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NGL turns around with $99m profit

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For the nine months ending September 30, 2025, Trinidad and Tobago NGL Ltd (TTNGL) has recorded profit after tax of $99.6 million, an increase of $63.5 million over the comparative period in 2024.

This translated into earnings per share of $0.64, up from $0.23 in 2024.

The company said in its financial statements posted on the T&T Stock Exchange on Tuesday that the turnaround was driven largely by the reversal of previously recognised impairment charges at its joint venture, Phoenix Park Gas Processors Ltd (PPGPL).
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