Darling Ingredients Reports DGD's $55M Q4 Net Income

By Chris Stiles • Thursday, January 29 12:25 • Permanent Link

Darling Ingredients Inc. has announced its fourth quarter and fiscal year 2025 earnings, with its 50/50 joint venture (JV) known as Diamond Green Diesel (DGD) reporting significant figures.

For the three months ended December 31, 2025, DGD incurred an unfavorable lower of cost-or-market (LCM) inventory valuation adjustment of approximately $24 million. However, net income for DGD during the same period was $55 million, and DGD sold/shipped 285.3 million gallons of renewable fuels. Darling Ingredients' share of DGD adjusted EBITDA for this period was $58 million or $0.41 per gallon.

Looking at the 12 months ended December 31, 2025, DGD realized a favorable LCM inventory valuation adjustment of approximately $140 million. However, DGD incurred a net loss of ($68) million during this time, despite selling/shipping 1.003 billion gallons of renewable fuels. Darling Ingredients' share of DGD adjusted EBITDA for this period was $104 million or $0.21 per gallon.

Darling Ingredients' Chairman and CEO, Randall C. Stuewe, commented that "both DGD and our core ingredients business performance strengthened sequentially in the fourth quarter."

The company will release its full financial results after the market on Wednesday, February 11, 2026, and a conference call to discuss these results will be held on February 12, 2026, at 9 a.m. Eastern Time.

Today the company's shares have moved -2.13% to a price of $39.57. For the full picture, make sure to review DARLING INGREDIENTS INC.'s 8-K report.

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