ABSTRACT: Appropriate management of factors that influence forest development is essential to increase yield of forest plantations. The objective of this study was to evaluate the influence of water seasonality, nutritional management, and uniformity on yield of eucalyptus plantations and estimate the potential, attainable, and observed yield of adult eucalyptus stands. We evaluated Eucalyptus clonal stands in six regions of Minas Gerais State, Brazil, in a system of first and second rotation across four age classes using the twin-plots method (TP). In the study, 142 TPs were allocated alongside 142 plots in a continuous forest inventory (CFI) network of a private enterprise. The CFI received operational fertilization and additional fertilization was carried out in the TP. The trees were measured at the beginning of the experiment and at every six months to quantify the production in the wet (PW) and dry (PD) periods of the year. Uniformity of plantations was evaluated using Pvar 50 % and the optimal uniformity index. Potential, attainable, and observed yields were estimated using the average annual increase at seven years of age. The PW showed higher plant yield. There was an effect due to water availability and nutrient level on the yield of the stands. The driest semester of the year produces approximately 30 % of the current annual increase. The stands under the second rotation tend to have less uniformity than the in the first rotation. Potential yield varied depending on rainfall intensity where wetter regions had the highest yield.