George Staphos's questions to Weyerhaeuser Co (WY) leadership • Q1 2025
Question
George Staphos asked if the softer start to the building season prompted any changes to the full-year harvest plan, sought details on the Occidental Petroleum CCS agreement's financial milestones and cash flow timing, and inquired about the current impact of tariffs on lumber pricing.
Answer
CEO Devin Stockfish confirmed that the full-year harvest plan remains unchanged, as it is set for long-term sustainability. Regarding the CCS agreement, he stated that cash flows are expected to appear on the P&L starting in 2029, but specific deal economics are being withheld to maintain leverage in future negotiations. He also opined that tariffs are not having a meaningful impact on lumber pricing at present, though that could change closer to implementation dates depending on market demand.