Bank of America Corp Increases Stake in NGL Energy Partners LP to 6.7%

Bank of America Corporation filed a Schedule 13G/A on April 27, 2026, reporting a significant increase in its position in NGL Energy Partners LP (NGL). As of the event date of March 31, 2026, the filer reported beneficial ownership of 8,283,983 common units, representing a 6.7% stake in the company. This marks a substantial increase from a previous ownership level of 0.0%. The filing was made on behalf of Bank of America and its wholly-owned subsidiaries, including BofA Securities, Inc., Bank of America N.A., and Merrill Lynch Pierce Fenner & Smith, Inc. The reporting person holds shared dispositive power over all 8,283,983 shares and shared voting power over 8,275,036 shares. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The calculation of the ownership percentage is based on 123,814,289 outstanding shares as disclosed in the issuer's most recent Form 10-Q.