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CNX Resources expects second-half output surge with new Marcellus and Utica pads
The company targets a $90 million annual run rate from 45Z tax credit sales and environmental attributes beginning in 2027, while capex is expected to peak in Q3.
CNX Resources is positioning for stronger results in the back half of 2026, citing production timing tied to the startup sequence of large Marcellus and Utica pads, with output weighted toward late-year volumes, according to Yahoo Finance’s earnings call summary.
Management pointed to efficiency gains in Utica drilling, including 24-hour drilling records that are expected to support a stable well cost profile of about $1.7 thousand per foot, and described its current Appalachian activity level as among the most bullish in the basin.
The company forecasts a production surge in the second half of the year as a large Marcellus pad, expected to include 12 to 13 wells, comes online in Q3 and a Utica pad is brought into service in Q4.
CNX Resources also outlined monetization goals, targeting a $90 million annual run rate from 45Z tax credit sales and environmental attributes starting in 2027, with capital expenditures expected to peak in Q3 due to field activity timing before leveling out in Q4, per the call summary.