MPLX LP (MPLX) has announced a cash distribution for the second quarter of 2026, set at $1.0765 per common unit.

The board of the midstream energy infrastructure limited partnership declared the distribution, which annualizes to $4.31 per unit.

This payment will be made on August 14, 2026, to unitholders of record as of the close of business on August 7, 2026.

MPLX operates as a diversified, large-scale master limited partnership, owning and managing midstream energy infrastructure and logistics assets while also providing fuel distribution services.

Its asset portfolio includes crude oil and refined product pipeline networks, inland marine operations, light product terminals, storage facilities, and refinery-related infrastructure, alongside crude oil and natural gas gathering systems.

The company also maintains natural gas and natural gas liquids processing and fractionation facilities across major supply basins in the United States.

This distribution aligns with the company's previously communicated guidance.

According to financial reports, MPLX's second-quarter adjusted EBITDA increased by 2% year-over-year to $1.7 billion, driven by strategic acquisitions and organic growth.

The company has previously announced a target of 12.5% annual distribution growth for both 2026 and 2027.

This quarterly distribution remains consistent with the first quarter, continuing the company's policy of consistently returning value to unitholders.