Loading...
•
Jun 28
Darling Q2 2025 Earnings Report
Darling Ingredients posted weaker Q2 2025 results with lower earnings driven by reduced DGD contributions.
Key Takeaways
Darling Ingredients reported flat revenue but significantly lower net income due to weaker Diamond Green Diesel results, while maintaining capital discipline and advancing strategic initiatives.
Net income fell to $12.7 million from $78.9 million a year ago.
EPS declined to $0.08 compared to $0.49 in Q2 2024.
Combined Adjusted EBITDA was $249.5 million, down from $273.6 million last year.
DGD sold 248.6 million gallons at $0.36 per gallon EBITDA.
Darling
Darling
Darling Revenue by Segment
Revenue by Segment
Feed Ingredients Revenue
CapyFin.comFood Ingredients Revenue
CapyFin.comFuel Ingredients Revenue
CapyFin.com Forward Guidance
Darling expects sequential improvement in core ingredients business, supported by stronger fat prices, but uncertainty remains due to global tariffs and regulatory factors.
Positive Outlook
- Improving market dynamics expected in H2 2025
- Stronger fat prices supporting core ingredients
- Refinancing improved financial flexibility
- Nextida joint venture to unlock collagen business growth
- Biofuel regulatory support expected to improve renewables business
Challenges Ahead
- Uncertainty around small refinery exemptions and RIN pricing
- Global tariffs causing supply chain disruptions
- Weaker DGD earnings impacting profitability
- Continued pressure on renewable fuel margins
- Volatile commodity and foreign exchange markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income