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MPLX's third-quarter earnings rise as pipeline throughputs increase
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MPLX's third-quarter earnings rise as pipeline throughputs increase
Nov 5, 2024 8:14 PM

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 the company transported

greater volumes of energy products through its pipeline systems.

Its 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.

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