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TRINIDAD and Tobago NGL Ltd (TTNGL) recorded a reduced after-tax loss of $119.4 million for the financial year ended December 31, 2024 – a marked improvement from the $547.7 million loss it posted in 2023.

The company, a subsidiary of the TT National Gas Company, attributed the narrowed loss to a stronger operational performance from its core asset, Phoenix Park Gas Processors Ltd (PPGPL), as well as higher product prices and improved production volumes.

However, the company’s results were affected by an unrealised impairment charge of $184.3 million.