Global Energy Research Highlights Week Ending Jun 19, 2026

Research evidence excerpt

Global Energy Research Highlights Week Ending Jun 19, 2026

J P M O R G A N Global Equity Research

26 June 2026

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Global Energy Research

Highlights

Week Ending Jun 26, 2026

This report provides a summary of the research produced by J.P. Morgan Global Global Equity Research

ACEnergy Equity Research. Key highlights from the past week are below: Global Equity Research

• JPMC Utilities Daily: 26 June: ANE, SSE, ORSTED, IBE x2 gr_publications@jpmorgan.comJ.P. Morgan Securities LLC

• Spire Inc: Start Me Up; Regulated Transformation In-Flight; MO Execution

Critical; Moving to Neutral Rating and $85 Price Target from Not Rated

• JPM Mining Daily: Iron Ore -0.9%, Spodumene -3.5%, Commercial Metals

Company, JPM Natural Resource Conference Takeaways & More

• Perusahaan Gas Negara: Highest USD dividend stock in APAC utilities;

upgrade to OW

• APAC Energy Transition: Implications: When data center backlash meets

US grid queue reform

• California Refining: Clean Products Build ~0.9mmbbl w/w; Remain Below

Seasonal Lows

• Oil Sands SAGD Monthly Production Tracker: Thoughts on May AER

Data Release

• JPMC Utilities Daily: 25 June: RWE, FORTUM, SRG, IBE, ENGI

• Independent Power Producers: Sparks & Quarks: Positive Sentiment Out

of JPM Natural Resources Conference; CEG + Walmart Nuclear Deal;

Regulatory Tailwinds Take Shape; OKLO Inks Centrus JV; News Flow; IPPs

Outperform

• Galp Energia: OW a catalyst-rich 2H

• JPM Mining Daily: Iron Ore +1.7%, Gold Below $4000/oz, Aluminium -