SHARPE
Reported results
- Net income attributable to Darling was $267.0 million, or $1.67 per GAAP diluted share for the third quarter 2026, compared to $19.4 million, or $0.12 per GAAP diluted share for the third quarter 2025.
- Total net sales were $1.8 billion for the third quarter 2026, compared to $1.6 billion for the third quarter 2025.
- Combined Adjusted EBITDA (Non-GAAP) was $514.3 million for the third quarter 2026, compared to $244.9 million for the third quarter 2025.
- The company received $171.0 million in cash distributions from Diamond Green Diesel (DGD) in the third quarter of 2026.
- Non-GAAP DGD Adjusted EBITDA per gallon for the three months ended Sept. 30, 2026, was $1.30.
Guidance
- The company estimates capital expenditures to be approximately $450.0 million for fiscal year 2026.
- The company anticipates ending fiscal year 2026 with net debt at or below $3.0 billion, with a leverage ratio below 1.5X.
- The company reaffirms fiscal year 2026 Combined Adjusted EBITDA guidance of $2.2-$2.3 billion.
Price and volatility reaction
The stock moved -0.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -8.2 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 55.46 | 2026-10-28 |
| Close after release | 55.15 | 2026-10-29 |
| Realised move | -0.6% | close to close |
| 30d ATM IV change | -8.2 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-28 (8-K, Item 2.02). Read the original filing on sec.gov.