Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline to Align with Capline Reversal Open Season
FINDLAY, Ohio, Jan. 31, 2019 /PRNewswire/ -- Crimson Midstream, LLC and MPLX LP (NYSE: MPLX) today announced an extension to the binding open season on the Swordfish Pipeline to align with the recently announced binding open season by Capline Pipeline Company LLC. Additionally, the Louisiana Offshore Oil Port (LOOP) recently confirmed the loading of three VLCCs in seven days from the deepwater port and stated the number of vessels loaded can be scaled to meet increasing market demand. ... 
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01/25/19MPLX LP Increases Quarterly Distribution
FINDLAY, Ohio, Jan. 25, 2019 /PRNewswire/ -- The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6475 per common unit for the fourth quarter 2018, or $2.59 on an annualized basis. This represents an increase of $0.01 per unit, or 1.6 percent, over the third quarter 2018 distribution, and an increase of $0.04 per unit, or 6.6 percent, over the fourth quarter 2017 distribution. This is the 24th consecutive quarterly distribution i... 
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01/16/19MPLX LP To Announce 2018 Fourth-Quarter And Full-Year Financial Results February 7
FINDLAY, Ohio, Jan. 16, 2019 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will release its 2018 fourth-quarter and full-year financial results before the market opens on Thursday, February 7. MPLX will live broadcast its conference call with analysts regarding its financial results and provide an update on company operations at 11 a.m. EST. Interested parties may listen to the conference call by visiting MPLX's website at... 
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