SCHEDULE 13G/A: Bank of America Discloses 6.9% Beneficial Ownership in NGL Energy Partners LP

Bank of America Corporation has filed an amended Schedule 13G, reporting a 6.9% beneficial ownership stake in NGL Energy Partners LP as of March 31, 2025.

Summary

• Bank of America Corporation /DE/ has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in NGL Energy Partners LP.
• The filing indicates that Bank of America Corporation beneficially owns 9,087,128.00 common units representing Limited Partner Interests in NGL Energy Partners LP.
• This ownership stake represents 6.9% of the class of securities.
• Bank of America Corporation holds shared voting power over 9,077,858.00 units and shared dispositive power over 9,087,128.00 units.
• The filing date of the event requiring this statement was March 31, 2025.
• The beneficial ownership is held by Bank of America Corporation and its wholly-owned subsidiaries, including BofA Securities, Inc., Bank of America N.A., and Merrill Lynch Pierce Fenner & Smith, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook. It is a standard regulatory filing.

Positives

• The disclosure of a significant 6.9% beneficial ownership by a major financial institution like Bank of America Corporation can be interpreted as a vote of confidence in NGL Energy Partners LP.

Future Outlook

NA

Management Comments

• Andres Ortiz, Authorized Signatory for Bank of America Corp /DE/, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.

Industry Context

This filing represents a routine disclosure of institutional ownership in a publicly traded energy sector limited partnership, common among large financial institutions managing diverse portfolios.

Stakeholder Impact

• Shareholders: Provides transparency on significant institutional holdings, which can influence market perception and liquidity.

Key Dates

Keywords

NGL Energy Partners LP, Bank of America, Schedule 13G, beneficial ownership, common units, limited partner interests, SEC filing, institutional ownership