Darling Ingred Stock Price, News & Analysis

Darling Ingredients (NYSE: DAR) has initiated the production of renewable natural gas (RNG) from wastewater at its Dublin, Georgia rendering facility. In collaboration with GreenGasUSA, the RNG is being injected into Dublin's natural gas distribution system and purchased by the Municipal Gas Authority of Georgia.

This initiative serves multiple purposes: reducing the company's Scope 1 emissions, creating a new revenue stream, and supporting sustainability goals. The project converts methane from wastewater treatment into valuable RNG, which is then integrated into the existing natural gas energy grid, generating thermal energy credits.

The company plans to expand this RNG production method to other rendering plants across the United States, subject to feasibility and market conditions.

Darling Ingredients (NYSE: DAR), a global leader in converting food waste into sustainable products and renewable energy, has announced its participation in several upcoming investor conferences. The company will attend five major events:

• BofA Securities Global Ag and Materials Conference in Fort Lauderdale (Feb 26) - Renewable Fuel Panel at 2:45 PM ET
• Scotia Bank Howard Weil Energy Conference in Miami (Feb 27) - Fireside chat at 10:30 AM ET
• Raymond James Institutional Investors Conference in Orlando (Mar 3) - Fireside chat at 2:15 PM ET
• Citi Consumer Conference in Miami (Mar 10)
• Piper Sandler Energy Conference in Las Vegas (Mar 17)

Interested parties can find additional event details and webcast information on the company's website at darlingii.com/events.

Darling Ingredients (DAR) reported Q4 2024 net income of $101.9 million ($0.63 per share), up from $84.5 million ($0.52 per share) in Q4 2023. Total net sales were $1.4 billion for Q4 2024, down from $1.6 billion in Q4 2023.

For fiscal year 2024, the company reported net sales of $5.7 billion, compared to $6.8 billion in 2023. Net income for FY2024 was $278.9 million ($1.73 per share), down from $647.7 million ($3.99 per share) in FY2023.

Combined Adjusted EBITDA for Q4 2024 was $289.5 million, compared to $350.9 million in Q4 2023. Diamond Green Diesel (DGD) sold 293.8 million gallons of renewable diesel in Q4 at $0.40 per gallon EBITDA, contributing $68.6 million in cash dividends to Darling. The company provided 2025 guidance of $1.25-1.30 billion Combined Adjusted EBITDA.

Darling Ingredients (NYSE: DAR) has released preliminary information about its Q4 and fiscal year 2024 performance through its Diamond Green Diesel (DGD) joint venture. The JV partner reported renewable diesel segment operating income of $170 million for Q4 2024 and $507 million for the full year. DGD experienced a lower of cost-or-market adjustment of $118 million in Q4 and $176 million for the full year.

DGD sold 292.8 million gallons of renewable fuels in Q4 and 1.25 billion gallons for the full year 2024. The Q4 EBITDA per gallon was $0.40 ($0.81 excluding LCM), while the full-year EBITDA per gallon was $0.46 ($0.60 excluding LCM). The company's core business had its strongest quarterly performance in Q4 2024, with management noting strong momentum entering 2025.

The company will host an earnings conference call on February 6, 2025, to discuss detailed financial results and provide its 2025 outlook.

Darling Ingredients (NYSE: DAR), a global leader in converting food waste into sustainable products and renewable energy, has achieved its first-ever ISS ESG Prime status. The company improved its ESG Corporate Rating to B- and ranks in the top 10% of companies within its industry.

This recognition from ISS ESG, the responsible investment arm of proxy advisory firm ISS, highlights Darling's strong sustainability strategy focusing on financial and impact materiality. Key achievements outlined in their recent sustainability report include:

• Setting Scope 1 and 2 emissions reduction goals
• Completing a full inventory of Forest, Land Use and Agriculture emissions
• Increasing women representation in senior management
• Mapping biodiversity risks across U.S. operations to assess species richness and habitat availability

Darling Ingredients (NYSE: DAR) announced significant leadership changes. Brad Phillips, Executive VP and CFO, will retire after 36 years, effective June 15, 2025. Robert Day, current Executive VP and Chief Strategy Officer, will become CFO after the 2024 Form 10-K filing (expected Feb. 25, 2025). Sandra Dudley will be promoted to Executive VP, Renewables and Chief Strategy Officer. Carlos Paz will join as Executive VP, Global Risk Management, Ingredients.

Day joined in 2023 with previous experience at Ascendant Partners and Ceres Global Ag Corp. Dudley, who joined in 2015, currently oversees the Diamond Green Diesel joint venture and specialty operations. Paz comes from Ceres Global Ag Corp., bringing over 20 years of experience from Cargill in trading and merchandising.

Darling Ingredients announced that Avfuel received its first delivery of sustainable aviation fuel (SAF) produced by Diamond Green Diesel (DGD), a joint venture between Darling and Valero Energy. Naples Aviation became the first location in eastern US to offer DGD's SAF for general sale.

The SAF, produced from waste-based feedstocks like used cooking oil, animal tallow, and distiller's corn oil, can reduce greenhouse gas emissions by up to 80% compared to conventional jet fuel. DGD's Port Arthur facility made its first SAF shipment on Nov. 16, with approximately 50% of its 470 million gallon annual capacity converted to SAF production.

Darling Ingredients (NYSE: DAR) announced that Diamond Green Diesel (DGD), its 50/50 joint venture, has received Excise Tax Registration approval from the Internal Revenue Service. This registration is a key requirement for claiming the Internal Revenue Code 45Z credit. The company's CEO, Randall C. Stuewe, highlighted this as the first step toward monetizing the 45Z Producer's Tax Credit and expressed optimism about forthcoming guidance regarding 45Z.

Darling Ingredients (NYSE: DAR) has unveiled DarLinQ, an innovative technology using sonar and Bluetooth for real-time monitoring of used cooking oil (UCO) storage containers. The system enhances operational efficiency and security through continuous oil-level monitoring and automated equipment.

This patented technology addresses the significant challenge of UCO theft, which costs up to $75 million annually in the United States according to the National Renderers Association. DarLinQ provides real-time theft alerts and prevention features, already proven successful through pilot programs. The company is rolling out this technology across its network of over 200,000 restaurant and kitchen facilities in the U.S. through its DAR PRO Solutions brand.