Darling Ingredients Q1 sales beat estimates on renewable fuel strength

Darling Ingredients

30/04/2026 11:47

Overview

U.S. ingredient processor's Q1 sales rose, beating analyst expectations

Net income rebounded to $134.3 mln from a loss a year earlier

Company credited improved results to risk management and better Diamond Green Diesel performance

Outlook

Company estimates Q2 2026 core ingredients Adjusted EBITDA at $260-275 mln

Darling Ingredients expects 2026 capital expenditures of about $400 mln

Result Drivers

DGD PERFORMANCE - Higher renewable fuel sales and a favorable inventory valuation adjustment at Diamond Green Diesel boosted results

RISK MANAGEMENT - Disciplined risk management and market execution improved core and DGD results, per CEO Randall Stuewe

TAX CREDIT SALES - Monetization of $45 mln in production tax credits improved cash generation

Company press release: ID:nBwcgSYwYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.60 bln
$1.55 bln (12 Analysts)
Q1 EPS
$0.83
Q1 Net Income
$134.30 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Darling Ingredients Inc is $72.00, about 14.6% above its April 29 closing price of $62.80

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)