This week, we at Bourse review the performance of the sole member of the Energy Tier of the local stock exchange, Trinidad and Tobago NGL Limited (TTNGL) for its financial year ended December 31st, 2022 and for the six months ended June 30th, 2023. After extended delays in publishing its audited financials, TTNGL’s results reported a significant drop in earnings as the Company’s sole underlying asset, Phoenix Park Gas Processors Limited (PPGPL), faced considerable operational and market challenges. At the halfway mark of FY2023, results would not have improved. Despite this, TTNGL at a recent Broker meeting would have put forward some points for cautious optimism of improved performance in subsequent periods. Will TTNGL be able to turn its fortunes around, or will it continue to struggle under challenging circumstances?