Darling Ingredients Inc. reported net income of $12.7 million, or $0.08 per diluted share, for the second quarter of 2025, a substantial decrease from $78.9 million, or $0.49 per diluted share, in Q2 2024. Total net sales for the quarter were $1.5 billion, consistent with the same period a year ago.
The decline in net income was primarily driven by lower earnings at the Diamond Green Diesel (DGD) joint venture. DGD sold 248.6 million gallons of renewable fuel during the quarter at an average of $0.36 per gallon EBITDA, contributing to a combined adjusted EBITDA of $249.5 million, down from $273.6 million in Q2 2024.
For fiscal year 2025, the company adjusted its Combined Adjusted EBITDA outlook downwards to $1.05 billion to $1.10 billion, from the previous guidance of $1.25 billion to $1.30 billion. This revision is attributed to uncertainty concerning small refinery exemptions in the Renewable Fuel Standard and a delayed reaction from RIN pricing.
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