SCHEDULE: RM Trading Discloses 3.3% Stake in NGL Energy Partners

RM Trading of Florida LLC, managed by Mark Paley, has disclosed a 3.3% beneficial ownership stake in NGL Energy Partners LP, totaling 4,306,135 common units.

Summary

• RM Trading of Florida LLC, managed by Mark Paley, reported beneficial ownership of 4,306,135 common units representing limited partner interests in NGL Energy Partners LP.
• This ownership represents 3.3% of the total class of common units.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
• The securities were not acquired or held for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of beneficial ownership, providing factual information without inherent positive or negative sentiment regarding the company's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership and does not provide specific industry context or trends beyond identifying NGL Energy Partners LP as the issuer of common units representing limited partner interests, typically associated with the energy midstream sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant beneficial owner, even if below the 5% threshold, provides transparency regarding the ownership structure and can influence market perception, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

NGL Energy Partners LP, RM Trading of Florida LLC, Mark Paley, Schedule 13G, Beneficial Ownership, Common Units, Limited Partner Interests, Energy, Midstream