Darling Ingredients Issues Statement on Third Quarter 2026 Earnings; Guidance for Fiscal Year 2026
DARLING INGREDIENTS INC. (DAR) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 FOR IMMEDIATE RELEASE October 22, 2026 Darling Ingredients Issues Statement on Third Quarter 2026 Earnings; Guidance for Fiscal Year 2026 IRVING, Texas – Darling Ingredients Inc. (NYSE: DAR) today issued the following statement regarding third quarter earnings. Third
How this was made
The 30-second read
Why it matters
The guidance range of $2.2‑$2.3 billion suggests stronger earnings than prior outlook, likely supporting the stock.
Market read
First‑hand guidance from DAR provides fresh material for traders; the positive outlook may drive buying pressure.
What to watch
Potential timing differences in diesel sales could compress fourth‑quarter results despite higher guidance.
Diamond Green Diesel returned to profitability in the third quarter, while Darling Ingredients guided fiscal year 2026 Combined Adjusted EBITDA to $2.2-$2.3 billion.
DGD reported $347,786 (in thousands) of third-quarter operating income and $340,936 (in thousands) of net income, compared with losses in the prior-year period. Management cited sales timing and commercial activities as third-quarter impacts but expects those timing differences to benefit the fourth quarter.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| DGD operating revenues, three months ended September 30GAAP | $2.39B | – | $ 1,189,195 (in thousands) |
| DGD total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense, three months ended September 30GAAP | 1.97B | – | (814,290) (in thousands) |
| DGD lower of cost or market inventory valuation adjustment, three months ended September 30GAAP | — | – | 37,811 (in thousands) |
| DGD depreciation, amortization and accretion expense, three months ended September 30GAAP | 70.29M | – | 5,109 (in thousands) |
| DGD total costs and expenses, three months ended September 30GAAP | 2.05B | – | (771,370) (in thousands) |
| DGD operating income/(loss), three months ended September 30GAAP | 347.8M | – | 417,825 (in thousands) |
| DGD other income, three months ended September 30GAAP | 2.88M | – | 1,260 (in thousands) |
| DGD interest and debt expense, net, three months ended September 30GAAP | −10.59M | – | 1,329 (in thousands) |
| DGD income/(loss) before income tax expense, three months ended September 30GAAP | 340.1M | – | 420,414 (in thousands) |
| DGD income tax expense/(benefit), three months ended September 30GAAP | −862K | – | 1,083 (in thousands) |
| DGD net income/(loss), three months ended September 30GAAP | $340.9M | – | $ 421,497 (in thousands) |
| DGD Adjusted EBITDA, three months ended September 30non-GAAP | 418.1M | – | – |
| DGD discount and broker fees, three months ended September 30non-GAAP | −9.67M | – | – |
| DGD Adjusted EBITDA after Discount and Broker Fees, three months ended September 30non-GAAP | 408.4M | – | – |
| DGD Adjusted EBITDA (Darling's Share), three months ended September 30non-GAAP | $204.2M | – | – |
| DGD renewable fuels sold/shipped, three months ended September 30other | 314.9 million gallons | – | – |
| DGD Adjusted EBITDA per gallon, three months ended September 30non-GAAP | $1.30 | – | – |
| DGD operating revenues, nine months ended September 30GAAP | $6.49B | – | $ 3,287,500 (in thousands) |
| DGD total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense, nine months ended September 30GAAP | 5.07B | – | (1,815,536) (in thousands) |
| DGD lower of cost or market inventory valuation adjustment, nine months ended September 30GAAP | −96.72M | – | (67,718) (in thousands) |
| DGD depreciation, amortization and accretion expense, nine months ended September 30GAAP | 219.2M | – | (14,838) (in thousands) |
| DGD total costs and expenses, nine months ended September 30GAAP | 5.20B | – | (1,898,092) (in thousands) |
| DGD operating income/(loss), nine months ended September 30GAAP | 1.29B | – | 1,389,408 (in thousands) |
| DGD other income, nine months ended September 30GAAP | 8.09M | – | 588 (in thousands) |
| DGD interest and debt expense, net, nine months ended September 30GAAP | −32.49M | – | 1,584 (in thousands) |
| DGD income/(loss) before income tax expense, nine months ended September 30GAAP | 1.27B | – | 1,391,580 (in thousands) |
| DGD income tax expense/(benefit), nine months ended September 30GAAP | −534K | – | 1,899 (in thousands) |
| DGD net income/(loss), nine months ended September 30GAAP | $1.27B | – | $ 1,393,479 (in thousands) |
| DGD Adjusted EBITDA, nine months ended September 30non-GAAP | 1.51B | – | – |
| DGD discount and broker fees, nine months ended September 30non-GAAP | −23.89M | – | – |
| DGD Adjusted EBITDA after Discount and Broker Fees, nine months ended September 30non-GAAP | 1.49B | – | – |
| DGD Adjusted EBITDA (Darling's Share), nine months ended September 30non-GAAP | $744.6M | – | – |
| DGD renewable fuels sold/shipped, nine months ended September 30other | 936.1 million gallons | – | – |
| DGD Adjusted EBITDA per gallon, nine months ended September 30non-GAAP | $1.59 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Diamond Green Diesel joint venture, three months ended September 30Results were impacted by the timing of renewable diesel sales and certain commercial activities. | $2.39B | – | $ 1,189,195 (in thousands) |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
fiscal year 2026 outlook
- NoteCombined Adjusted EBITDA: $2.2-$2.3 billion
What drove it
- The JV partner reported that its renewable diesel segment earned approximately $350 million in operating income for the three months ended Sept. 30, 2026.
- DGD sold/shipped 314.9 million gallons of renewable fuels in the three months ended Sept. 30, 2026.
- Management cited strong business fundamentals and a favorable run rate entering the fourth quarter.
- DGD has capacity to produce more than 1.2 billion gallons annually.
Concerns
- Third-quarter results were impacted by the timing of renewable diesel sales and certain commercial activities.
- Management identified volatile commodity prices, foreign currency exchange fluctuations, depreciation and amortization, and the provision for income taxes as items that cannot be reasonably predicted for a forward-looking Combined Adjusted EBITDA reconciliation.
- The filing identifies risks including reduced demand or prices for biofuels, changes to renewable-fuel and greenhouse-gas policies, feedstock availability, and DGD operating disruptions or declining product margins.
What to watch
- Whether timing differences in renewable diesel sales and commercial activities benefit fourth-quarter results as management expects.
- DGD renewable-fuels volumes and Adjusted EBITDA per gallon in the fourth quarter.
- Progress toward fiscal year 2026 Combined Adjusted EBITDA guidance of $2.2-$2.3 billion.
- The company plans to release third quarter 2026 financial results after market on Wednesday, Oct. 28, 2026, and host a conference call on Thursday, Oct. 29, 2026.
Analysis
This filing is a pre-results statement centered on the Diamond Green Diesel joint venture rather than Darling Ingredients' consolidated third-quarter financial results. DGD reported third-quarter operating revenues of $ 2,392,927 (in thousands), operating income of 347,786 (in thousands), and net income of $ 340,936 (in thousands). The prior-year third quarter included operating income/(loss) of (70,039) (in thousands) and net income/(loss) of $ (80,561) (in thousands), producing a marked reported improvement in DGD profitability.
Management, verbatim
Diamond Green Diesel delivered a solid quarter. While results were impacted by the timing of renewable diesel sales and certain commercial activities, we expect those timing differences to benefit fourth-quarter results.
Randall C. Stuewe, Chairman and Chief Executive Officer
The fundamentals of our core business remain strong, and we remain focused on delivering on our objectives for the year. We have strong momentum into fourth quarter and expect that to continue into 2027.
Randall C. Stuewe, Chairman and Chief Executive Officer
Not in the filing
stated, not guessed- Darling Ingredients consolidated third-quarter revenue
- Darling Ingredients consolidated segment revenue
- Darling Ingredients consolidated gross profit or gross margin
- Darling Ingredients consolidated operating income
- Darling Ingredients consolidated net income
- Darling Ingredients consolidated GAAP EPS
- Darling Ingredients consolidated non-GAAP EPS
- Darling Ingredients consolidated Adjusted EBITDA
- Darling Ingredients operating cash flow
- Darling Ingredients free cash flow
- Darling Ingredients cash balance
- Darling Ingredients debt balance
- Darling Ingredients share repurchases
- Darling Ingredients dividends
- Prior fiscal year 2026 guidance for comparison
- Prior-year DGD renewable fuels sold/shipped volumes
- Prior-year DGD Adjusted EBITDA per gallon
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Darling Ingredients filed an 8‑K reporting Q3 2026 results and FY 2026 guidance.
Ticker impact
issued guidance for FY 2026 of $2.2-$2.3 billion
likely upside as investors price in issued earnings outlook
The new FY guidance signals higher profitability, prompting buying interest.
Market effects
Renewable diesel and sustainable aviation fuel segment may see increased investor focus.
U.S. industrial and energy markets could benefit from stronger renewable fuel outlook.
Positive guidance from a major renewable diesel producer may lift related commodities sentiment.
Counterpoint
If the guidance is already priced in, the stock may face limited upside.
Key entities
- companyDarling Ingredients Inc.
Producer of renewable diesel and sustainable aviation fuel.
- companyValero Energy Corporation
Joint‑venture partner in Diamond Green Diesel.
