DAR

EX-99.1

2 exh991-pressreleaseq32026.htm

EX-99.1 PRESS RELEASE

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 28, 2026

Darling Ingredients Inc. Reports Third Quarter 2026 Results

•Net income attributable to Darling of $267.0 million, or $1.67 per GAAP diluted share, compared to net income attributable to Darling of $19.4 million, or $0.12 per GAAP diluted share for the third quarter 2025

•Total net sales were $1.8 billion, compared to $1.6 billion for third quarter 2025

•Combined Adjusted EBITDA was $514.3 million, compared to $244.9 million for third quarter 2025

•Received $171.0 million in cash distributions from Diamond Green Diesel (DGD)

•Reduced net debt by approximately $420 million

•Repurchased $75.9 million in common stock in third quarter

IRVING, TEXAS - Darling Ingredients Inc. (NYSE: DAR) today reported net income attributable to Darling of $267.0 million or $1.67 per GAAP diluted share for the third quarter of 2026, compared to net income attributable to Darling of $19.4 million, or $0.12 per GAAP diluted share, for the third quarter of 2025. The company also reported total net sales of $1.8 billion for the third quarter of 2026, compared with total net sales of $1.6 billion for the same period a year ago.

“Our core business delivered another quarter of exceptional performance, demonstrating its resilience and strong cash flow generation,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “This financial strength, bolstered by substantial cash from Diamond Green Diesel, enabled us to realize a $420 million reduction in net debt and return capital to our shareholders. With a strong balance sheet and a great outlook, the momentum is undeniable as we position the company for a successful 2027.”

For the nine months ended Oct. 3, 2026, the company reported net income attributable to Darling of $788.6 million, or $4.91 per GAAP diluted share, compared to a net income attributable to Darling of $5.9 million, or $0.04 per GAAP diluted share for the same period a year ago. Net sales for the first nine months of 2026 were $5.1 billion, compared to $4.4 billion for the same period in 2025.

In the three months ended Sept. 30, 2026, DGD sold/shipped 314.9 million gallons of renewable fuels. For the nine months ended Sept. 30, 2026, DGD sold/shipped 936.1 million gallons of renewable fuels. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the three months ended Sept. 30, 2026, was $1.30. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the nine months ended Sept. 30, 2026, was $1.59. The company received approximately $33.4 million in dividends and approximately $137.6 million from Production Tax Credit sales from DGD in the third quarter.

Combined Adjusted EBITDA for the third quarter of 2026 was $514.3 million, compared to $244.9 million for the same period in 2025. For the first nine months ending Oct. 3, 2026, combined adjusted EBITDA was approximately $1.7 billion, compared to $690.2 million for the same period in 2025.

As of October 3, 2026, Darling Ingredients had $121.7 million in cash and cash equivalents, and $1.7 billion available under its committed revolving credit agreement. Total debt outstanding as of Oct. 3, 2026, was $3.5 billion. The preliminary leverage ratio as measured by the company’s bank covenant was 1.7X as of Oct. 3, 2026. During the quarter, the company repurchased $75.9 million of its common stock, bringing its repurchases through the third quarter to $149.4 million. Capital expenditures were approximately $343.5 million year-to-date 2026. The company estimates capital expenditures to be approximately $450.0 million for fiscal year 2026.

Driven by an ongoing focus on deleveraging and confidence in the cash-generating power of its global operations, the company anticipates ending fiscal year 2026 with net debt at or below $3.0 billion, with a leverage ratio below 1.5X. Reflecting this financial strength, Darling Ingredients reaffirms fiscal year 2026 Combined Adjusted EBITDA guidance of $2.2-$2.3 billion, positioning the business to carry strong momentum into 2027.

Page 1

Darling Ingredients Inc. and Subsidiaries

Consolidated Statements of Operations

For the Three and Nine Months Ended October 3, 2026 and September 27, 2025

(in thousands, except per share data, unaudited)

Three Months EndedNine Months Ended

$ Change$ Change

October 3,September 27,FavorableOctober 3,September 27,Favorable

20262025(Unfavorable)20262025(Unfavorable)

Net sales to third parties$1,359,115 $1,221,846 $137,269 $3,971,868 $3,574,476 $397,392

Net sales to related party - Diamond Green Diesel432,001 342,120 89,881 1,094,147 851,602 242,545

Total net sales1,791,116 1,563,966 227,150 5,066,015 4,426,078 639,937

Costs and expenses:

Cost of sales and operating expenses (excludes depreciation and amortization, shown separately below)1,313,572 1,176,957 (136,615)3,680,177 3,3

EX-99.1

2 exh991-pressrelease102226.htm

EXHIBIT 99.1 PRESS RELEASE

Document

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

October 22, 2026

Darling Ingredients Issues Statement on Third Quarter 2026 Earnings;

Guidance for Fiscal Year 2026

IRVING, Texas – Darling Ingredients Inc. (NYSE: DAR) today issued the following statement regarding third quarter earnings.

Third quarter 2026 earnings for Darling Ingredients’ 50/50 joint venture known as Diamond Green Diesel (DGD) were released today by Darling Ingredients’ joint venture (JV) partner within its renewable diesel segment as part of its third quarter consolidated results.

The JV partner today reported that its renewable diesel segment earned approximately $350 million in operating income for the three months ended Sept. 30, 2026. For the nine months ended Sept. 30, 2026, the JV partner reported that its renewable diesel segment earned approximately $1.3 billion in operating income.

In the three months ended Sept. 30, 2026, DGD sold/shipped 314.9 million gallons of renewable fuels. For the nine months ended Sept. 30, 2026, DGD sold/shipped 936.1 million gallons of renewable fuels. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the three months ended Sept. 30, 2026, was $1.30. As determined on a stand-alone basis by Darling Ingredients, DGD Adjusted EBITDA per gallon for the nine months ended Sept. 30, 2026, was $1.59.

“Diamond Green Diesel delivered a solid quarter. While results were impacted by the timing of renewable diesel sales and certain commercial activities, we expect those timing differences to benefit fourth-quarter results,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “The fundamentals of our core business remain strong, and we remain focused on delivering on our objectives for the year. We have strong momentum into fourth quarter and expect that to continue into 2027.”

Supported by strong business fundamentals and a favorable run rate entering the fourth quarter, the company is providing fiscal year 2026 Combined Adjusted EBITDA guidance for Darling Ingredients of $2.2-$2.3 billion and expects to carry that momentum into 2027.

Darling Ingredients will host a conference call on Thursday, Oct. 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time) to discuss third quarter 2026 financial results, which will be released after market on Wednesday, Oct. 28, 2026, and provide an update on company operations. A presentation with accompanying supplemental financial data will also be available at darlingii.com/investors.

To access the call as a listener, please register for the audio-only webcast.

To join the call as a participant to ask a question, please register in advance to receive a confirmation email with the dial-in number and meeting ID for immediate access on Oct. 29 or call +1 833-461-5787 (Toll Free) or +1 626-884-3620 using meeting ID 827556345. A replay of the call will be available online via the webcast registration link two hours after the call ends. A transcript will be posted at darlingii.com/investors within 24 hours.

Diamond Green Diesel Joint Venture

Consolidated Statements of Income

For the Three and Nine Months Ended September 30, 2026 and September 30, 2025

(in thousands)

Three Months EndedNine Months Ended

(unaudited)(unaudited)$ Change(unaudited)(unaudited)$ Change

September 30,September 30,FavorableSeptember 30,September 30,Favorable

20262025(Unfavorable)20262025(Unfavorable)

Revenues:

Operating revenues$2,392,927 $1,203,732 $1,189,195 $6,488,972 $3,201,472 $3,287,500

Expenses:

Total costs and expenses excluding lower of cost or market inventory valuation adjustment and depreciation, amortization and accretion expense1,974,852 1,160,562 (814,290)5,072,649 3,257,113 (1,815,536)

Lower of cost or market (LCM) inventory valuation adjustment— 37,811 37,811 (96,720)(164,438)(67,718)

Depreciation, amortization and accretion expense70,289 75,398 5,109 219,237 204,399 (14,838)

Total costs and expenses2,045,141 1,273,771 (771,370)5,195,166 3,297,074 (1,898,092)

Operating income/(loss)347,786 (70,039)417,825 1,293,806 (95,602)1,389,408

Other income2,881 1,621 1,260 8,092 7,504 588

Interest and debt expense, net(10,593)(11,922)1,329 (32,488)(34,072)1,584

Income/(loss) before income tax expense340,074 (80,340)420,414 1,269,410 (122,170)1,391,580

Income tax expense/(benefit)(862)$221 1,083 (534)$1,365 1,899

Net income/(loss)$340,936 $(80,561)$421,497 $1,269,944 $(123,535)$1,393,479

Reconciliation of DGD Net Income/(Loss) to (Non-GAAP) DGD Adjusted EBITDA:

Net income/(loss)$340,936 $(80,561)$1,269,944 $(123,535)

Income tax expense/(benefit)(862)221 (534)1,365

Interest and debt expense, net10,593 11,922 32,488 34,072

Other income(2,881)(1,621)(8,092)(7,504)

Operating income/(loss)347,786 (70,039)(70,039)1,293,806 (95,602)

Depreciation, amortization and accretion expense70,289 75,398 219,237 204,399

DGD Adjusted EBITDA (Non-GAAP)418,075 5,359 1,51

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