Weyerhaeuser Company reported net earnings of $87 million for the second quarter of 2025, translating to 12 cents per diluted share, on net sales of $1.9 billion. This marks a decrease from the $173 million net earnings, or 24 cents per diluted share, reported for the same period last year. The company achieved an Adjusted EBITDA of $336 million in the second quarter. The Real Estate, Energy & Natural Resources segment saw significant improvements with net sales increasing by $60 million from the first quarter to $154 million. The net contribution to pretax earnings increased by $50 million to $106 million, and Adjusted EBITDA rose by $61 million to $143 million, attributed to the timing and mix of real estate sales. Weyerhaeuser completed approximately $125 million of share repurchases in the first half of 2025, concluding a prior $1 billion share repurchase program and announcing a new $1 billion authorization in the second quarter. Additionally, the company announced agreements to acquire high-quality timberlands in North Carolina and Virginia and sell the Princeton lumber mill in British Columbia. For the third quarter of 2025, Weyerhaeuser anticipates that earnings before special items and Adjusted EBITDA for the Timberlands, Real Estate, Energy & Natural Resources, and Wood Products segments will be comparable to the second quarter, excluding the effects of changes in average sales realizations for lumber and oriented strand board. The company expects third quarter earnings in the Real Estate, Energy & Natural Resources segment to be approximately $60 million lower than the second quarter, with Adjusted EBITDA projected to be about $80 million lower due to the timing and mix of real estate sales. Weyerhaeuser maintains its full-year 2025 Adjusted EBITDA forecast at $350 million for this segment.