Timberlands Portfolio Optimization
Completed two high-quality acquisitions totaling $459 million, with strategic divestitures expected to result in $410 million of cash proceeds by year-end. Achieved multiyear timberlands growth target announced in September 2021.
Strong Real Estate and NCS Business Performance
Real Estate, Energy, and Natural Resources segment contributed $91 million to adjusted EBITDA. Increased guidance for full-year 2025 adjusted EBITDA to approximately $390 million, up $40 million from prior guidance.
Natural Climate Solutions Growth
On track to reach $100 million of adjusted EBITDA from Natural Climate Solutions by year-end. Carbon capture and sequestration project with Occidental Petroleum progressing with a new joint venture.
Dividend and Share Repurchase
Returned substantial cash to shareholders through dividends and share repurchase activities, with $25 million repurchased in the third quarter.