Welcome to our dedicated page for Target Hospitality SEC filings (Ticker: TH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Target Hospitality Corp. filings document the public-company record for a Nasdaq-listed provider of modular accommodations and hospitality services. Its 8-K reports disclose operating results, investor presentations, Regulation FD business updates, contract announcements and material corporate events connected to its workforce communities and service offerings.
TH filings also cover common stock registration and capital-structure matters, including prospectus supplements and underwriting agreements for secondary offerings by selling stockholders. Proxy materials describe annual meeting proposals, board composition, committee service, executive compensation and equity incentive matters, while governance-related 8-K filings record director appointments and amendments to performance stock unit arrangements under the company incentive plan.
Target Hospitality Corp. (TH) reported that on September 1, 2026 it posted a new investor presentation on its website in connection with a Regulation FD disclosure. The presentation, available in the presentations section of its investor relations site, includes statements characterized as forward-looking and is accompanied by cautionary language included in the slides.
The company states that the information described under this disclosure is being furnished, not filed, under the Exchange Act, and therefore is not subject to liability under Section 18 nor automatically incorporated into other Securities Act or Exchange Act filings unless specifically referenced.
Target Hospitality Corp. (TH) announced a new multi-year lease and services contract to support a top-five hyperscaler’s data center development in West Texas. The community is designed for approximately 1,100 individuals, with initial occupancy expected in the third quarter of 2026 and full completion anticipated in September 2026. The contract term is anticipated to be four years and is expected to generate approximately $250 million of revenue through August 2030.
The project will leverage existing under-utilized assets, with community modifications expected to require less than $15 million of capital investment, reflecting a capital-light approach with take-or-pay and minimum commitment features. Including this agreement, Target has secured more than $1.7 billion of multi-year awards across its Workforce Hospitality Solutions segment since January 2026 and raised its full-year 2026 revenue and Adjusted EBITDA outlook midpoints by 6% and 22%, respectively. Based on its current contract portfolio, the company projects exiting 2027 with annualized revenue exceeding $750 million and annualized Adjusted EBITDA above $300 million, while noting extensive forward-looking risk factors and customary termination rights for the customer, including a 60-day notice provision.
Target Hospitality Corp. reported higher revenue but continued net losses for the three and six months ended June 30, 2026. Total revenue for the first half of 2026 was $158.2 million, up from $131.5 million in 2025, driven largely by rapid expansion in the Workforce Hospitality Solutions (WHS) segment and growth in specialty rental income. WHS revenue for the first half rose to $59.9 million from $20.2 million, while Government segment revenue declined.
The company recorded a six‑month operating loss of $21.8 million and a net loss attributable to common stockholders of $22.0 million, similar to the prior year, with loss per share steady at $(0.22). Strong advance customer payments and deposits produced net cash provided by operating activities of $111.0 million, compared with $15.0 million a year earlier, but this was largely reinvested. Capital spending totaled $150.9 million, mostly for specialty rental assets supporting WHS growth, and total debt increased to $44.7 million, including $40.0 million drawn on the asset‑based revolving facility. Deferred revenue and customer deposits reached $121.5 million, and remaining fixed‑price performance obligations under ASC 606 were $263.3 million.
Target Hospitality Corp. reported strong top-line and profitability growth for the quarter ended June 30, 2026, driven by its Workforce Hospitality Solutions segment and the ramp-up of the Dilley, Texas government community. Revenue rose to $85.5 million from $61.6 million a year earlier, a 39% increase. Adjusted EBITDA reached $18.2 million, up from $3.5 million, while the net loss narrowed to $9.0 million, or $0.09 per share, from $14.9 million.
Since January 2026, the company has secured over $1.4 billion of multi-year contract awards representing more than 9,000 WHS beds and raised its full-year 2026 revenue and Adjusted EBITDA outlook by 11% and 13%, respectively. It also replaced a $175 million revolver with a $660 million asset-based revolving credit facility maturing in 2031, citing improved liquidity and flexibility. As of June 30, 2026, Target had $6.1 million of cash, borrowings of $40 million on the $175 million facility, total available liquidity of about $141 million, and a net leverage ratio of 0.6x, alongside heavy growth capital spending in WHS.
Smyth Margaret Mary reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. granted director Margaret Mary Smyth 6,963 Restricted Stock Units on August 4, 2026 as she joined the Board of Directors. Each RSU represents a contingent right to receive one share of common stock or its cash equivalent and will vest in full on May 20, 2027 under the company’s 2019 Incentive Award Plan and related Award Agreement.
Sanchack Erich reported acquisition or exercise transactions in this Form 4 filing.
Target Hospitality Corp. director Erich Sanchack received a grant of 6,963 Restricted Stock Units on August 4, 2026 as a newly appointed board member. Each RSU represents one share of common stock or its cash equivalent and vests in full on May 20, 2027 under the 2019 Incentive Award Plan.
Target Hospitality Corp. reports that director Margaret Mary Smyth currently has no securities beneficially owned in the company’s common stock, par value $0.001 per share. A holding entry dated August 4, 2026 shows total shares following the entry as 0.0000, with a footnote confirming no beneficial ownership.
Heidi D. Lewis signs on behalf of Ms. Smyth as Attorney-in-Fact under a Power of Attorney dated July 1, 2026, which authorizes execution of this ownership report.
Erich Sanchack, a director of Target Hospitality Corp., filed an initial statement of beneficial ownership reporting no beneficial ownership of the company’s common stock, par value $0.001 per share, as of 2026-08-04. Attorney-in-Fact Heidi D. Lewis signed under a Power of Attorney dated April 29, 2026.
Target Hospitality Corp. appointed Margaret (Peggy) Smyth, age 62, and Erich Sanchack, age 56, to its Board of Directors effective August 4, 2026, with terms running until the 2027 annual meeting of stockholders. Smyth will serve on the Audit Committee and Sanchack on the Compensation Committee, and both are classified as independent directors under Nasdaq standards.
Smyth is a senior finance executive and currently Senior Advisor at Alvarez & Marsal, with prior roles including Chief Financial Officer of National Grid US and leadership positions at QIC, Consolidated Edison, United Technologies, 3M, Deloitte & Touche, and Arthur Andersen. She serves on several boards, including MOA Funds, helping oversee nearly $30 billion in assets across 28 funds. Sanchack is Chief Executive Officer of Salute and previously held senior roles at Digital Realty Trust, CenturyLink, and Lockheed Martin, bringing extensive data center and infrastructure experience.
Both new directors will receive compensation consistent with other non-employee directors as described in the April 7, 2026 definitive proxy statement and will enter into the company’s standard director and officer indemnification agreement. The company states there are no appointment arrangements with other persons and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Target Hospitality Corp., through subsidiary Arrow Bidco, entered into a new senior secured asset-based revolving credit facility providing up to $660 million in borrowing capacity. On the July 24, 2026 closing date, $65.7 million was drawn to repay and terminate the prior credit facility and pay related fees.
The new ABL facility has a five-year term, with borrowing availability determined by a borrowing base tied to eligible accounts receivable, rental equipment and qualified cash, net of reserves. It includes sublimits of $100 million for letters of credit and $50 million for swingline loans, plus an accordion feature that can increase total commitments to $850 million, subject to lender commitments and other conditions.
Borrowings bear interest at SOFR- or base-rate benchmarks plus an initial margin of 2.50% for term and RFR loans and 1.50% for base-rate loans, with margins thereafter ranging from 2.25%–3.00% and 1.25%–2.00% based on Arrow Bidco’s Total Leverage Ratio. The facility is guaranteed by the company and material subsidiaries, secured by a first-priority lien on substantially all of their assets, and requires compliance with quarterly-tested leverage and coverage covenants along with customary negative covenants.