The safety of water quantity and quality caused by large-scale blackwater in reservoirs with Eucalyptus plantation is currently a point of great interest. Eucalyptus is largely planted in southern China, especially in Nanning, Guangxi, where more than 90% of the drinking water source reservoirs are surrounded by Eucalyptus, and different degrees of blackwater often occur in many reservoirs. Recent research has demonstrated that reservoir sediments play an important role in the migration and transformation of Fe2+, Mn2+, S2-, and dissolved organic carbon (DOC) in the overlying water. It is of great significance to explore the distribution characteristics and migration rules of pollutants in the sediment-water interface to reveal the mechanism of blackwater in reservoirs. Experiments were carried out three times in a typical blackwater reservoir (Tianbao Reservoir) in southern China from July to December 2018. The distribution characteristics and seasonal variations of iron, manganese, sulfide, and organic matter in sediments were analyzed, focusing mainly on the profile distribution and migration direction of Fe2+, Mn2+, S2- and DOC in pore water during blackwater periods. The results showed that:① The content of iron and manganese in sediments of reservoirs with Eucalyptus plantation is high, far exceeding the background value of soil content in China. The content of iron, manganese, and total organic carbon (TOC) in the surface sediments increases simultaneously, mainly caused by the input and settlement of the material (litter, decomposed liquids. and soil particles) in the Eucalyptus forest around the reservoir. ② The concentration of Fe2+(16.99 mg·L-1) and the content of DOC (36.80%) in pore water during the blackwater period are significantly higher than those in Taihu Lake during the black bloom (12.15 mg·L-1, 10.78%). The mean concentrations of Fe2+ and Mn2+ are more than 300 times higher than that of S2-, and the reduction conditions in the sediments are dominated by iron and manganese oxides. ③ The diffusion flux of Fe2+ is 27.4-33.5 mg·(m2·d)-1, which is 32.6, 4.9, and 30.8 times higher than those of Taihu Lake, Aha Reservoir, and Hongfeng Lake, respectively. This implies strong Fe2+ release ability from sediments to the overlying water. As a positive correction exists between Fe2+ and DOC, the complex reaction between Fe2+ and organic matter is one of the most important causes of blackwater in reservoirs with Eucalyptus plantation.