
Darling Ingredients, the largest renderer, has recovered from a fiscal 2025 earnings slump of about 92% below its 2022 peak. It is guiding to $2.2 billion to $2.3 billion of combined adjusted EBITDA for 2026, driven by its Diamond Green Diesel joint venture.
Darling's margins depend on renewable diesel economics and tallow and feedstock availability, so its results signal tighter fats demand and stronger biofuel margins. The direct effect on feed-ingredient prices is limited.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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