---
schema_version: "secwatch.filing_event.v1"
accession: "0000916540-25-000029"
form_type: "8-K"
ticker: "DAR"
cik: "0000916540"
company_name: "DARLING INGREDIENTS INC."
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:39:39.114676+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Darling Q3 net income $19.4M ($0.12 EPS), sales up 10% to $1.6B; DGD EBITDA negative

## Summary
- Net income $19.4M ($0.12 diluted EPS) vs $16.9M ($0.11) YoY; total net sales $1.6B (+10% from $1.4B).
- Combined Adj. EBITDA $244.9M vs $236.7M; DGD contributed negative $2.9M of Darling's share vs positive $39.1M in Q3 2024.
- Agreed to sell $125M of 2025 production tax credits; expects another $125-175M in PTC sales by year-end 2025.
- Full-year 2025 core ingredients (ex-DGD) Adj. EBITDA guidance ~$875-900M; company stops providing DGD guidance due to policy uncertainty.
- Leverage ratio 3.65x; net debt $4.01B; YTD capex $224M; cash $91.5M, revolver availability $1.17B.

## SEC filing metadata
- accession: 0000916540-25-000029
- form_type: 8-K
- ticker: DAR
- cik: 0000916540
- company_name: DARLING INGREDIENTS INC.
- filed_at: 2025-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/916540/000091654025000029/0000916540-25-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916540/000091654025000029/dar-20251023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000916540-25-000029
- JSON: https://secwatch.observer/filing/0000916540-25-000029.json
- Plain text: https://secwatch.observer/filing/0000916540-25-000029.txt

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