Darling Ingredients (DAR)
NYSE:DAR
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.2Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects a clear positive operational and financial inflection: material year-over-year EBITDA and sales growth, margin expansion, return to net profitability, strong DGD performance, and constructive policy (RVO) tailwinds. Headwinds include one-time accounting benefits at DGD ($97M LCM), higher net debt and leverage versus prior quarter, commodity/hedge accounting timing risks, and some sequential variability in core ingredients. Management reiterated focus on deleveraging toward a ~$3B debt target and maintained conservative guidance for core ingredients while noting strong momentum into Q2.Company Guidance
Strong Consolidated EBITDA and Margin Expansion
Combined adjusted EBITDA of $406.8M in Q1 2026, up ~107.6% year-over-year (Q1 2025: $196M) and up ~21.1% sequentially (Q4 2025: $336M). Consolidated gross margin improved to 26.1% from 22.6% a year ago (+3.5 percentage points) and from 25.1% last quarter (+1.0 pp).
Core Ingredients Business Performance
Core ingredients (non-DGD) EBITDA of ~$256M, up ~34.7% year-over-year (Q1 2025: $190M). Company set Q2 core ingredients EBITDA guidance of $260M–$275M.
Feed Ingredients Momentum
Feed segment EBITDA of $169M vs $111M a year ago (+~52.3%). Feed sales $985M vs $896M (+~9.9%). Feed gross margin improved to 25.3% from 20.3% year-over-year (+5.0 pp) and from 24.6% sequentially (+0.7 pp). Raw material volumes broadly stable.
Food Segment Growth and Product Momentum
Food sales increased to $405M from $349M (+~16.0%). Food EBITDA rose to $81M from $71M (+~14.1%). Notable demand acceleration in collagen globally (Europe and Asia) and Nextida glucose-control product pending patents in the U.S.
Diamond Green Diesel (DGD) Strong Quarter
Darling's share of DGD EBITDA was $151.2M with sales ~272 million gallons and an average DGD EBITDA of ~$1.11 per gallon. Combined Fuel segment EBITDA (including DGD) ~ $180M vs $24M in Q1 2025 (large year-over-year improvement).
Profitability, Cash and Liquidity
Net income of ~$134M, $0.83 per diluted share, vs a net loss of $26M ($-0.16) in Q1 2025 (material swing to profitability). Total net sales ~$1.6B vs $1.4B (+~14.3%). Ended quarter with ~$1.1B available on the revolving credit facility.
Operational Execution and Strategic Wins
Management highlighted operational excellence, improved throughput and commercial agility (pivoting sales to higher-priced markets). Signed agreement to sell majority of grease-trap environmental service assets (pending permits) and progressing asset sales of non‑strategic businesses.
Regulatory/RVO Tailwind
Finalization of the renewable volume obligation (RVO) described as 'extremely constructive' — management is seeing favorable movement on fat prices and expects RVO-driven demand to be a tailwind for Feed and DGD volumes/margins through 2026.
DAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $62.80 | $64.23 | +2.28% |
Feb 11, 2026 | $49.62 | $50.31 | +1.39% |
Oct 23, 2025 | $31.12 | $34.67 | +11.41% |
Jul 24, 2025 | $36.86 | $35.19 | -4.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Darling Ingredients (DAR) report earnings?
Darling Ingredients (DAR) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Darling Ingredients (DAR) earnings time?
Darling Ingredients (DAR) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is DAR EPS forecast?
DAR EPS forecast for the fiscal quarter 2026 (Q2) is 1.2.