The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.85 per common unit for the third quarter of 2023, or $3.40 on an annualized basis.

This represents a 10% increase, or $0.075 increase per common unit, over the second quarter 2023 distribution. The distribution will be paid on Nov. 13, 2023, to common unitholders of record as of Nov. 3, 2023.

MPLX, LP