Target Hospitality Corp. reports developments tied to its vertically integrated modular accommodations and value-added hospitality services business in the United States. The company builds, owns and operates customized communities that combine lodging with food service management, concierge, laundry, logistics, security, recreational facilities and workforce lodge management.
Recurring news for TH includes financial results, multi-year contract awards, Workforce Hospitality Solutions activity in data center, AI infrastructure and power-related projects, and updates across natural resources, government and critical infrastructure end markets. Company announcements also cover capital-structure actions such as secondary stock offerings, board and governance changes, investor conference participation and business outlook updates.
Target Hospitality (NASDAQ: TH) reported Q1 2026 revenue of $72.8 million, a net loss of $13.0 million ($0.13 per share), and Adjusted EBITDA of $9.9 million. Liquidity totaled about $150 million with a 0.6x net leverage ratio.
Since February 2025, the company has secured over $2.0 billion of multi-year contracts, including a new 48‑month AI Infrastructure Community agreement expected to generate more than $750 million of revenue. 2026 guidance calls for $370–$380 million in revenue and $75–$85 million Adjusted EBITDA, with capital expenditures of $460–$480 million.
Target Hospitality (Nasdaq: TH) appointed Paul Hohnsbeen to its Board of Directors, effective May 5, 2026.
Hohnsbeen will serve as an independent director and join the Nominating and Corporate Governance Committee. He brings 30+ years of digital infrastructure, real estate, construction, and energy experience, most recently as COO of Aligned Data Centers, and will advise on opportunities in AI-driven data center and critical infrastructure markets.
Target Hospitality (NASDAQ: TH) will present at the Oppenheimer 21st Annual Industrial Growth Conference on Wednesday, May 6, 2026 at 2:15 pm ET (1:15 pm CT). The presentation will be webcast live and a replay will be available for a limited time via the company's Investors website.
Target Hospitality (NASDAQ: TH) will release its first quarter 2026 financial results before the market opens on Monday, May 11, 2026.
The company will host a conference call the same day at 9:00 AM ET / 8:00 AM CT, available via live webcast on the Investors section of TargetHospitality.com; a replay will also be posted.
Target Hospitality (Nasdaq: TH) closed a secondary offering of 8,050,000 shares held by selling stockholders at $14.00 per share on April 23, 2026, and underwriters fully exercised an option to purchase an additional 1,050,000 shares on the same terms.
The company did not sell shares and received no proceeds; Morgan Stanley and Deutsche Bank acted as book-running managers and the offering was made under an effective Form S-3 registration statement.
Target Hospitality (Nasdaq: TH) priced a secondary underwritten offering of 7,000,000 shares held by selling stockholders at $14.00 per share, generating approximately $98,000,000 gross to those sellers. The company will not receive proceeds from the Offering.
The closing is expected on April 23, 2026, and underwriters have a 30-day option to buy up to an additional 1,050,000 shares. Morgan Stanley and Deutsche Bank are book-runners; several firms serve as co-managers. The Offering is made under an effective Form S-3 shelf registration initially filed April 10, 2019 and declared effective May 16, 2019.
Target Hospitality (Nasdaq: TH) announced on April 21, 2026 the launch of an underwritten secondary offering of 7,000,000 shares of common stock by selling stockholders Arrow Holdings S.à r.l. and MFA Global S.à r.l.
The selling holders granted underwriters a 30-day option for up to 1,050,000 additional shares. The company will not receive proceeds. Morgan Stanley and Deutsche Bank are book-running managers. The offering uses an effective Form S-3 shelf registration declared effective May 16, 2019.
Target Hospitality (Nasdaq: TH) secured a multi‑year Data Center Hub Contract with a top‑five hyperscaler to build and operate a purpose‑built community for ~4,000 people. The agreement includes >$550 million in committed minimum revenue through Q1 2031 plus $20–$40 million annual variable revenue, and two extension options to 2035. Construction starts immediately with first occupancy in Q3 2026 and full completion in Q2 2027. Target expects ~$115–$125 million net capital investment (≈80% in 2026) and raised 2026 guidance to $360–$370M revenue, $70–$80M adjusted EBITDA, and $220–$240M total CapEx.
Target Hospitality (NASDAQ: TH) reported full-year 2025 results and announced multiple multi-year workforce contracts supporting data center and power projects. Revenue was $320.6M with a net loss of $37.1M and Adjusted EBITDA $53.2M. The company secured >$740M in contracts since Feb 2025, including new $129M and $23M West Texas and Pecos power community awards, reactivating >1,800 beds and expanding its WHS pipeline above 20,000 beds. Guidance for 2026 calls for revenue of $320–330M, Adjusted EBITDA of $60–70M, and capex of $65–75M.
Target Hospitality (NASDAQ: TH) will release its fourth quarter and full year 2025 results before market open on Wednesday, March 11, 2026. A conference call is scheduled the same day at 9:00 AM ET / 8:00 AM CT to discuss results, with a live webcast and replay available via the company's Investors website.
Registration and direct phone dial options are provided; attendees are asked to join about 15 minutes early.