HOUSTON, Nov 5 (Reuters) - U.S. midstream company MPLX ( MPLX )

reported stronger year-over-year net income for the

third quarter of 2024 on Tuesday as it transported greater

volumes of energy products through its pipeline systems at

higher rates.

Adjusted earnings before interest, taxes, depreciation and

amortization (EBITDA) were $1.7 billion in the period, compared

with $1.6 billion for the same time a year ago.

Adjusted EBITDA in MPLX's ( MPLX ) logistics and storage segment rose

to $1.16 billion, compared with $1.09 billion for the third

quarter of 2023.

The company's average pipeline tariff rate rose 2% to $1.01

per barrel.

Total pipeline throughputs were 6 million barrels per day

(bpd), a 1% uptick, while terminal throughput also rose 1% to

3.3 million bpd.

Adjusted EBITDA in MPLX's ( MPLX ) gathering and processing segment

rose to $557 million, compared with $505 million for the third

quarter of 2023.

Gathered volumes averaged 6.7 billion cubic feet per day

(bcf/d), an 8% increase.

The BANGL joint venture natural gas liquids pipeline,

between White Water, MPLX ( MPLX ), WTG, and Rattler, is being expanded

to increase capacity to 250,000 bpd, with expected completion in

the first quarter of 2025.

MPLX ( MPLX ) and its partners are progressing natural gas pipelines,

Blackcomb and Rio Bravo, which will move gas from the Permian to

the Gulf Coast. Both pipelines are expected in service in the

second half of 2026.

Meanwhile, MPLX ( MPLX ) is ramping up its gathering and processing

segment in the Permian and Marcellus as producer demand grows.

In the Permian, new plants will bring MPLX ( MPLX ) gas processing

capacity in the Delaware basin to 1.4 bcf/d in the second half

of 2025.

MPLX ( MPLX ) brought Preakness II online in July, a 200 million

cubic feet per day (mmcf/d) processing plant, and it expects

Secretariat, a 200 mmcf/d processing plant, to start operations

in the second half of next year.

In the Marcellus, new plants will bring MPLX ( MPLX ) gas processing

capacity in the Northeast to 8.1 bcf/d and total fractionation

capacity to 800,000 bpd.

Harmon Creek III, a 300 mmcf/d processing plant and 40,000

bpd de-ethanizer, is expected online in the second half of 2026.

In the Utica basin, MPLX ( MPLX ) is ramping up use of its existing

capacity, with gas processing volumes up 50% year to date versus

the same period of 2023.