Bank of America (NGL) reports 8.28M units, 6.7% ownership (Schedule 13G/A)

Rhea-AI Filing Summary

Bank of America Corporation filed an Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership of 8,283,983 common units representing limited partner interests of NGL Energy Partners LP. The filing states this equals 6.7% of the class, based on 123,814,289 outstanding shares as of January 30, 2026 (reported in the issuer's Form 10-Q on February 3, 2026). The ownership is held by Bank of America and certain wholly owned subsidiaries, with 8,275,036 shared voting power and 8,283,983 shared dispositive power.

Insights

Institutional Ownership Analyst

Large passive stake reported by Bank of America affiliates; routine 13G/A update.

The filing documents a 6.7% beneficial position of 8,283,983 units, with voting and dispositive power allocated across Bank of America and subsidiaries. This appears to be an ownership disclosure consistent with passive investment reporting under Schedule 13G/A.

Key dependencies include the 123,814,289 shares outstanding as of January 30, 2026 used to calculate the percentage. Future changes in holdings will be visible in subsequent amendments.

Regulatory Compliance Counsel

Disclosure assigns shared voting and dispositive powers to parent and affiliates, with required subsidiary identification.

The statement notes the filing is made on behalf of Bank of America Corp and wholly owned subsidiaries, including broker‑dealers and a bank, and references Item 7 subsidiary identification requirements. This aligns with Schedule 13G/A rules for parent/affiliate reporting.

Absent any sale/purchase detail in the excerpt, cash‑flow treatment and transaction timing are not provided; subsequent filings would show trading activity if any.

Key Figures

Beneficial ownership: 8,283,983 units Percent of class: 6.7% Shares outstanding: 123,814,289 shares +2 more

5 metrics

Beneficial ownership 8,283,983 units Amount beneficially owned reported on Schedule 13G/A

Percent of class 6.7% Calculated using shares outstanding as of <date> January 30, 2026

Shares outstanding 123,814,289 shares Issuer's Form 10-Q reported as of <date> January 30, 2026

Shared voting power 8,275,036 shares Reported shared power to vote or to direct the vote

Shared dispositive power 8,283,983 shares Reported shared power to dispose or direct disposition

Key Terms

Schedule 13G/A, beneficially owned, shared dispositive power, CUSIP, +1 more

5 terms

Schedule 13G/A regulatory

"filed an Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Amount beneficially owned: 8,283,983.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared power to dispose or to direct the disposition of: 8,283,983.00"

CUSIP technical

"CUSIP No.: 62913M107"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

parent holding company regulatory

"statement on is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

NGL Energy Partners LP

(Name of Issuer)

Common units representing Limited Partner Interests

(Title of Class of Securities)

62913M107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 62913M107

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,275,036.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,283,983.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,283,983.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.7 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 123,814,289 outstanding shares disclosed in the Form 10-Q by the issuer on February 3, 2026, which reports share totals as of January 30, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NGL Energy Partners LP
(b)	Address of issuer's principal executive offices: 6120 S. YALE, SUITE 1300, TULSA, OKLAHOMA, 74136.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common units representing Limited Partner Interests
(e)	CUSIP No.: 62913M107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8,283,983.00
(b)	Percent of class: 6.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 8,275,036.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 8,283,983.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); and Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	04/27/2026

FAQ

What stake does Bank of America report in NGL (NGL)?

Bank of America reports beneficial ownership of 8,283,983 common units, representing 6.7% of the class. The percentage uses 123,814,289 outstanding shares as of January 30, 2026 from the issuer's Form 10-Q.

Does the filing show who holds voting power for the NGL units?

The filing reports 8,275,036 shares of shared voting power and 0 sole voting power. Voting authority is allocated among Bank of America and identified wholly owned subsidiaries in the submission.

Which Bank of America entities are named in the Schedule 13G/A for NGL?

The filing is made by Bank of America Corporation on behalf of itself and wholly owned subsidiaries, including BofA Securities, Inc., Bank of America N.A., and Merrill Lynch Pierce Fenner & Smith, Inc. as identified in Item 7.

Is this filing an active trade or a passive ownership disclosure for NGL?

This Schedule 13G/A amendment is a beneficial ownership disclosure reporting holdings; the excerpt does not describe any specific purchase or sale transactions or timing of trades.

What outstanding share figure is used to calculate the 6.7% for NGL?

The percentage calculation relies on 123,814,289 outstanding shares disclosed in NGL's Form 10-Q filed February 3, 2026, which reports share totals as of January 30, 2026.