Darling Reports Strong Third Quarter Results Driven by Debt Reduction and Renewable Fuel Cash Flow
Darling reported robust third-quarter 2026 financial results, highlighted by a combined adjusted EBITDA of $514 million. The company successfully utilized cash generation from its renewable fuel operations to reduce net debt by $420 million and execute $76 million in share repurchases during the quarter. Management noted that while third-quarter earnings for the Diamond Green Diesel joint venture were temporarily impacted by GAAP accounting rules and hedging disconnects, they expect margins to align more closely with spot market conditions in the fourth quarter. Looking forward, Darling expects growth driven by stable demand in its core ingredients business and rising biofuel blending mandates.
Tickers: $DAR
Topics: Cash Flow Debt Reduction EBITDA Renewable Fuel Share Repurchases