CNX Resources reported stable operational performance in Q2 2025, maintaining production levels while focusing on capital efficiency and cost management amidst a challenging market.

• Production for the quarter is steady, with a targeted adjusted production rate of 580 million at a cost efficiency ratio of approximately $0.85 per million.
• The company plans to maintain a single rig program in the second half of the year, anticipating a decline in activity until Q4 due to scheduled turn-in-line (TIL) operations.
• Capital expenditures are expected to taper in Q3, with a forecasted increase in Q4 aligned with the resumption of higher activity levels.
• Positive trends in Utica well performance are noted, with costs already below target and production results exceeding expectations, suggesting further operational efficiencies can be realized.