---
schema_version: "secwatch.filing_event.v1"
accession: "0000916540-23-000032"
form_type: "8-K"
ticker: "DAR"
cik: "0000916540"
company_name: "DARLING INGREDIENTS INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:28:13.532121+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Darling Ingredients cuts FY2023 EBITDA guidance to $1.6-$1.7B; cites DGD disruptions & hedge loss

## Summary
- DGD joint venture volumes down due to 37-day outage from turnaround and minor fire at DGD 2 in St. Charles, La.
- Extreme heating oil volatility caused sizeable hedge loss; D4 RIN sell-off and stagnant LCFS prices reduced DGD margins.
- Darling core business Q3 slightly lower than Q2 but seasonally normal; fat prices improved late in quarter, gross margins solid.
- Combined adjusted EBITDA for FY2023 expected between $1.6-$1.7 billion, reflecting Q3 headwinds.
- Q4 outlook: core business to improve, DGD volumes and margins stronger; target leverage 2.5x by year-end 2024.

## SEC filing metadata
- accession: 0000916540-23-000032
- form_type: 8-K
- ticker: DAR
- cik: 0000916540
- company_name: DARLING INGREDIENTS INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916540/000091654023000032/0000916540-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916540/000091654023000032/dar-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916540-23-000032
- JSON: https://secwatch.observer/filing/0000916540-23-000032.json
- Plain text: https://secwatch.observer/filing/0000916540-23-000032.txt

## Key facts
- Earnings Releases
  DARLING INGREDIENTS INC. updated its third quarter ended September 30, 2023 guidance (reaffirmed).
  - Period: third quarter ended September 30, 2023
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On October 26, 2023, Darling Ingredients Inc. (the “Company”) issued a press release on 2023 guidance and 2024 outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/916540/000091654023000032/0000916540-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.