Global Energy Research Highlights

Research evidence excerpt

Global Energy Research Highlights

J P M O R G A N Global Equity Research

17 July 2026

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Global Energy Research

Highlights

Week Ending Jul 17, 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

• Korea Battery : LGES wins 2.9GWh Google ESS project; SK On wins 13% gr_publications@jpmorgan.comJ.P. Morgan Securities LLC

of Korea AI ESS tender

• JPMC Utilities Daily : 17 July: Spanish Utilities, NTGY

• Energy Infrastructure/MLPs Weekly : 2Q26 Preview Takeaways and One-

Liners; KMI Earnings Kickoff Next Week; Comps; News Flow; Midstream

Leads Market

• Chemical Reactions : July 2026: PX spread jumped to highest since Aug

2024. Shandong tightens enforcement of ‘20-yr old’ capacity phaseout

• North American Utilities Weekly : 2Q26 Previews; Affordability Concerns

Percolate Amidst IURC & NJ Reports, PJM Capacity Auction; WMB BTM

Funding; Sentiment Check; News Flow; Comps; Utilities Lead

• JPM Mining Daily : Iron Ore -0.4%, Gold -2.1%, BHP 4Q26 Retain OW,

China Basic Materials, China Steel Channel Checker, Aura Minerals, EMEA

Gold & More

• AltaGas Ltd : Thoughts into 2Q26: LPG Strength & Midstream Platform

Expansions in Focus

• Energy Infrastructure/ MLPs Previews : Distilling 2Q26 Preview

Takeaways: Commodity Uplift to Benefit 2Q; Prolific Permian & NatGas

Logistics Growth Opportunities in Focus