Energy Infrastructure/MLPs Weekly: Live From NY, It‘s the JPM Energy Conference!; Conference QBank and Preview; Waha Positivity Sparks Sentiment; News Flow; Comps; Midstream Lags Market

Research evidence excerpt

Energy Infrastructure/MLPs Weekly: Live From NY, It‘s the JPM Energy Conference!; Conference QBank and Preview; Waha Positivity Sparks Sentiment; News Flow; Comps; Midstream Lags Market

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

18 June 2026

Energy Infrastructure/MLPs

Weekly

Live From NY, It's the JPM Energy Conference!;

Conference QBank and Preview; Waha Positivity

Sparks Sentiment; News Flow; Comps; Midstream Lags

Market

• Sentiment check: thoughts into the JPM Energy Conference. We published

thoughts into JPM’s 11th annual Energy, Power, Renewables and Mining

conference. This year’s event will feature 144 corporates (see our updated

Question Bank to facilitate meeting prepatation). Across the conference, VST,

WMB, LNG, TLN, CEG represent five of the top six most requested

Head of North America Power,

companies. Overall, we look for Cheniere to continue the multi-year run of Utilities, Midstream, LNG, and

headliner updates driving meaningful stock upside, possibly with positive Nuclear

commentary on the guidance and/or new SPAs. For WMB’s BTM platform, AC Jeremy Tonet, CFA

we await color on whether the company would pair the well-telegraphed (1-212) 622-4915

attractive alternative financing mechanism with another deal with a different jeremy.b.tonet@jpmorgan.com

hyperscaler, highlighting potential to substantially increase the backlog. For Vrathan Reddy

midstream at large, with Waha unexpectedly entering positive territory post (1-212) 622-4692

GCX entering service, we look for color as to whether pricing reflects Hugh vrathan.reddy@jpmchase.com

Brinson line packing taking on near full phase I capacity earlier than expected, Eli Jossen, CFA

or if the basin has meaningfully less gas awaiting pipeline than the ~2.0bcf/d (1-212) 622-4113