Energy Infrastructure/MLPs Weekly Midstream Summer Rebalancing; JPM 2026 EPR Conference Soon; EROK Initiation; VG Grows SPA Book; WES Closes Brazos; News Flow; Comps; Midstream Leads

Research evidence excerpt

Energy Infrastructure/MLPs Weekly Midstream Summer Rebalancing; JPM 2026 EPR Conference Soon; EROK Initiation; VG Grows SPA Book; WES Closes Brazos; News Flow; Comps; Midstream Leads

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

12 June 2026

Energy Infrastructure/MLPs

Weekly

Midstream Summer Rebalancing; JPM 2026 EPR

Conference Soon; EROK Initiation; VG Grows SPA

Book; WES Closes Brazos; News Flow; Comps;

Midstream Leads

Head of North America Power,

• We would appreciate your vote in the 2026 Extel-Institutional Investor Utilities, Midstream, LNG, and

All-America Equity Research Survey for Midstream & Natural Gas and Nuclear

AC Utilities. Throughout the year, our team seeks to deliver thoughtful and Jeremy Tonet, CFA

detailed analysis to help investors understand and navigate a rapidly evolving (1-212) 622-4915

landscape across Power, Midstream, Utilities, LNG, and Nuclear. Our jeremy.b.tonet@jpmorgan.com

differentiated product suite encompasses company analysis, industry deep Vrathan Reddy

dives, unique expert access, and more. If you have found our work helpful, we (1-212) 622-4692

ask for your consideration in the survey, ideally with 5 stars for JPM in each vrathan.reddy@jpmchase.com

category. LINK TO VOTE HERE. Eli Jossen, CFA

(1-212) 622-4113

• Sentiment check: VG continues commercial wins, Alerian rebalancing eli.jossen@jpmchase.com

drives sharp moves. Demonstrating continued contracting momentum, VG Francina Kolluri

doubled capacity on an existing 20-year SPA with Atlantic-SEE to 1mtpa. (1-212) 270-5796

While acknowledging significant open exposure in outer years, VG continues francina.kolluri@jpmchase.com

to lock in more cash flows, which we believe should argue for meaningful J.P. Morgan Securities LLC

upside to current levels.