By Georgina McCartney
HOUSTON, Nov 5 (Reuters) - U.S. midstream company 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 logistics and storage segment rose to $1.16 billion, compared with $1.09 billion for the third quarter of 2023.
(Reporting by Georgina McCartney in Houston, Editing by Louise Heavens)
((Georgina.McCartney@thomsonreuters.com;))
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