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Derrick Lee Whitfield

Managing Director and Head of Energy Equity Research at Texas Capital Securities

Derrick Lee Whitfield is a Managing Director and Head of Energy Equity Research at Texas Capital Securities, where he specializes in comprehensive coverage of the U.S. energy sector, focusing on upstream energy, energy-adjacent industries, and agribusiness and biofuels. He analyzes companies such as Chord Energy and Vital Energy, delivering informed investment recommendations that have resulted in a TipRanks success rate of 42.8% and an average annual return of -4.2%. Whitfield began his analyst career at Stifel, later advancing to senior roles before joining Texas Capital Securities in early 2025, where he now leads coverage of 38 energy-related companies. Professionally, he holds FINRA registration (CRD#: 5561306) and is licensed through TCBI Securities, Inc.

Derrick Lee Whitfield's questions to DARLING INGREDIENTS (DAR) leadership

Derrick Lee Whitfield's questions to DARLING INGREDIENTS (DAR) leadership • Q3 2025

Question

Derrick Lee Whitfield asked if DGD could post its best quarter in 2025 during Q4, given better spot margins, and if this would signal a positive development for 2026. He also questioned the extent to which DGD could access the European Renewable Diesel (RD) market if it remains robust, considering spreads, shipping, and tariffs.

Answer

Robert Day (CFO) and Randall Stuewe (CEO) acknowledged the possibility of a strong Q4 for DGD and optimism for 2026, but maintained caution due to policy uncertainty. Robert Day (CFO) also explained that the delay in 2024 RIN enforcement dates has impacted RIN price reactions. Regarding Europe, Robert Day (CFO) stated DGD can access the market but pays a duty, typically over $1.00 per gallon, and sales are made net of these duties compared to other available markets.

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