PETCHSRIVICHAI ENTERPRISE vs Darling Ingredients: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

PETCHSRIVICHAI ENTERPRISE PUBLIC COMPANY LIMITED (PCE.BK)

Q3 202620 Jul – 8 Oct 2026

▲4

PCE's profit surge, capacity expansion, and biofuel tax cut plan drive growth

Record Q2 profit and strong H1 results PCE reported Q2 2026 net profit of 214.2 million baht, up 59.5% from a year earlier, on revenue of 7.06 billion baht. First-half profit rose 36% to 220.9 million baht. Higher sales of high-margin B100 biodiesel and refined palm oil, plus cost controls, lifted margins.
This is the core financial result that shows the company's earnings power and supports the stock's value.
Government biofuel tax cut plan could boost demand Thailand is considering cutting excise taxes on biofuels to lower fuel prices and increase consumption. DBS Vickers named PCE among 11 stocks set to benefit, specifically in the group of integrated palm oil producers linked to biodiesel. Lower taxes would make biodiesel cheaper, driving more demand for PCE's B100.
This is a new regulatory catalyst that could expand the market for PCE's key product.
Capacity expansion to meet rising demand PCE is expanding its edible palm oil refinery from 300 to 700 tonnes per day, due in Q4 2026, and building a third crude palm oil mill to raise fresh fruit processing from 150 to 225 tonnes per hour by Q2 2027. These moves aim to capture growing food-industry demand and reduce reliance on external purchases.
This shows concrete steps to grow production and sales volume, supporting future revenue.
B100 biodiesel orders remain strong, supporting H2 outlook PCE says B100 biodiesel orders are flowing in continuously, with sufficient raw materials to meet demand. The company expects Q3 margins to improve after a standout Q2, and Q4 is the high season. Management guides 2026 revenue growth of 10-15% and double-digit gross margin growth.
This provides forward-looking confidence that the strong performance will continue in the second half.

August 202620 Jul – 8 Oct 2026

▲4

PCE's profit surge, capacity expansion, and biofuel tax cut plan drive growth

Record Q2 profit and strong H1 results PCE reported Q2 2026 net profit of 214.2 million baht, up 59.5% from a year earlier, on revenue of 7.06 billion baht. First-half profit rose 36% to 220.9 million baht. Higher sales of high-margin B100 biodiesel and refined palm oil, plus cost controls, lifted margins.
This is the core financial result that shows the company's earnings power and supports the stock's value.
Government biofuel tax cut plan could boost demand Thailand is considering cutting excise taxes on biofuels to lower fuel prices and increase consumption. DBS Vickers named PCE among 11 stocks set to benefit, specifically in the group of integrated palm oil producers linked to biodiesel. Lower taxes would make biodiesel cheaper, driving more demand for PCE's B100.
This is a new regulatory catalyst that could expand the market for PCE's key product.
Capacity expansion to meet rising demand PCE is expanding its edible palm oil refinery from 300 to 700 tonnes per day, due in Q4 2026, and building a third crude palm oil mill to raise fresh fruit processing from 150 to 225 tonnes per hour by Q2 2027. These moves aim to capture growing food-industry demand and reduce reliance on external purchases.
This shows concrete steps to grow production and sales volume, supporting future revenue.
B100 biodiesel orders remain strong, supporting H2 outlook PCE says B100 biodiesel orders are flowing in continuously, with sufficient raw materials to meet demand. The company expects Q3 margins to improve after a standout Q2, and Q4 is the high season. Management guides 2026 revenue growth of 10-15% and double-digit gross margin growth.
This provides forward-looking confidence that the strong performance will continue in the second half.

Latest20 Jul – 8 Oct 2026

▲4

PCE's profit surge, capacity expansion, and biofuel tax cut plan drive growth

Record Q2 profit and strong H1 results PCE reported Q2 2026 net profit of 214.2 million baht, up 59.5% from a year earlier, on revenue of 7.06 billion baht. First-half profit rose 36% to 220.9 million baht. Higher sales of high-margin B100 biodiesel and refined palm oil, plus cost controls, lifted margins.
This is the core financial result that shows the company's earnings power and supports the stock's value.
Government biofuel tax cut plan could boost demand Thailand is considering cutting excise taxes on biofuels to lower fuel prices and increase consumption. DBS Vickers named PCE among 11 stocks set to benefit, specifically in the group of integrated palm oil producers linked to biodiesel. Lower taxes would make biodiesel cheaper, driving more demand for PCE's B100.
This is a new regulatory catalyst that could expand the market for PCE's key product.
Capacity expansion to meet rising demand PCE is expanding its edible palm oil refinery from 300 to 700 tonnes per day, due in Q4 2026, and building a third crude palm oil mill to raise fresh fruit processing from 150 to 225 tonnes per hour by Q2 2027. These moves aim to capture growing food-industry demand and reduce reliance on external purchases.
This shows concrete steps to grow production and sales volume, supporting future revenue.
B100 biodiesel orders remain strong, supporting H2 outlook PCE says B100 biodiesel orders are flowing in continuously, with sufficient raw materials to meet demand. The company expects Q3 margins to improve after a standout Q2, and Q4 is the high season. Management guides 2026 revenue growth of 10-15% and double-digit gross margin growth.
This provides forward-looking confidence that the strong performance will continue in the second half.

Darling Ingredients Inc (DAR)

Q3 202624 Jun – 25 Aug 2026

▲3▼1

Darling's biofuel boom meets a RIN-price warning

Q2 profit surge on fat, protein and fuel prices Darling's second-quarter profit jumped to $2.41 a share from 8 cents a year earlier, far above expectations. Fat and protein prices rallied, biofuel demand was strong, and fish meal supplies tightened. Higher prices for what Darling sells mean more profit, which pushes the stock up.
The earnings beat is the core new reason the stock moved and resets the profit baseline.
DGD fuel earnings explode, but one-time tariff boost Darling's diesel joint venture earned $2.23 per gallon versus 34 cents a year earlier, with EBITDA of $389 million. Tight renewable fuel credits support margins into 2027. About $50 million of that came from a one-time tariff refund, so the underlying run-rate is lower than it looks.
DGD is Darling's biggest profit engine and the swing factor in the quarter, including the caveat.
$1 billion buyback signals capital return ahead Darling raised its share buyback program to $1 billion and expects net debt below $3 billion by year-end, after which it may add dividends or more repurchases. Buying back stock shrinks the share count, lifting earnings per share and supporting the price.
New capital-return commitment is a fresh, price-relevant signal for investors.
RIN credit prices plunge on EPA delay and exemptions Ethanol RIN credits fell to $1.75, a four-month low, after the EPA extended a compliance deadline and moved to grant small-refinery exemptions that could free 1.2–1.8 billion credits. Weaker credits cut the value of renewable diesel and the feedstocks Darling supplies, a real drag on future profit.
This is the main counterweight and the newest regulatory risk to Darling's biofuel economics.

July 202624 Jun – 25 Aug 2026

▲3▼1

Darling's biofuel boom meets a RIN-price warning

Q2 profit surge on fat, protein and fuel prices Darling's second-quarter profit jumped to $2.41 a share from 8 cents a year earlier, far above expectations. Fat and protein prices rallied, biofuel demand was strong, and fish meal supplies tightened. Higher prices for what Darling sells mean more profit, which pushes the stock up.
The earnings beat is the core new reason the stock moved and resets the profit baseline.
DGD fuel earnings explode, but one-time tariff boost Darling's diesel joint venture earned $2.23 per gallon versus 34 cents a year earlier, with EBITDA of $389 million. Tight renewable fuel credits support margins into 2027. About $50 million of that came from a one-time tariff refund, so the underlying run-rate is lower than it looks.
DGD is Darling's biggest profit engine and the swing factor in the quarter, including the caveat.
$1 billion buyback signals capital return ahead Darling raised its share buyback program to $1 billion and expects net debt below $3 billion by year-end, after which it may add dividends or more repurchases. Buying back stock shrinks the share count, lifting earnings per share and supporting the price.
New capital-return commitment is a fresh, price-relevant signal for investors.
RIN credit prices plunge on EPA delay and exemptions Ethanol RIN credits fell to $1.75, a four-month low, after the EPA extended a compliance deadline and moved to grant small-refinery exemptions that could free 1.2–1.8 billion credits. Weaker credits cut the value of renewable diesel and the feedstocks Darling supplies, a real drag on future profit.
This is the main counterweight and the newest regulatory risk to Darling's biofuel economics.

Latest24 Jun – 25 Aug 2026

▲3▼1

Darling's biofuel boom meets a RIN-price warning

Q2 profit surge on fat, protein and fuel prices Darling's second-quarter profit jumped to $2.41 a share from 8 cents a year earlier, far above expectations. Fat and protein prices rallied, biofuel demand was strong, and fish meal supplies tightened. Higher prices for what Darling sells mean more profit, which pushes the stock up.
The earnings beat is the core new reason the stock moved and resets the profit baseline.
DGD fuel earnings explode, but one-time tariff boost Darling's diesel joint venture earned $2.23 per gallon versus 34 cents a year earlier, with EBITDA of $389 million. Tight renewable fuel credits support margins into 2027. About $50 million of that came from a one-time tariff refund, so the underlying run-rate is lower than it looks.
DGD is Darling's biggest profit engine and the swing factor in the quarter, including the caveat.
$1 billion buyback signals capital return ahead Darling raised its share buyback program to $1 billion and expects net debt below $3 billion by year-end, after which it may add dividends or more repurchases. Buying back stock shrinks the share count, lifting earnings per share and supporting the price.
New capital-return commitment is a fresh, price-relevant signal for investors.
RIN credit prices plunge on EPA delay and exemptions Ethanol RIN credits fell to $1.75, a four-month low, after the EPA extended a compliance deadline and moved to grant small-refinery exemptions that could free 1.2–1.8 billion credits. Weaker credits cut the value of renewable diesel and the feedstocks Darling supplies, a real drag on future profit.
This is the main counterweight and the newest regulatory risk to Darling's biofuel economics.