Global Energy Research Highlights: Week Ending Jul 10, 2026

Research evidence excerpt

Global Energy Research Highlights: Week Ending Jul 10, 2026

J P M O R G A N Global Equity Research

10 July 2026

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Global Energy Research

Highlights

Week Ending Jul 10, 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

• JPM Shale Land Rig Analysis : Analyzing Activity Trends by Operator, gr_publications@jpmorgan.comJ.P. Morgan Securities LLC

Basin, and Drilling Contractor: U.S. Land Rig Activity Falls by -3 WoW,

Despite +7 Rig Adds from Privates

• Range Resources : 2Q26 Preview: A Typical, Super Solid Range Quarter in J.P.corporateMorganbrokerSecuritiesto Intertekplc isGroupactingplcas (“Intertek”)financial adviserin and

the Field, Albeit with EBITDAX Miss on Softer NatGas Realizations connection with the recommended cash offer to acquire the

entire issued and to be issued ordinary share capital of

• National Energy Services Reunited : 2Q26 Preview: Advantage at Home, Intertek by Isotope Bidco Limited (a newly formed company

Earned in the Field to be indirectly owned by EQT X EUR SCSp and EQT X USD SCSp, each acting through its manager (gérant) EQT

• PBF Energy : 2Q26 Earnings Preview: Step Change Inflection Supports FundminorityManagementshareholdersS.àincluding,r.l., togetheramongwithothers,certainADIAindirectand

Sizeable Beat Mubadala) as announced on 16th April 2026 and updated on

18th June 2026.