Earnings summaries and quarterly performance for DARLING INGREDIENTS.
Executive leadership at DARLING INGREDIENTS.
Randall Stuewe
Detailed
Chief Executive Officer
CEO
BL
Brandon Lairmore
Detailed
Executive Vice President – Darling U.S. Rendering Operations
CP
Carlos Paz
Detailed
Executive Vice President – Global Risk Management, Ingredients
Jv
Jan van der Velden
Detailed
Executive Vice President – International Rendering and Specialties
JC
Jeroen Colpaert
Detailed
Executive Vice President – Rousselot
JS
John Sterling
Detailed
Executive Vice President – General Counsel and Secretary
NK
Nick Kemphaus
Detailed
Executive Vice President – General Counsel and Secretary (effective January 4, 2026)
PM
Patrick McNutt
Detailed
Executive Vice President – Chief Administrative Officer
RD
Robert Day
Detailed
Chief Financial Officer
SD
Sandra Dudley
Detailed
Executive Vice President – Renewables and Chief Strategy Officer
Board of directors at DARLING INGREDIENTS.
Research analysts who have asked questions during DARLING INGREDIENTS earnings calls.
HJ
Heather Jones
Heather Jones Research
8 questions for DAR
Also covers: ADM, BG, CALM +6 more
MG
Manav Gupta
UBS Group
8 questions for DAR
Also covers: ADM, AMTX, BE +37 more
Matthew Blair
Tudor, Pickering, Holt & Co.
8 questions for DAR
Also covers: AMTX, BG, CE +21 more
Andrew Strelzik
BMO Capital Markets
6 questions for DAR
Also covers: ADM, BG, BLMN +17 more
Betty Zhang
Scotiabank
6 questions for DAR
Also covers: CLNE, OPAL, XOM
JG
Jason Gabelman
TD Cowen
6 questions for DAR
Also covers: BP, CLMT, CLNE +21 more
PS
Pooran Sharma
Stephens Inc.
6 questions for DAR
Also covers: ADM, ANDE, AVO +12 more
TP
Thomas Palmer
Citigroup Inc.
6 questions for DAR
Also covers: ADM, BG, BRBR +14 more
DW
Derrick Whitfield
Texas Capital
5 questions for DAR
Also covers: AMTX, ARIS, BG +24 more
Dushyant Ailani
Jefferies
5 questions for DAR
Also covers: ADM, BE, BLDP +5 more
BK
Ben Kallo
Robert W. Baird & Co.
4 questions for DAR
Also covers: ALB, AMRC, ARRY +17 more
RM
Ryan M. Todd
Piper Sandler & Co.
4 questions for DAR
Also covers: COP, DINO
Dushyant Ajit Ailani
Jefferies LLC
3 questions for DAR
RT
Ryan Todd
Simmons Energy
3 questions for DAR
Also covers: BP, COP, CVX +9 more
Ben Mayhew
BMO
2 questions for DAR
Also covers: ANDE, JBS, JBSAY
CF
Connor Fitzpatrick
Bank of America
2 questions for DAR
Also covers: PBF
Conor Fitzpatrick
Bank of America Merrill Lynch
2 questions for DAR
Also covers: CLMT, MPC, PBF
JD
Jason Daniel Gabelman
TD Securities
2 questions for DAR
Also covers: VLO
BK
Benjamin Kallo
Robert W. Baird & Co.
1 question for DAR
Also covers: MP, NXT, QS
BS
Brian Sharma
Stephens Inc.
1 question for DAR
Davis Sunderland
Baird
1 question for DAR
Also covers: BE, CWT, HASI +4 more
DL
Derrick Lee Whitfield
Texas Capital Securities
1 question for DAR
JR
John Royall
JPMorgan Chase & Co.
1 question for DAR
Also covers: CASY, CNQ, CVE +13 more
PC
Paul Cheng
Scotiabank
1 question for DAR
Also covers: APA, BP, CLNE +21 more
Recent press releases and 8-K filings for DAR.
Darling Ingredients Discusses DGD Outlook, Core Business Growth, and Debt Reduction Plans
DAR
Guidance Update
New Projects/Investments
- Darling Ingredients anticipates a positive and constructive margin environment for its Diamond Green Diesel (DGD) business in 2026 and 2027, driven by an expected finalization of the Renewable Volume Obligation (RVO) by the end of March, which is reportedly substantially higher than 2025.
- The company provided Q1 EBITDA guidance for its core business (excluding DGD) of $240 million-$250 million, noting that Q4 EBITDA was $277 million but included an extra week.
- Darling Ingredients is prioritizing debt reduction in 2026, aiming to lower net debt from its current $3.8 billion to below $3 billion, after which it will consider a dividend program or stock buybacks.
- The food segment, particularly its collagen and gelatin business (Rousselot), is a key growth area, with expectations to double its EBITDA over the next 3 to 5 years through products like Nextida GC for glucose control.
Mar 2, 2026, 4:00 PM
Darling Ingredients Outlines 2026 Debt Reduction Goal and Positive Outlook for DGD and Core Business
DAR
Guidance Update
Debt Issuance
New Projects/Investments
- Darling Ingredients plans to reduce its net debt from approximately $3.8 billion to below $3 billion in 2026, after which it will evaluate potential dividends or stock buybacks.
- The Diamond Green Diesel (DGD) joint venture, which has generated $6.5 billion-$7 billion of cash for Darling over 12 years, anticipates a favorable margin environment in 2026 and 2027 driven by expected higher mandated volumes for U.S.-produced biofuels.
- The company provided Q1 (implied 2026) core business EBITDA guidance (excluding DGD) of $240 million-$250 million, with Q2 (implied 2026) expected to be materially better due to recent sharp rallies in fat prices.
- Darling's food segment, encompassing collagen and gelatin products, is projected to double its EBITDA over the next three to five years, supported by new product launches like Nextida GC.
Mar 2, 2026, 4:00 PM
Darling Ingredients Discusses Q1 2026 Outlook, Debt Reduction, and Growth in Food Segment
DAR
Guidance Update
Debt Issuance
New Projects/Investments
- Darling Ingredients (DAR) provided Q1 2026 EBITDA guidance for its core business (excluding Diamond Green Diesel) of $240 million-$250 million.
- The company anticipates a finalized Renewable Volume Obligation (RVO) by the end of March 2026, which is expected to include substantially higher mandated volumes for advanced biofuels, leading to a very positive margin environment for its Diamond Green Diesel (DGD) joint venture in 2026 and 2027. DGD's system capacity is approximately 1 billion to 1.1 billion gallons, with Q1 2026 production pegged at 260 million gallons due to a turnaround.
- Darling's capital allocation strategy for 2026 is focused on debt reduction, aiming to lower net debt from $3.8 billion to below $3 billion.
- The food segment, driven by its collagen and gelatin business (Rousselot), is a key growth area, with new specialty peptides like Nextida GC having the potential to double the food segment's EBITDA over the next 3 to 5 years.
Mar 2, 2026, 4:00 PM
Darling Ingredients Reports Strong Q4 2025 Results and Strategic Acquisitions
DAR
Earnings
M&A
Guidance Update
- Darling Ingredients reported combined adjusted EBITDA of $336.1 million for Q4 2025 and $922 million for core ingredients EBITDA for the full year 2025, with total net sales of $1.7 billion in Q4 2025.
- The company announced the strategic acquisition of three rendering facilities from the Potencei Group in Brazil for approximately $120 million, expected to close later in Q1 2026.
- Darling significantly improved its financial position, with total debt net of cash at $3.8 billion and a bank covenant preliminary leverage ratio of 2.9 times at year-end 2025, down from 3.9 times at year-end 2024.
- For Q1 2026, the company anticipates core business EBITDA (excluding DGD) to be between $240 million and $250 million, and maintains an optimistic outlook for 2026, expecting improved performance throughout the year.
Feb 12, 2026, 2:00 PM
Darling Ingredients Reports Strong Q4 2025 Results and Provides Q1 2026 Outlook
DAR
Earnings
Guidance Update
M&A
- Darling Ingredients reported strong Q4 2025 financial results, with combined adjusted EBITDA of $336.1 million and core ingredients EBITDA of $278.2 million, demonstrating significant improvement year-over-year and sequentially.
- The company meaningfully improved its debt leverage, reaching 2.9 times at year-end 2025, down from 3.9 times at year-end 2024, with total debt net of cash at $3.8 billion as of January 3, 2026.
- Diamond Green Diesel (DGD) delivered its strongest quarter of the year with $57.9 million of EBITDA in Q4 2025, contributing to a full-year 2025 DGD EBITDA of $103.7 million. The company expresses optimism for 2026 due to an improving policy backdrop.
- For Q1 2026, Darling Ingredients estimates core ingredients adjusted EBITDA to be in the range of $240 million to $250 million, and DGD is expected to produce about 260 million gallons.
- Strategic actions include an advancing joint venture with PB Leiner and Tessenderlo, the acquisition of three assets in Brazil for approximately $120 million, and potential asset sales aimed at sharpening the company's portfolio.
Feb 12, 2026, 2:00 PM
Darling Ingredients Reports Strong Q4 and Full-Year 2025 Results with Improved Leverage
DAR
Earnings
M&A
Guidance Update
- Darling Ingredients reported strong Q4 2025 financial results, with combined adjusted EBITDA of $336.1 million and total net sales of $1.7 billion. For the full year 2025, core ingredients EBITDA reached $922 million.
- The company significantly improved its debt leverage to 2.9 times at year-end 2025, down from 3.9 times in 2024, and ended the year with approximately $1.3 billion available on its revolving credit facility.
- The Diamond Green Diesel (DGD) segment delivered its strongest quarter of the year in Q4 2025 with $57.9 million in EBITDA, contributing $103.7 million in EBITDA for the full year 2025 from approximately 1 billion gallons sold.
- Darling Ingredients is acquiring three rendering facilities in Brazil for approximately $120 million, expected to close in Q1 2026, and is advancing its joint venture for global collagen and gelatin demand.
- The company recorded $58 million in restructuring and impairment charges in Q4 2025 and is evaluating potential asset sales, while expressing an optimistic outlook for 2026 driven by positive global demand trends and a favorable renewable fuels policy backdrop.
Feb 12, 2026, 2:00 PM
Darling Ingredients Announces Q4 and Full-Year 2025 Financial Results
DAR
Earnings
New Projects/Investments
- Darling Ingredients (DAR) reported a significant increase in Q4 2025 Total Net Sales by 20.6% to $1,709.8 million and Combined Adjusted EBITDA by 16.1% to $336.1 million, but Net Income decreased by 44.2% to $56.9 million and Diluted EPS fell by 44.4% to $0.35 compared to Q4 2024.
- For the full year 2025, Total Net Sales grew by 7.4% to $6,135.9 million, however, Net Income and Diluted EPS both declined by 77.5% to $62.8 million and $0.39 respectively, primarily impacted by $58 million in restructuring and asset impairment charges related to portfolio realignment in Q4 2025.
- The company's balance sheet showed improvement with the preliminary leverage ratio decreasing to 2.90X as of January 3, 2026, from 3.93X at December 28, 2024, alongside net debt of $3,849 million.
Feb 12, 2026, 2:00 PM
Darling Ingredients Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
DAR
Earnings
Guidance Update
New Projects/Investments
- Darling Ingredients Inc. reported net income of $56.9 million and total net sales of $1.7 billion for the fourth quarter of 2025, with Combined Adjusted EBITDA reaching $336.1 million.
- For fiscal year 2025, the company reported net income of $62.8 million, total net sales of $6.1 billion, and Combined Adjusted EBITDA of $1.03 billion.
- The company strategically realigned its portfolio of businesses in Q4 2025, resulting in restructuring and asset impairment charges of $58.0 million.
- Darling Ingredients monetized $255 million of $285 million in Production Tax Credit sales during fiscal year 2025, enhancing cash generation, and its bank leverage ratio declined to 2.90X as of January 3, 2026.
- For the first quarter of 2026, the company estimates core ingredients business adjusted EBITDA to be approximately $240-$250 million.
Feb 11, 2026, 9:55 PM
Darling Ingredients Inc. Reports Fourth Quarter and Fiscal Year 2025 Results
DAR
Earnings
Guidance Update
- Darling Ingredients Inc. reported net income of $56.9 million and total net sales of $1.7 billion for the fourth quarter of 2025, compared to $101.9 million and $1.4 billion, respectively, for the fourth quarter of 2024.
- For fiscal year 2025, the company achieved total net sales of $6.1 billion and Combined Adjusted EBITDA of $1.03 billion, compared to $5.7 billion and $1.08 billion, respectively, for fiscal year 2024.
- The company monetized $255 million of Production Tax Credit sales and reduced its bank leverage ratio to 2.90X as of January 3, 2026, demonstrating a commitment to deleveraging.
- Darling Ingredients estimates its core ingredients business adjusted EBITDA for Q1 2026 to be approximately $240-$250 million.
Feb 11, 2026, 9:45 PM
Darling Ingredients Issues Statement on Q4 and FY 2025 Diamond Green Diesel Earnings
DAR
Earnings
Guidance Update
- Darling Ingredients Inc. announced that its 50/50 joint venture, Diamond Green Diesel (DGD), reported a net income of $55 million for the three months ended December 31, 2025.
- For the full fiscal year ended December 31, 2025, DGD incurred a net loss of ($68) million.
- Darling Ingredients' share of DGD Adjusted EBITDA was $58 million or $0.41 per gallon for Q4 2025, and $104 million or $0.21 per gallon for the full fiscal year 2025.
- The company anticipates ending the year with solid improvement over its prior outlook, noting that both DGD and the core ingredients business performance strengthened sequentially in the fourth quarter.
- Darling Ingredients will release its full fourth quarter and fiscal year 2025 financial results on February 11, 2026, and will host a conference call on February 12, 2026.
Jan 29, 2026, 1:16 PM
Quarterly earnings call transcripts for DARLING INGREDIENTS.
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