CNX Resources (CNX) Q2 2026 Earnings Call Transcript

CNX Resources lowered its 2026 guidance for adjusted EBITDAX and free cash flow, citing a softening near-term natural gas market outlook. However, the company projects approximately $90 million in annual carbon credit run rate starting in 2027 from 45Z tax credits and environmental attribute sales. Management maintains its capital allocation strategy with continued share repurchases despite near-term headwinds, while operational activity is expected to increase in Q3 with multiple well turn-in-lines.