1996 Other Mitsubishi Models LOTS OF CLEAR WATER FROM EXHAUS

Its called condensation
if you dont have any fluid leak or lose
you should be fine and dont worry about it
it common and normal

Again if all your fluids OK car running fine
weather will effect the amount of the condensation
also some after market muflers and exhaust system may don’t have a drain hole in it or it became clogged

Water is a by-product of the combustion process, you will produce almost 1litre of water per liter of fuel used, now this is most evident when the engine is cold, water dripping from the exhaust and stem as it is heating up, when the engine and exhaust is fully hot, this water vapor is not visible, if water or vapor is still visible after warm up, it may be that the engine is running to cold, or there is a problem somewhere, If coolant levels are constant and no white smoke that is normally the anti freeze agent burning off, I would not be overly concerned, but for piece of mind maybe get your work shop to inspect things for you.