Energy Infrastructure/MLPs EIC Conference Takeaways: Aventura Adventures Highlight Robust Industry Trends; TRGP, WMB Rise to the Top

Research evidence excerpt

Energy Infrastructure/MLPs EIC Conference Takeaways: Aventura Adventures Highlight Robust Industry Trends; TRGP, WMB Rise to the Top

J P M O R G A N North America Equity Research

22 May 2026

Energy Infrastructure/MLPs

EIC Conference Takeaways: Aventura Adventures

Highlight Robust Industry Trends; TRGP, WMB Rise to

the Top

This note outlines key takeaways from our meetings with management teams at the Head of North America Power,

Energy Infrastructure Council Conference in Aventura, Florida, as well as Utilities, Midstream, LNG, and

numerous investor conversations. The conference included ~587 attendees and Nuclear

~52 host companies, with investor attendance increasing +6% YoY and meeting Jeremy Tonet, CFA AC

requests up 23% YoY. Corporates appeared notably upbeat coming off relatively (1-212) 622-4915

strong 1Q results, with expected higher for longer crude oil price environment jeremy.b.tonet@jpmorgan.com

feeding volume growth expectations. Meanwhile, macro events prompting Eli Jossen, CFA

renewed commodity price volatility present healthy optimization upside for those (1-212) 622-4113

eli.jossen@jpmchase.com

with the capabilities, particularly exports (EPD, ET, TRGP). Permian natgas

Vrathan Reddy

bottlenecks permeated many conversations, with the belief that even 5.3bcfd of

(1-212) 622-4692

egress added by 1Q27 might successfully lift Waha prices into positive territory for vrathan.reddy@jpmchase.com

any meaningful time (TRGP best torque). Those with natural gas logistics Francina Kolluri

platforms exuded confidence around the growth outlook as rising power (1-212) 270-5796

generation demand complements LNG pull to create incremental growth projects francina.kolluri@jpmchase.com

and robust growth visibility through the end of the decade (DTM, WMB, KMI, J.P.