Due to environmental pollution and global warming, the use of renewable energy sources such as agricultural residues is gaining attention. Corn is the main source of food in many countries, and after harvesting it, the agricultural and industrial sectors generate significant amounts of residues. This study focused on corncob processing, its preparation, and the evaluation of its characteristics for energy needs. There was no significant difference between drying with active ventilation in the dryer and outdoor drying conditions. The adequate moisture content of corncob pellets is 12.39% at a compression ratio of 3.43 ± 0.011 and a maximum pellet density of 1012.96 ± 3.35 kg m−3. The variation in pellet density at a given adequate moisture content is at least 0.78%. The compression ratio of the pellets compacted on the horizontal matrix granulator is 9.75% higher than that of the pellets produced on the laboratory automatic press. The corncob’s lower calorific value was 17.35 ± 0.14 MJ kg−1, and the ash content was 1.78 ± 0.24%. The produced pellets are strong enough and can be used for combustion. This research may help to better understand the properties of corncobs and their energy potential.