
1of 8 Weyerhaeuser Company Exhibit 99.2 Q3.2026 Analyst Package Preliminary results (unaudited) Consolidated Statement of Operations Q1 Q2 Q3 Year-to-Date in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Net sales $ 1,727 $ 1,867 $ 1,862 $ 1,717 $ 5,456 $ 5,364 Costs of sales 1,409 1,556 1,605 1,513 4,570 4,500 Gross margin 318 311 257 204 886 864 Selling expenses 23 24 26 23 73 69 General and administrative expenses 119 115 115 107 349 340 Gain on sale of timberlands (58) (71) — — (129) — Other operating (income) costs, net (13) 20 16 (49) 23 (25) Operating income 247 223 100 123 570 480 Non-operating pension and other post-employment benefitcosts (14) (14) (15) (19) (43) (57) Interest income and other 4 4 3 6 11 17 Interest expense, net of capitalized interest (66) (66) (63) (71) (195) (203) Earnings before income taxes 171 147 25 39 343 237 Income taxes (15) 15 36 41 36 13 Net earnings $ 156 $ 162 $ 61 $ 80 $ 379 $ 250 Per Share Information Q1 Q2 Q3 Year-to-Date Mar 31,2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Earnings per share, basic and diluted $ 0.22 $ 0.23 $ 0.08 $ 0.11 $ 0.53 $ 0.35 Dividends paid per common share $ 0.21 $ 0.21 $ 0.21 $ 0.21 $ 0.63 $ 0.63 Weighted average shares outstanding (in thousands):Basic 721,290 721,421 720,982 721,598 721,230 723,791 Diluted 721,671 721,901 721,464 722,012 721,678 724,151 Common shares outstanding at end of period (in thousands) 721,043 720,692 720,342 720,861 720,342 720,861 Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization (Adjusted EBITDA) Q1 Q2 Q3 Year-to-Date in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Net earnings $ 156 $ 162 $ 61 $ 80 $ 379 $ 250 Non-operating pension and other post-employment benefitcosts 14 14 15 19 43 57 Interest income and other (4) (4) (3) (6) (11) (17) Interest expense, net of capitalized interest 66 66 63 71 195 203 Income taxes 15 (15) (36) (41) (36) (13) Operating income 247 223 100 123 570 480 Depreciation, depletion and amortization 124 127 132 130 383 380 Basis of acres sold 23 31 16 19 70 76 Special items included in operating income (86) (71) — (55) (157) (55) Adjusted EBITDA $ 308 $ 310 $ 248 $ 217 $ 866 $ 881 (1)Adjusted EBITDA is a non-GAAP measure that management uses to evaluate the performance of the company. Adjusted EBITDA, as we defineit, is operating income adjusted for depreciation, depletion, amortization, basis of Strategic Land Solutions acres sold and special items. Ourdefinition of Adjusted EBITDA may be different from similarly titled measures reported by other companies. Adjusted EBITDA should not beconsidered in isolation from, and is not intended to represent an alternative to, our GAAP results. ~PAGE-BREAK~ 2of 8 Weyerhaeuser Company Total Company Statistics Q3.2026 Analyst Package Preliminary results (unaudited) Special Items Included in Net Earnings (Income Tax Affected) Q1 Q2 Q3 Year-to-Date in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Net earnings $ 156 $ 162 $ 61 $ 80 $ 379 $ 250 Gain on lumber mill sale — — — (21) — (21) Gain on sale of timberlands (58) (71) — — (129) — Insurance recovery — — — (19) — (19) Product remediation insurance recovery (21) — — — (21) — Net earnings before special items $ 77 $ 91 $ 61 $ 40 $ 229 $ 210 Q1 Q2 Q3 Year-to-Date Mar 31,2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Net earnings per diluted share $ 0.22 $ 0.23 $ 0.08 $ 0.11 $ 0.53 $ 0.35 Gain on lumber mill sale — — — (0.03) — (0.03) Gain on sale of timberlands (0.08) (0.10) — — (0.18) — Insurance recovery — — — (0.02) — (0.03) Product remediation insurance recovery (0.03) — — — (0.03) — Net earnings per diluted share before special items $ 0.11 $ 0.13 $ 0.08 $ 0.06 $ 0.32 $ 0.29 (1)Net earnings before special items is a non-GAAP measure that management believes provides helpful context in understanding thecompany’searnings performance. Net earnings before special items should not be considered in isolation from, and is not intended to represent analternative to, our GAAP results. Selected Total Company Items Q1 Q2 Q3 Year-to-Date in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Pension and post-employment costs:Pension and post-employment service costs $ 4 $ 5 $ 4 $ 5 $ 13 $ 14 Non-operating pension and other post-employment benefitcosts 14 14 15 19 43 57 Total company pension and post-employment costs $ 18 $ 19 $ 19 $ 24 $ 56 $ 71 ~PAGE-BREAK~ 3of 8 Weyerhaeuser Company Q3.2026 Analyst Package Preliminary results (unaudited) Condensed Consolidated Balance Sheet in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Dec 31, 2025 ASSETSCurrent assets:Cash and cash equivalents $ 299 $ 527 $ 349 $ 464 Receivables, net 396 373 383 303 Receivables for taxes 8 5 6 10 Inventories 659 604 592 593 Assets held for sale — — — 128 Prepaid expenses and other current assets 141 127 131 154 Total current assets 1,503 1,636 1,461 1,652 Property and equipment, net 2,376 2,405 2,427 2,420 Construction in progress 397 423 466 337 Timber and timberlands at cost, less depletion 11,475 11,384 11,337 11,533 Minerals and mineral rights, less depletion 176 173 170 177 Deferred tax assets 91 113 144 97 Other assets 383 379 375 397 Total assets $ 16,401 $ 16,513 $ 16,380 $ 16,613 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of long-term debt $ 372 $ 122 $ — $ 522 Accounts payable 284 311 310 278 Accrued liabilities 404 468 494 478 Total current liabilities 1,060 901 804 1,278 Long-term debt, net 5,052 5,303 5,354 5,050 Deferred tax liabilities 15 15 16 18 Deferred pension and other post-employment benefits 484 486 488 485 Other liabilities 351 352 336 356 Total liabilities 6,962 7,057 6,998 7,187 Total equity 9,439 9,456 9,382 9,426 Total liabilities and equity $ 16,401 $ 16,513 $ 16,380 $ 16,613 ~PAGE-BREAK~ 4of 8 Weyerhaeuser Company Q3.2026 Analyst Package Preliminary results (unaudited) Consolidated Statement of Cash Flows Q1 Q2 Q3 Year-to-Date in millions Mar 31, 2026 Jun 30, 2026 Sept 30, 2026 Sept 30, 2025 Sept 30, 2026 Sept 30, 2025 Cash flows from operations:Net earnings $ 156 $ 162 $ 61 $ 80 $ 379 $ 250 Noncash charges (credits) to earnings:Depreciation, depletion and amortization 124 127 132 130 383 380 Basis of acres sold 23 31 16 19 70 76 Deferred income taxes, net 1 (26) (35) (65) (60) (61) Pension and other post-employment benefits 18 19 19 24 56 71 Share-based compensation expense 13 10 10 9 33 32 Gain on lumber mill sale — — — (29) — (29) Gain on sale of timberlands (58) (71) — — (129) — Other 1 — 1 3 2 3 Change in:Receivables, net (94) 11 (9) 29 (92) (37) Receivables and payables for taxes 1 13 (11) 4 3 (12) Inventories (68) 54 11 17 (3) 4 Prepaid expenses and other current assets 2 2 (6) (8) (2) 9 Accounts payable and accrued liabilities (66) 83 28 2 45 41 Pension and post-employment benefit contributionsand payments (5) (4) (5) (7) (14) (13) Other 4 (12) (19) 2 (27) (38) Net cash from operations $ 52 $ 399 $ 193 $ 210 $ 644 $ 676 Cash flows from investing activities:Capital expenditures for property and equipment $ (89)$ (131)$ (130)$ (118)$ (350)$ (288) Capital expenditures for timberlands reforestation (23) (8) (7) (7) (38) (37) Acquisitions of timberlands — (3) — (461) (3) (466) Proceeds from lumber mill sale — 22 — 61 22 61 Proceeds from sale of timberlands 192 114 — — 306 — Other 1 (1) (1) 4 (1) 1 Net cash from investing activities $ 81 $ (7)$ (138)$ (521)$ (64)$ (729) Cash flows from financing activities:Cash dividends on common shares $ (151)$ (152)$ (151)$ (150)$ (454)$ (454) Net proceeds from issuance of long-term debt — — — 799 — 1,098 Net proceeds from issuance of commercial paper — 331 50 — 381 — Payments on long-term debt (150) (250) (122) (502) (522) (712) Payments on commercial paper — (81) — — (81) — Repurchases of common shares (10) (10) (10) (25) (30) (150) Other (4) (2) — (2) (6) (12) Net cash from financing activities $ (315)$ (164)$ (233)$ 120 $ (712)$ (230) Net change in cash, cash equivalents and restricted cash $ (182)$ 228 $ (178)$ (191)$ (132)$ (283) Cash, cash equivalents and restricted cash at beginningof period 481 299 527 592 481 684 Cash, cash equivalents and restricted cash at end ofperiod $ 299 $ 527 $ 349 $ 401 $ 349 $ 401 Cash paid during the period for:Interest, net of amounts capitalized $ 60 $ 73 $ 62 $ 69 $ 195 $ 201 Income taxes, net of refunds $ 13 $ — $ 8 $ 21 $ 21 $ 61 (1)Includes capital expenditures related to the construction of our Monticello engineered wood products facility of $32 million and $70 million in thirdquarter 2025 and year-to-date 2025, respectively, and $30 million, $63 million, $54 million and $147 million in first quarter 2026, second quarter2026, third quarter 2026, and year-to-date 2026, respectively. These amounts are excluded for purposes of calculating Adjusted Funds Availablefor Distribution. ~PAGE-BREAK~ 5of 8 Weyerhaeuser Company Timberlands Segment Q3.2026 Analyst Package Preliminary results (unaudited) Segment Statement of Operations in millions Q1.2026 Q2.2026 Q3.2026 Q3.2025 YTD.2026 YTD.2025 Sales to unaffiliated customers $ 356 $ 367 $ 378 $ 386 $ 1,101 $ 1,141 Intersegment sales 136 151 153 150 440 458 Total net sales 492 518 531 536 1,541 1,599 Costs of sales 409 434 438 429 1,281 1,254 Gross margin 83 84 93 107 260 345 Selling expenses — 1 — — 1 1 General and administrative expenses 25 24 25 25 74 73 Gain on sale of timberlands (58) (71) — — (129) — Other operating costs, net 1 — 1 2 2 1 Operating income and Net contribution to earnings $ 115 $ 130 $ 67 $ 80 $ 312 $ 270 Adjusted Earnings before Interest, Tax, Depreciation, Depletion and Amortization in millions Q1.2026 Q2.2026 Q3.2026 Q3.2025 YTD.2026 YTD.2025 Operating income $ 115 $ 130 $ 67 $ 80 $ 312 $ 270 Depreciation, depletion and amortization 63 64 66 68 193 197 Special items (58) (71) — — (129) — Adjusted EBITDA $ 120 $ 123 $ 133 $ 148 $ 376 $ 467 (1)See definition of Adjusted EBITDA (a non-GAAP measure) on page 1. Segment Special Items Included In Net Contribution to Earnings (Pretax) in millions Q1.2026 Q2.2026 Q3.2026 Q3.2025 YTD.2026 YTD.2025 Gain on sale of timberlands $ (58)$ (71)$ — $ — $ (129)$ — Selected Segment Items in millions Q1.2026 Q2.2026 Q3.2026 Q3.2025 YTD.2026 YTD.2025 Total (increase) decrease in working capital $ (18)$ 85 $ (56)$ (22)$ 11 $ 13 Cash spent for capital expenditures $ (43)$ (24)$ (24)$ (37)$ (91)$ (82) (2)Represents the change in prepaid assets, accounts receivable, accounts payable, accrued liabilities and log inventory for the Timberlands andStrategic Land Solutions segments combined.(3)Does not include cash spent for the acquisition of timberlands. Segment Statistics Q1.2026 Q2.2026 Q3.2026 Q3.2025 YTD.2026 YTD.2025 Third Party Delivered logs: Net Sales West $ 144 $ 171 $ 160 $ 169 $ 475 $ 507 (millions) South 148 145 163 154 456 460 North 14 9 13 13 36 35 Total delivered logs 306 325 336 336 967 1,002 Stumpage and pay-as-cuttimber 10 11 15 22 36 45 Recreational and otherlease revenue 20 20 21 21 61 59 Other revenue 20 11 6 7 37 35 Total $ 356 $ 367 $ 378 $ 386 $ 1,101 $ 1,141 Delivered Logs West $ 106.76 $ 115.27 $ 118.52 $ 110.68 $ 113.57 $ 115.52 Third Party Sales South $ 37.26 $ 38.20 $ 37.67 $ 36.65 $ 37.70 $ 37.15 Realizations (per ton) North $ 70.65 $ 78.31 $ 74.35 $ 72.75 $ 73.69 $ 72.56 Delivered Logs West 1,347 1,487 1,345 1,529 4,179 4,387 Third Party Sales South 3,968 3,812 4,324 4,217 12,104 12,397 Volumes (tons, thousands) North 205 108 180 183 493 480 Fee Harvest Volumes West 2,178 2,245 2,249 2,394 6,672 6,861 (tons, thousands) South 5,915 5,955 6,428 6,431 18,298 18,784 North 278 178 243 262 699 714 (4)Western logs are primarily transacted in MBF but are converted to ton equivalents for external reporting purposes. ~PAGE-BREAK~

