Target Hospitality Corp
NASDAQ:TH

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Target Hospitality Corp
NASDAQ:TH
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Price: 8.7 USD 0.35%
Market Cap: 868.1m USD

Target Hospitality Corp
Investor Relations

Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. The company is headquartered in The Woodlands, Texas and currently employs 823 full-time employees. The company went IPO on 2018-03-05. The firm operates across the United States, primarily in the Southwest and the Midwest. The firm operates through four segments: Hospitality & Facilities Services- South (HFS-South), Hospitality & Facilities Services-Midwest (HFS-Midwest), Government, and TCPL Keystone. Its HFS-South segment reflects its facilities and operations in the HFS-South region and includes its 15 communities located across Texas and New Mexico. The HFS-Midwest segment reflects its facilities and operations in the HFS-Midwest region and includes its four communities in North Dakota. Government segment includes the facilities and operations of the family residential center and the related support communities in Dilley, Texas. TCPL Keystone segment operations consist primarily of the construction phase of the contract with TCP. The company provides customized specialty rental accommodations, culinary services and hospitality solutions.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue: Q3 revenue was approximately $99 million, including an $11.8 million PCC contract closeout payment.

Contract Wins: Over $455 million in new multiyear contracts were awarded in 2025, expanding Target's reach in data center, AI infrastructure, and critical minerals markets.

Dilley Ramp-Up: The Dilley, Texas facility completed ramp-up in September and is now fully operational with 2,400 beds, expected to generate $30 million in 2025 and over $246 million over its 5-year term.

Growth Pipeline: Management described the current pipeline as the strongest and most active in company history, with increasing demand in data center and power projects, especially in West Texas.

Guidance Reaffirmed: 2025 outlook for total revenue of $310–$320 million and adjusted EBITDA of $50–$60 million was reaffirmed.

Financial Position: Ended the quarter with $30 million in cash, zero net debt, and total liquidity of $205 million.

Margin Outlook: Margin profiles on new contracts, especially data centers, are expected to be similar to Dilley at 40–50%.

Key Financials
Revenue
$99 million
Adjusted EBITDA
$22 million
Government Segment Revenue
$24 million
PCC Contract Closeout Payment
$11.8 million
WHS Segment Revenue
$37 million
HFS and All Other Segments Revenue
$39 million
Recurring Corporate Expenses
$11 million
Total Capital Spending
$29 million
Net Capital Spending
$15 million
Cash Flow from Operations (9 months)
$68 million
Discretionary Cash Flow (9 months)
$61 million
Cash (end of quarter)
$30 million
Net Debt
$0
Total Available Liquidity
$205 million
Dilley Facility Revenue (2025)
$30 million
Workforce Hub Contract Value
$166 million
Data Center Contract Minimum Committed Revenue (2025)
$5 million
Data Center Contract Total Committed Revenue (through Sept 2027)
$43 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. James Bradley Archer
CEO, President & Non-Independent Director
No Bio Available
Mr. Jason Paul Vlacich
CFO & Chief Accounting Officer
No Bio Available
Mr. Troy C. Schrenk
Executive VP of Operations & Chief Commercial Officer
No Bio Available
Ms. Heidi Diane Lewis J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Mark Schuck CPA
Senior Vice President of Investor Relations & Financial Planning
No Bio Available
Ms. Margarita Salazar
Vice President of Human Resources
No Bio Available
Mr. Andrew A. Aberdale
Advisor
No Bio Available
Mr. Danny Handshoe
Senior Vice President of Services
No Bio Available

Contacts

Address
TEXAS
The Woodlands
9320 Lakeside Blvd., Suite 300
Contacts