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StockNews.com
StockNews.com
Business
Anushka Dutta

1 Must-Watch Energy Stock for the End of 2022

MPLX MPLX LP

Energy company MPLX LP (MPLX) owns and operates midstream energy infrastructure and logistics assets. The company operates in two broad segments: Logistics and Storage; and Gathering and Processing. 

The company offers reliable dividends. In November, MPLX declared a quarterly distribution of $0.775 per common unit for the third quarter of 2022, representing a 10% increase over the second-quarter distribution. It has a record of nine years of consecutive dividend growth.

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