Darling Ingredients Reports Strong Q3 2026 Results Driven by Diamond Green Diesel
Darling Ingredients (DAR) reported significant year-over-year growth in its third quarter of 2026, with net sales rising to $1.8 billion from $1.6 billion in the prior year period. Net income saw a massive surge to $267 million ($1.67 per diluted share), compared to just $19.4 million in Q3 2025. This performance was bolstered by strong core business margins and substantial contributions from its Diamond Green Diesel (DGD) joint venture. The company also demonstrated aggressive balance sheet management, reducing net debt by $420 million during the quarter through DGD cash distributions and asset sales. While facing temporary headwinds such as Brazilian tariffs on food ingredients and a short-term hydrogen outage affecting fuel volumes, Darling reaffirmed its full-year 2026 combined adjusted EBITDA guidance of $2.2 billion to $2.3 billion.
Tickers: $DAR
Topics: debt reduction EBITDA guidance net income net sales share repurchases