J.P. Morgan Natural Resources Conference: Takeaways (Days 1 – 2)

Research evidence excerpt

J.P. Morgan Natural Resources Conference: Takeaways (Days 1 – 2)

Ken Goldman AC North America Equity Research

(1-212) 622-0359 25 June 2026 J P M O R G A N

ken.goldman@jpmorgan.com

SOLV Energy: J.P. Morgan Natural Resources Conference Takeaways (Mark Strouse, CFA)

Talen Energy: J.P. Morgan Natural Resources Conference Takeaways (Jeremy Tonet, CFA)

The Williams Companies, Inc.: J.P. Morgan Natural Resources Conference Takeaways

(Jeremy Tonet, CFA)

Vistra: J.P. Morgan Natural Resources Conference Takeaways (Jeremy Tonet, CFA)

WEC Energy Group: J.P. Morgan Natural Resources Conference Takeaways (Jeremy Tonet,

CFA)

Day 2

Ameren Corporation: J.P. Morgan Natural Resources Conference Takeaways (Jeremy Tonet,

Centrus Energy: J.P. Morgan Natural Resources Conference Takeaways (Bill Peterson)

CMS Energy Corporation: J.P. Morgan Natural Resources Conference Takeaways (Jeremy

Tonet, CFA)

Delek Holdings: J.P. Morgan Natural Resources Conference Takeaways (Arun Jayaram)

Enlight Renewable Energy: J.P. Morgan Natural Resources Conference Takeaways (Mark

Strouse, CFA)

Enterprise Products Partners L.P.: J.P. Morgan Natural Resources Conference Takeaways

Exxon Mobil Corp: J.P. Morgan Natural Resources Conference Takeaways (Arun Jayaram)

FuelCell Energy: J.P. Morgan Natural Resources Conference Takeaways (Mark Strouse,

HA Sustainable Infrastructure Capital Inc: J.P. Morgan Natural Resources Conference

Takeaways (Mark Strouse, CFA)

Liberty Energy Inc: J.P. Morgan Natural Resources Conference Takeaways (Arun Jayaram)

Nabors Industries: J.P. Morgan Natural Resources Conference Takeaways (Arun Jayaram)

National Energy Services Reunited: J.P. Morgan Natural Resources Conference Takeaways

(Arun Jayaram)

Occidental Petroleum: J.P. Morgan Natural Resources Conference Takeaways (Arun

Jayaram)