DGD Joint Venture Posts $350M Quarterly Operating Income; Darling Guides FY26 EBITDA to $2.2-$2.3B
DAR sits 96% above its 52-week low of $30.39.
Summary
Darling's 50/50 Diamond Green Diesel joint venture earned roughly $350 million in operating income for the September quarter, with DGD Adjusted EBITDA of $418.1 million versus just $5.4 million a year ago. Darling's 50% share of that EBITDA was $204.2 million, and DGD sold 314.9 million gallons at $1.30 of Adjusted EBITDA per gallon. Management flagged that results were trimmed by the timing of renewable diesel sales and certain commercial activities, and expects those timing differences to benefit the fourth quarter. The company guided fiscal 2026 Combined Adjusted EBITDA to $2.2-$2.3 billion, citing a favorable run rate entering Q4 and momentum carrying into 2027. This follows the Q2 blowout ($387.3 million net income, $350 million DGD contribution) and the $1 billion buyback authorized in August. Q3 results land after market on Oct. 28, with the call on Oct. 29, and the revenue estimate is 1.79B USD.
Updates
· SEC 8-K — DGD's nine-month 2026 operating income was about $1.3 billion on 936.1 million gallons sold, with DGD Adjusted EBITDA per gallon of $1.59.
At the time of this announcement, DAR was trading at $59.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.3B. The 52-week trading range was $30.39 to $69.98. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.