DARLING INGREDIENTS INC. (DAR) Form 8-K — Oct 28, 2026
Darling Ingredients reported Q3 2026 net income attributable to Darling of $267.0 million, or $1.67 per GAAP diluted share, versus $19.4 million ($0.12) in Q3 2025, on total net sales of $1.8 billion versus $1.6 billion a year ago. Combined Adjusted EBITDA more than doubled to $514.3 million from $244.9 million, driven primarily by a sharp turnaround at the Diamond Green Diesel joint venture, which posted $1.30 EBITDA per gallon on 314.9 million gallons shipped and sent Darling $171.0 million in cash distributions and PTC sales.
Key figures
- Eps
- 1.67
- Revenue
- 1791116000
- Guidance
- Reaffirms FY2026 Combined Adjusted EBITDA guidance of $2.2-$2.3 billion; expects year-end 2026 net debt at or below $3.0 billion and leverage below 1.5X; FY2026 capex ~$450.0 million
- Net Income
- 267000000
- Total Debt
- 3500000000
- Revenue Yoy
- 14.5%
- Cash Position
- 121700000
- Net debt
- $3.37 billion
- Q3 buyback
- $75.9 million
- Ytd buyback
- $149.4 million
- Ytd net sales
- $5.1 billion
- Leverage ratio
- 1.7X (vs 2.9X at 1/3/2026)
- Ytd net income
- $788.6 million ($4.91 diluted EPS)
- Net debt reduction
- ~$420 million
- Dgd ebitda per gallon
- $1.30 Q3 2026
- Revolver availability
- $1.73 billion
- Dgd cash distributions
- $171.0 million ($33.4M dividends + $137.6M PTC sales)
- Dgd gallons shipped q3
- 314.9 million
- Combined adjusted ebitda q3
- $514.3 million (vs $244.9 million Q3 2025)
- Combined adjusted ebitda ytd
- ~$1.7 billion (vs $690.2 million YTD 2025)
AI analysis
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