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Turning temporarily with fourth In Western January market. supply the log through now Starting earnings to domestic adjusted in to of quarter the to prior Adjusted EBITDA earnings. Timberlands begin results. $XXX West, first which the increased weather and EBITDA slides. to the $XX quarter. quarter X contributed quarter. million our the Pages on was our with impacted Timberlands region. comparable compared I'll by $X demand million, million Adverse first across X business was conditions
mill to availability weather Oregon increased added in the conditions supply log progressed, curtailments in log the As system the also as improved. in recent primarily region. Several quarter
market Despite healthy balanced lumber remained pricing. log demand this to and improvements in dynamic, due the fairly
sales our of our a comparable logs was in largely decreased our That quarter. said, for the mix. average grade result, by lower a to percentage fourth realizations pricing domestic slightly, As logs driven
domestic moderately sales to were our as quarter, were strategically log the shifted significantly customers. lower. and significantly higher and costs higher we unit volumes For volumes were domestic per harvest logs Fee haul
elevation As seasonal we made lower-cost to harvest and transition operations. the lower
costs Forestry seasonally road and were lower.
our to our stable the Japan our remained Despite customers steady ongoing in demand quarter. first markets Log headwinds, were export in consumption Moving European logs volumes competing lower benefited business. imports. lumber Western for as of from
average sales to our result, Japan fourth for the a volumes to As were export realizations quarter. comparable
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log progressed. takeaway as improved quarter the However,
domestic sales demand the steady logs, in the China flexed into quarter log Despite market. intentionally sales lower for to we were first as volumes our our significantly
sales slightly the average Our quarter. realizations fourth to higher compared were
to the the Adjusted to for fourth Timberlands quarter. South. $X Southern compared Turning EBITDA million decreased by
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to road and realizations and comparable costs these were our were lower. costs the were sales average haul Per also comparable Given and log forestry quarter. dynamics, seasonally unit fourth
conditions. volumes sales driven compared the largely quarter, in Fee the harvest the first EBITDA spring to realizations breakup harvest decreased million by fee increased moderately. adjusted the were early volumes $X fourth in onset increased lower the moderately Our slightly quarter. In as of North, by quarter first
million quarter adjusted earnings Estate, and to Pages Real Turning Resources to EBITDA. and Real XX. and Natural to contributed XX $XX million our Energy estate ENR $XX on and first
due decreased fourth levels. higher increase sold. in to fourth price an real of estate per the million $XX quarter acre quarter mix was sold historical EBITDA Average to but primarily remained compared acres elevated to to quarter than First the attributable properties the compared
We continue for premiums to with properties, HBU benefit timber significant high-value value. transactions in resulting from demand solid to
an Now pursue for Solutions and exploratory projects with carbon some agreement comments February, announced business. sites across capture the we to Lapis our Natural Energy on sequestration in Climate X In potential U.S.
over represents opportunity offerings. timber our remain South. to X CCS scale entered intend enter years. The projects we've our focused the To agreement to And agreements few and to sites new into covering additional we developing across a X CCS into on unique Southern date, up next agreements holdings.
forest to carbon. Turning
approved On the Maine, in first projects U.S. we're heels of X project our the advancing in
these projects be later intend over credits year. generate completed sell market. XXX,XXX to expected to XXXX South this credits voluntary in we these X into to that are are the Combined, expected and
projects the in strong Looking to forward, for high-quality pipeline additional have demand and see continue development several we credits.
make solar. business we're a I'll few on the a energy focus on on Lastly, making renewable specific comments progress with our
portfolio Given unmatched our in the U.S.
for to utilities. South, recently have uniquely Mississippi, increases. large-scale built solar portfolio expected states. more for outstanding of XX we development base sizable and agreements experienced solar demand in with XX agreements to late projects of over stages across to development be signed signed we've In projects been XXX,XXX meaningful potential Georgia and year. selective operational and have projects choosing developers are the this covering one in with land several we positioned and very Notably, total, than as in these agreements across We've an our drive successful acres value and counterparties later currently
to to demand sign Looking strong several see develop next agreements forward, additional we we continues as and over the to expect market this continue years.
million EBITDA Wood $XXX from the Adjusted XX% a lumber. increase Products XX earnings. million, Pages was with fourth Moving quarter. Starting to to Wood Products contributed $XXX XX. on quarter first through
quarter. EBITDA first improved the cautious First lumber market by conditions outset weighed quarter, a in realizations. quarter fourth January sales a $XX Adverse million but driven in sentiment was and loss compared the the increase slight $X to million on adjusted buyer by largely at weather of the
signals mid-March. finished In markets progressed, through and improvements supply lumber modest particularly southern the ample quarter, persistent and This during challenges, a products. headwinds demand demand moderation contrast, quarter weather-related the SPF in of drove improved fir faced Western pricing for given species. slightly, As Douglas
the sales average X% framing the increased realizations composite. with to largely quarter, For lumber line in by fourth our compared the quarter,
Our early Unit lower. weather EBITDA adjusted by stable product fourth primarily compared in increase demand the construction home and through largely sales from an pricing. decreased for slightly driven was resilient winter in due driven OSB but supply by to slightly This February, OSB volumes improvement limitations costs relatively March. by disruptions inventories, million new log pricing significantly increased $XX lean Benchmark in quarter. quarter, were slightly, activity. was increased manufacturing to the partially and costs increased
by As compared realizations OSB fourth quarter, to our while increased sales a result, average average pricing by increased the composite XX%. X% the
This to extended files, relative our in difference largely due result lag a order realizations. which effect OSB was for
quarter improved. $XX sales higher Our markets. manufacturing to in the decrease certain slightly first in costs volumes Primarily quarter. million a engineered the realizations and costs unit fourth compared sales for in were slightly higher. took effect were decreased determined price Fiber previously adjustments EBITDA products to by due Adjusted production and wood as average
most context in unit our regarding QX. section sales products quarter, lower. products I-joist comparable wood for manufacturing of first products were while engineered things in for the A costs Our increased fourth quarter. solid volumes and to Both noting the for couple material raw were volumes worth
said, experienced we typical the And customers the remained all the into volumes after somewhat being season. spring EWP First, resilient, the been activity for as we first from get single-family XXXX. single-family the slightly segment construction demand Also, pattern seasonal most of expect last the building did demand EWP we ship quarter entering to higher we healthy inventories in quarter. That year. further in customer in while on new having were year allocation fourth of consequently, elevated
distribution, As a higher adjusted anticipate the our compared commodity result, margins. by second business and by largely realizations million improvement realizations $X quarter. sales to volumes driven EBITDA the stable quarter increased EWP in and in we fourth sales an from In
and to financial turn second to quarter I'll discuss over outlook. that, the With Davie some call items our
