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Get filing alertsWeyerhaeuser reports Q2 earnings of $162M ($0.23/share), up 86% YoY on Oregon land sale
Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read
Key Changes
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Q2 net earnings rose to $162M ($0.23/share) from $87M ($0.12/share) in Q2 2025, driven by a $71M after-tax gain from the sale of 29,000 acres of Oregon timberlands for $114M. Excluding special items, earnings were $91M ($0.13/share).
Exhibit 99.1 view on EDGAR → -
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Wood Products segment improved sequentially as lumber realizations rose 15% and OSB realizations increased 407.1% versus Q1 2026, lifting pretax contribution from $14M to $71M (before special items).
Exhibit 99.1 view on EDGAR → -
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Adjusted EBITDA of $310M was down 8% YoY from $336M but flat versus Q1 2026's $308M. Management raised full-year Strategic Land Solutions EBITDA guidance by $25M to approximately $450M.
Exhibit 99.1 view on EDGAR → -
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The company paid $400M in long-term debt during H1 2026 while issuing $331M in commercial paper, increasing net long-term debt from $5.05B to $5.30B. Share repurchases totaled $20M year-to-date, down from $125M in H1 2025.
Exhibit 99.2 view on EDGAR → -
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Quarterly dividend held at $0.21/share ($152M paid in Q2). Year-to-date timberland sales gains totaled $129M, with no comparable gains in the prior year.
Exhibit 99.2 view on EDGAR →
Summary
Weyerhaeuser's Q2 2026 results reflect a mix of operational improvement and portfolio management. Net earnings of $162 million ($0.23/share) doubled year-over-year, though the headline figure includes a $71 million after-tax gain from the June sale of 29,000 acres of non-core Oregon timberlands for $114 million.
Stripping out special items, core earnings of $91 million ($0.13/share) still improved from Q1's $77 million, driven by stronger Wood Products pricing—lumber realizations up 15% and OSB up 407.1% sequentially—that lifted the segment's pretax contribution from $14 million to $71 million.
Adjusted EBITDA of $310 million was essentially flat versus Q1 but down 8% year-over-year, reflecting mixed segment performance despite improved pricing. Management raised full-year Strategic Land Solutions EBITDA guidance by $25 million to approximately $450 million, signaling confidence in land monetization. Capital allocation shifted toward debt reduction: the company paid down $400 million in long-term debt during the first half while issuing $331 million in commercial paper, increasing net debt from $5.05 billion to $5.30 billion. Share repurchases slowed sharply to $20 million year-to-date from $125 million in the prior-year period, while the $0.21 quarterly dividend remained unchanged. The timberland sale and improved Wood Products pricing provide near-term support, though the year-over-year EBITDA decline and elevated debt warrant attention.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Weyerhaeuser Company (NYSE: WY) today reported second quarter net earnings of $162 million, or 23 cents per diluted share, on net sales of $1.9 billion. This compares with net earnings of $87 million, or 12 cents per diluted share, on net sales of $1.9 billion for the same period last year and net earnings of $156 million for first quarter 2026. Excluding an after-tax benefit of $71 million for special items, the company reported second quarter net earnings of $91 million, or 13 cents per diluted share.
Weyerhaeuser reported Q2 2026 net earnings of $162 million ($0.23 per diluted share) on net sales of $1.9 billion, up from $87 million ($0.12 per share) in Q2 2025 and $156 million in Q1 2026. Excluding a $71 million after-tax gain from a timberland sale, net earnings before special items were $91 million ($0.13 per share), compared to $77 million in Q1 2026.
Event · Exhibit 99.2
Added in current filing · view on EDGAR → · paraphrased
Net earnings | $ 156 | $ 162 | $ 87 | $ 318 | $ 170
Earnings per share, basic and diluted | $ 0.22 | $ 0.23 | $ 0.12 | $ 0.44 | $ 0.23
Weyerhaeuser reported second quarter 2026 net earnings of $162 million, or $0.23 per diluted share, compared to $87 million or $0.12 per share in the prior-year quarter. Year-to-date net earnings reached $318 million ($0.44 per share) versus $170 million ($0.23 per share) in the first half of 2025. Revenue for the quarter was $1,867 million, down slightly from $170M in Q2 2025.
Added in current filing · view on EDGAR → · paraphrased
Gain on sale of timberlands | (58) | (71) | — | (129) | —
Gain on sale of timberlands | $ (58) | $ (71) | $ — | $ (129) | $ —
The company recognized gains on sale of timberlands totaling $71 million in Q2 2026 and $129 million year-to-date, with no comparable gains in the prior year. These gains are classified as special items and excluded from adjusted earnings metrics. The Timberlands segment received proceeds of $114 million in Q2 from timberland sales.
Added in current filing · view on EDGAR → · paraphrased
Product remediation insurance recovery | (21) | — | — | (21) | —
Product remediation insurance recovery | $ (28) | $ — | $ — | $ (28) | $ —
Weyerhaeuser recorded a $21 million after-tax insurance recovery ($28 million pretax) in Q1 2026 related to product remediation, classified as a special item in the Wood Products segment. No such recovery was recorded in Q2 2026 or the prior-year periods.
Added in current filing · view on EDGAR →
Net proceeds from issuance of commercial paper | — | 331 | — | 331 | — | Payments on long-term debt | (150) | (250) | — | (400) | (210) | Payments on commercial paper | — | (81) | — | (81) | —
During the first half of 2026, Weyerhaeuser issued $331 million in commercial paper and made $400 million in long-term debt payments, including $250 million in Q2. The company also paid down $81 million of commercial paper in Q2. Net long-term debt increased from $331M at year-end 2025 to $331M at June 30, 2026.
Added in current filing · view on EDGAR →
Dividends paid per common share | $ 0.21 | $ 0.21 | $ 0.21 | $ 0.42 | $
0.42 ... Cash dividends on common shares
$ (151) | $ (152) | $ (152) | $ (303) | $ (304
) ... Repurchases of common shares
(10) | (10) | (100) | (20) | (125)
Weyerhaeuser maintained its quarterly dividend at $0.21 per share, paying $152 million in Q2 2026 and $303 million year-to-date. Share repurchases totaled $10 million in Q2 2026 and $20 million year-to-date, significantly lower than the $100 million repurchased in Q2 2025 and $125 million in the first half of 2025.
Event · Item 2.02 — Results of Operations and Financial Condition
Weyerhaeuser announced Q2 2026 financial results via press release and supplemental information, both furnished as exhibits.
Added in current filing · verify on EDGAR → · paraphrased
On July 30, 2026, Weyerhaeuser Company issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. On July 30, 2026, Weyerhaeuser Company also made available on its website supplemental information regarding its results of operations and financial condition for the quarter ended June 30, 2026. A copy of the supplemental information is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
The company disclosed its second quarter 2026 financial results through a press release and supplemental materials. The actual financial metrics, operational performance, and management commentary are contained in the attached exhibits rather than in the body of this 8-K filing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify