Darling Ingredients Inc. Q1 2026 Earnings Release

Darling Ingredients Inc. reported a significant turnaround in its financial performance for the first quarter of 2026. The company announced a net income of $134.3 million, or $0.83 per diluted share, a substantial improvement from a net loss of $26.2 million, or $(0.16) per diluted share, in the first quarter of 2025. Total net sales increased to $1.6 billion from $1.4 billion in the prior year's quarter. Combined Adjusted EBITDA more than doubled, reaching $406.8 million compared to $195.8 million in Q1 2025. The company also benefited from monetizing $45.0 million of Production Tax Credit sales. Darling Ingredients highlights strong performance across its core business and the Diamond Green Diesel (DGD) segment, attributing the success to disciplined risk management and market execution. The company is providing financial guidance exclusively for its core ingredients business going forward. As of April 4, 2026, the company had $116.0 million in cash and cash equivalents and $1.1 billion available under its revolving credit facility, with total debt at $4.1 billion. Capital expenditures for Q1 2026 were $94.8 million, with an estimated full-year 2026 capital expenditure of $400.0 million.