Americas Energy Services: Changes in Coverage

Research evidence excerpt

Americas Energy Services: Changes in Coverage

Solutions, Expro Ltd., Helmerich & Payne Inc., Liberty Energy Inc., MYR Group, MasTec Inc., NOV Inc.,

Patterson-UTI Energy Inc., ProPetro Holding Corp., Quanta Services, TechnipFMC Plc and Weatherford International Ltd. is/are relative to the

other companies in its/their coverage universe: Argan Inc., Atlas Energy Solutions, Expro Ltd., Halliburton Co., Helmerich & Payne Inc., Liberty Energy

Inc., MYR Group, MasTec Inc., NOV Inc., Patterson-UTI Energy Inc., ProPetro Holding Corp., Quanta Services, SLB, TechnipFMC Plc, Weatherford

International Ltd.

Company-specific regulatory disclosures

Compendium report: please see disclosures at https://www.gs.com/research/hedge.html. Disclosures applicable to the companies included in this

compendium can be found in the latest relevant published research

Distribution of ratings/investment banking relationships

Goldman Sachs Investment Research global Equity coverage universe

Rating Distribution Investment Banking Relationships

Buy Hold Sell Buy Hold Sell

Global 50% 34% 16% 65% 59% 43%

As of July 1, 2026, Goldman Sachs Global Investment Research had investment ratings on 3,104 equity securities. Goldman Sachs assigns stocks as Buys

and Sells on various regional Investment Lists; stocks not so assigned are deemed Neutral. Such assignments equate to Buy, Hold and Sell for the

purposes of the above disclosure required by the FINRA Rules. See ‘Ratings, Coverage universe and related definitions’ below. The Investment Banking

Relationships chart reflects the percentage of subject companies within each rating category for whom Goldman Sachs has provided investment

banking services within the previous twelve months.

Price target and rating history chart(s)

27 July 2026 2