{"filings":[{"id":2144197,"accession_number":"0001104659-26-093011","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-08-10T11:02:53+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q2 revenue +39% to $85.5M, raises FY26 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $85.5M, up 39% YoY; net loss $9.0M ($0.09 loss/share) vs $14.9M loss prior year.","Adjusted EBITDA $18.2M, up >5x from $3.5M; driven by Workforce Hospitality Solutions growth.","Raised FY2026 revenue guidance to $410-420M (up 11%) and adjusted EBITDA to $85-95M (up 13%).","Since Jan 2026 secured $1.4B in multi-year contract awards, >9,000 beds; new $660M ABL facility closed July 24.","Expects annualized revenue >$700M and adjusted EBITDA >$260M exiting 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2060761,"accession_number":"0001104659-26-090700","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-08-05T10:55:22+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality appoints Margaret Smyth and Erich Sanchack as independent directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Margaret (Peggy) Smyth, age 62, appointed to Board and Audit Committee, effective August 4, 2026.","Erich Sanchack, age 56, appointed to Board and Compensation Committee, effective August 4, 2026.","Smyth brings 30+ years financial leadership; former CFO of National Grid US and partner at QIC Ltd.","Sanchack brings 20+ years operational leadership; CEO of Salute, former COO of Digital Realty Trust.","Appointments support Target's growth in AI-driven data center and critical infrastructure markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1886358,"accession_number":"0001104659-26-087099","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-07-27T20:15:52+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Target Hospitality closes new $660M ABL facility, replacing $175M prior credit line","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $660M asset-based revolving credit facility matures July 2031, nearly quadrupling prior $175M capacity.","Borrowing cost reduced by up to 250 bps; interest at Term SOFR + 2.25%-3.00% based on leverage.","Accordion feature allows incremental commitments up to $850M, subject to conditions.","Proceeds used to repay existing facility and fees; supports 20,000+ bed commercial pipeline.","JPMorgan Chase, PNC, Wells Fargo acted as joint lead arrangers; Morgan Stanley and Huntington as documentation agents."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":"2026-07-27","daily_digest_url":"/daily/2026-07-27","daily_digest_rank":10},{"id":724357,"accession_number":"0001104659-26-067647","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-05-28T21:21:06+00:00","items":["8.01","9.01"],"status":"ready","headline":"Target Hospitality announces $119M secondary offering by TDR Capital-controlled selling stockholders at $17.00/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling stockholders (entities controlled by TDR Capital LLP) to sell 7M shares at $17.00; gross proceeds ~$119M.","Company will not receive any proceeds from the offering.","Underwriters have 30-day option to purchase up to additional 1,050,000 shares.","Closing expected May 29, 2026; Morgan Stanley and Deutsche Bank are book-runners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":582202,"accession_number":"0001104659-26-065150","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-05-21T20:15:27+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Target Hospitality stockholders approve director slate, auditor, say-on-pay, and 4M share increase in incentive plan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six management director nominees elected with >97% approval; top vote-getter James Archer at 99.93%.","Ernst & Young ratified as independent auditor for FY2026 (99.95% for).","Say-on-pay advisory vote approved with 85.45% in favor.","Incentive Plan amendment approved, increasing share authorization by 4M to 17M total (93.12% for).","Non-employee directors awarded restricted stock units; number of units not specified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94917,"accession_number":"0001104659-26-058236","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-05-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q1 revenue up 4% but net loss widens to $13M; announces $750M AI infrastructure contract","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 revenue $72.8M (+4% YoY); net loss $13.0M (vs $6.5M); diluted EPS $(0.13); Adj EBITDA $9.9M (vs $21.6M).","New 48-month AI Infrastructure Contract: expected >$750M revenue, ~3,370 beds; net capex $200-210M; completion mid-2027.","Since Feb 2025, secured over $2.0B in multi-year contracts, ~$1.8B in Workforce Hospitality Solutions.","FY2026 guidance raised: revenue $370-380M, Adj EBITDA $75-85M, capex $460-480M; exiting 2027 annualized revenue >$680M.","Available liquidity $150M, net leverage 0.6x; Q1 capex $45.5M for WHS growth; average utilized beds 9,468 (54% utilization)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":72781000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94916,"accession_number":"0001104659-26-056643","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality appoints Paul Hohnsbeen as independent director with data center expertise","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Paul Hohnsbeen, age 70, appointed to Board effective May 5, 2026; serves on Nominating and Corporate Governance Committee.","Hohnsbeen brings deep experience in digital infrastructure, real estate, construction, and AI-enabled workflows.","CEO Brad Archer cites focus on high-growth end markets including AI-driven data center and critical infrastructure.","Hohnsbeen currently COO of Aligned Data Centers; previously VP at Equinix and executive roles at Lehman Brothers.","He will receive standard non-employee director compensation and enter indemnification agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94915,"accession_number":"0001104659-26-046359","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-04-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Selling stockholders (TDR Capital) to sell 7M shares at $14.00 in secondary offering","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Underwriters: Morgan Stanley and Deutsche Bank; co-managers include Stifel & Texas Capital.","Selling stockholders granted 30-day option for additional 1.05M shares.","Company receives no proceeds from the offering; total gross proceeds ~$98M to sellers.","Closing expected April 23, 2026, subject to customary conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94914,"accession_number":"0001104659-26-046031","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-04-21T23:59:59+00:00","items":["2.02"],"status":"ready","headline":"Target Hospitality Q1 2026 preliminary rev $70.5-72.5M; Adj EBITDA $8-9M vs $21.6M YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q1 2026 estimated revenue $70.5M-$72.5M (Q1 2025: $69.9M); net loss $14.1M-$14.7M vs $6.5M loss.","Adjusted EBITDA estimated $8M-$9M, down 58-63% from $21.6M in Q1 2025, driven by pre-opening & disposal costs.","Certain stockholders filed preliminary prospectus for underwritten secondary offering of common stock.","EBITDA reconciliation shows depreciation of specialty rental assets $15.6M, transaction expenses $0.3M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.13,"consensus_revenue_estimate":null,"consensus_revenue_actual":72781000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94913,"accession_number":"0001104659-26-038173","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-04-01T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality wins $550M+ data center hub contract with top-5 hyperscaler; raises 2026 outlook","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Multi-year agreement with top-five hyperscaler for a data center campus in North Texas; over $550M committed minimum revenue through Q1 2031.","Potential variable revenue of ~$20M-$40M annually depending on occupancy; two 2-year extension options through Jan 2035.","Construction begins immediately; first occupancy Q3 2026, full completion Q2 2027. Net capital investment ~$115M-$125M, ~80% in 2026.","2026 guidance raised: revenue $360M-$370M, Adjusted EBITDA $70M-$80M, total CapEx $220M-$240M excluding acquisitions.","Target projects annualized revenue >$500M and Adjusted EBITDA >$160M by mid-2027, assuming midpoint of variable revenue."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107625,"accession_number":"0001104659-26-026445","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"Target Hospitality extends PSU performance period for diversification EBITDA metric to Feb 2027","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Compensation Committee approved Second Amended PSU Agreement extending Diversification EBITDA Metric performance period from Feb 28, 2026 to Feb 28, 2027.","Amendment applies to 2023 PSUs granted to named executive officers and certain employees.","TSR Metric performance period previously extended to Dec 31, 2026 (disclosed Jan 2026).","Second Amended PSU Agreement is substantially similar to prior agreement and constitutes a reissuance of PSUs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107624,"accession_number":"0001104659-26-026114","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality reports FY2025 revenue $320.6M, net loss $37.1M; secures over $740M in new contracts","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $320.6M; net loss $37.1M ($0.37 loss per share); Adjusted EBITDA $53.2M.","Zero net debt; total liquidity $183M as of Dec 31, 2025.","New $129M contract (1,400 beds) supporting West Texas power/data center development.","New $23M contract (400 beds) supporting natural gas power generation near Pecos, TX.","Over $740M in multi-year contracts since Feb 2025, incl. $246M Dilley, $175M Workforce Hub."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107623,"accession_number":"0001104659-26-022898","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality grants 875K PSUs to three execs; TSR/EBITDA-based vesting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["PSU grants: Troy Schrenk (400K), Brendan Dowhaniuk (300K), Heidi Lewis (175K) under 2019 Incentive Plan.","Vesting 50% on TSR percentile rank and 50% on Adjusted EBITDA relative to targets, each 0-200% payout.","New form RSU and PSU agreements adopted February 25, 2026, substantially similar to prior forms.","RSUs vest 25% per year over four years; PSUs vest after 3 years subject to performance and service."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107622,"accession_number":"0001104659-26-007003","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-01-27T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality extends PSU TSR performance period to Dec 2026 due to 2024 take-private disruption","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Compensation Committee approved amending 2023 PSU agreements for named executive officers.","TSR performance period extended from Dec 31, 2025 to Dec 31, 2026; vesting date moved to March 1, 2027.","Diversification EBITDA award performance period remains Mar 1, 2023 through Feb 28, 2026, vesting March 1, 2026.","Amendment cites disruption from unsolicited take-private proposal in 2024 as reason for change.","Material terms otherwise substantially similar to original 2023 PSU agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107621,"accession_number":"0001104659-26-003335","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2026-01-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality appoints Cyril Hahamski as Chief Accounting Officer, effective Jan 12, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hahamski brings 25+ years experience; most recently VP at Anew Climate; will oversee accounting and reporting.","Compensation: $300k base salary, 50% target cash bonus, $150k annual LTI equity, $75k sign-on bonus.","Jason Vlacich remains CFO; steps down as CAO but continues as CFO.","Employment term Jan 12, 2026 through Dec 31, 2027, with automatic one-year renewals.","Severance includes 12-month non-compete; double-trigger change-in-control benefits."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123997,"accession_number":"0001104659-25-124455","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Target Hospitality amends ABL credit agreement to revise fixed charge coverage covenant for 2026","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Sixth Amendment to ABL Credit Agreement revised Consolidated Fixed Charge Coverage Ratio covenant for calendar year 2026.","Amendment provides additional flexibility for anticipated capital expenditures on planned growth projects.","Company reaffirms compliance with financial covenants as of amendment date (Dec 23, 2025).","Consent fee of 0.10% paid to consenting Revolver Lenders on their commitments."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123996,"accession_number":"0001104659-25-115161","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-11-24T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Target Hospitality amends bylaws to remove interested-director section","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Removed Section 7.6, which addressed contracts between the company and directors/officers under prior DGCL Section 144.","Amendment reflects recent changes to DGCL Section 144, now applying by default; separate bylaw provision eliminated.","Also incorporates ministerial, clarifying, and conforming changes to the bylaws."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123995,"accession_number":"0001712189-25-000083","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-11-17T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation to website; no details provided","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Filed under Item 7.01 for Regulation FD disclosure.","Presentation posted on November 17, 2025, at company's investor relations website.","No specific financial or operational data from the presentation included in this filing.","Forward-looking statements caution included."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123994,"accession_number":"0001104659-25-107342","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-11-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q3 net loss $0.8M; rev $99.4M; Adjusted EBITDA $21.5M vs $49.7M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $99.4M (up 4% YoY) includes $11.8M PCC contract close-out payment; utilization fell to 49% from 81%.","Net loss $0.8M vs net income $20.1M; diluted EPS ($0.01) vs $0.20; lower EBITDA due to construction costs and PCC termination.","Full-year 2025 outlook reaffirmed: revenue $310-$320M, Adjusted EBITDA $50-$60M.","Year-to-date new multi-year contracts >$455M: $246M Dilley, $166M Workforce Hub (+19%), $43M Data Center Community.","Launched Target Hyper/Scale brand for AI/data center end-market; liquidity ~$205M, zero net debt."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":230858000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140662,"accession_number":"0001712189-25-000073","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-09-16T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation to website; no material new info","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation posted on September 16, 2025 at company's investor relations site.","Includes forward-looking statements subject to cautionary language.","No specific financial updates, guidance changes, or operational metrics disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140661,"accession_number":"0001558370-25-010637","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q2 net loss $14.9M, revenue down 39% YoY; raises 2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $61.6M, down from $100.7M YoY; net loss $14.9M vs net income $18.4M YoY.","Adjusted EBITDA $3.5M vs $52.2M YoY; average utilized beds 7,482 (45% utilization) vs 14,370 (89%).","Full-year 2025 outlook raised: revenue $310-320M, Adjusted EBITDA $50-60M.","Secured $400M+ in new multi-year contracts including $246M Dilley Contract and $154M Workforce Hub.","Total available liquidity ~$170M, net leverage 0.1x."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":131503000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158395,"accession_number":"0001712189-25-000060","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-06-18T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation; no material updates provided","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Filed Form 8-K on June 18, 2025, announcing posting of investor presentation on its website.","Presentation link provided; specific content not included in the filing.","No financial figures, guidance changes, or operational updates disclosed in the 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158394,"accession_number":"0001104659-25-052003","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-05-22T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"Shareholders approve 5M share increase, elect directors, ratify auditor at Target annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected with >96% votes; say-on-pay passed 98.58%.","Stockholders approved amendment to 2019 Incentive Award Plan increasing authorized shares by 5M to 13M (98.68% for).","Ernst & Young ratified as independent auditor for FY2025 with 99.68% votes.","Non-employee directors awarded restricted stock units; vest 100% on May 22, 2026 or next annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158393,"accession_number":"0001558370-25-007963","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-05-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q1 net loss $6.5M, revenue $69.9M, reiterates FY2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $69.9M vs $106.7M prior year; net loss $6.5M vs net income $20.4M; EPS loss $0.07.","Adjusted EBITDA $21.6M vs $53.7M; decline driven by gov't segment contract terminations.","Redeemed all $181.4M 10.75% Senior Notes due 2025 on March 25, expects annual interest savings ~$19.5M.","Announced 5-year $246M Dilley Contract and multi-year $140M Workforce Hub Contract.","Reiterated FY2025 outlook: revenue $265-285M, adjusted EBITDA $47-57M; net leverage 0.1x, liquidity $169M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":69897000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158392,"accession_number":"0001712189-25-000037","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation to website; no financial details in 8-K","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Filed Item 7.01 announcing investor presentation posted May 6, 2025.","Presentation available at company's website; content not included in filing.","No earnings, guidance, or material operational data disclosed in the 8-K.","Ticker TH; NASDAQ listed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176761,"accession_number":"0001558370-25-003646","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-03-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality 2024: Revenue $386M, net income $71.4M, zero net debt, two large contract wins","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $386.3M, net income $71.4M, diluted EPS $0.70 for FY2024.","Adjusted EBITDA $196.7M, operating cash flow $152M, discretionary cash flow $131M.","Zero net debt, $366M liquidity, net leverage 0.0x as of Dec 31, 2024.","Redeemed all outstanding 10.75% Senior Notes due 2025 on March 25, 2025.","Awarded $140M Workforce Hub Contract through 2027 and $246M Dilley Contract over 5 years."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176760,"accession_number":"0001712189-25-000030","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-03-25T23:59:59+00:00","items":["1.02"],"status":"ready","headline":"Target Hospitality Corp. redeems all $181.4M of 10.75% senior secured notes due 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Redeemed all $181.4M in 10.75% Senior Secured Notes due 2025 at 101% of par plus accrued interest.","Indenture dated Nov 1, 2023 terminated effective March 25, 2025.","Funded from cash on hand and borrowings under the ABL credit facility.","Redemption eliminates future interest expense at 10.75%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176759,"accession_number":"0001104659-25-021162","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-03-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Target Hospitality signs 5-year, $246M+ contract with CoreCivic to reactivate Dilley Facility","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Five-year lease and services agreement with CoreCivic, expected revenue over $246M through March 2030.","Approximately $30M revenue anticipated in 2025; facility can support up to 2,400 individuals.","No capital investment required; economic structure includes fixed minimum revenue regardless of occupancy.","Contract subject to annual U.S. government appropriations and 60-day cancellation for convenience.","Reactivation of assets that previously operated from Sept 2014 to Aug 2024 as South Texas Family Residential Center."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176758,"accession_number":"0001104659-25-019190","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-02-28T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"Target Hospitality extends ABL springing maturity to Mar 31; awards CEO 2M PSUs","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fourth and Fifth Amendments to ABL credit agreement pushed springing maturity date from March 15 to March 31, 2025 if 2025 Senior Secured Notes remain outstanding.","Compensation Committee adopted new form RSU/PSU agreements and amended 2019 Incentive Plan to increase shares authorized, subject to shareholder approval.","CEO James B. Archer granted 2,000,000 performance-stock units (PSUs) vesting June 30, 2028 based on stock price thresholds from $20 to $30 per share.","CAO Jason Vlacich granted 600,000 PSUs on same terms; settlement in stock contingent on shareholder approval of share increase, else cash."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176757,"accession_number":"0001712189-25-000004","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality loses Pecos Children's Center contract; withdraws 2025 outlook","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received notice U.S. government intends to terminate PCC services agreement with NP Partner effective Feb 21, 2025.","PCC contract supported up to 6,000 individuals; Target retains ownership of modular assets and real property.","Withdrawing previously issued preliminary 2025 financial outlook due to contract termination.","Actively re-marketing assets and pursuing other growth opportunities, including Dilley, Texas assets.","Company expects to provide operational and financial updates giving effect to termination in near term."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":176756,"accession_number":"0001712189-25-000002","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality signs $140M multi-year contract with Lithium Americas for Nevada workforce hub; provides 2025 outlook","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Multi-year construction and services agreement with Lithium Americas to support Thacker Pass lithium project.","Workforce Hub near Winnemucca, NV will house up to 2,000 individuals; first occupancy mid-2025, completion by year-end 2025.","Total expected revenue ~$140M over initial term with ~$76M committed minimum (~$68M in 2025).","Company plans $15-20M growth capital for regional network expansion.","Preliminary 2025 outlook: revenue $385-395M, adjusted EBITDA $150-160M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193579,"accession_number":"0001712189-24-000085","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-11-22T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation; no specific data disclosed in 8-K","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation posted on Nov 22, 2024, on Target Hospitality's investor relations website.","Filing provides no financial figures, guidance changes, or operational updates.","Presentation contains forward-looking statements subject to cautionary language."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193578,"accession_number":"0001712189-24-000082","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality extends Pecos Children's Center contract, reaffirms 2024 outlook","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["PCC contract extended for fifth consecutive year, effective Nov 16, 2024; capacity up to 6,000 individuals.","Annual minimum lease revenue of approximately $168 million; additional variable revenue possible.","Company reaffirms its previously announced 2024 financial outlook; no changes reported.","Engaged Carla L. Provost, former Chief of U.S. Border Patrol, as strategic advisor for government growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193577,"accession_number":"0001558370-24-015144","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q3 revenue falls 35% to $95.2M; adjusted EBITDA down 48%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $20.1M ($0.20 diluted EPS) vs $45.6M ($0.43) YoY; adjusted EBITDA $49.7M vs $95.0M.","Utilization dropped to 81% from 89%; average utilized beds 13,138 vs 14,508, driven by PCC amortization end and STFRC contract termination.","Cash position $178M; total liquidity ~$353M; net leverage 0.0x; zero net debt target reaffirmed for year-end 2024.","Year-to-date through Nov 8, repurchased 3.8M shares for $33.2M under $100M buyback program.","2024 outlook reaffirmed: revenue $375-385M, adjusted EBITDA $184-190M, capex $25-30M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.58,"consensus_revenue_estimate":null,"consensus_revenue_actual":302584000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193576,"accession_number":"0001104659-24-113082","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["5.03","9.01"],"status":"ready","headline":"Target Hospitality adopts Fourth Amended and Restated Bylaws","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Bylaws amended on Oct 30, 2024; effective immediately.","Specifies who may preside over stockholder meetings.","Clarifies procedural mechanics for stockholder nominations and proposals.","Also includes ministerial, clarifying, and conforming changes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209886,"accession_number":"0001104659-24-102579","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-09-25T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality disbands Special Committee, ends evaluation of TDR's $10.80/share takeover offer","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board disbands Special Committee created to evaluate unsolicited $10.80/share cash offer from Arrow (TDR) made March 24, 2024.","No formal offers received after loss of a contract; Arrow did not reaffirm or advance alternative proposal.","Company reaffirms 2024 guidance outlook based on year-to-date operating results and strong fundamentals.","Focus shifts to capital allocation for high-return initiatives, including in-organic growth and M&A pipeline.","Cannot predict future actions from Arrow, TDR, or others regarding a potential acquisition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209885,"accession_number":"0001558370-24-011198","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-08-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q2 net income $18.4M, revenue $100.7M, down YoY; reiterates 2024 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $100.7M, down 30% YoY from $143.6M; net income $18.4M ($0.18 EPS) vs $46.5M ($0.46).","Adjusted EBITDA $52.2M, down 43% from $90.9M; utilization 89% vs 91% in prior year quarter.","Cash and equivalents $154M; total liquidity ~$329M; net leverage 0.1x; no borrowings on $175M credit facility.","Company reiterates FY 2024 outlook: revenue $375-385M, adjusted EBITDA $184-190M, zero net debt by year end.","Special committee continues review of TDR Capital proposal at $10.80/share; no decision reached; STFRC contract termination effective Aug 9."],"consensus_eps_estimate":null,"consensus_eps_actual":0.38,"consensus_revenue_estimate":null,"consensus_revenue_actual":207393000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":228086,"accession_number":"0001712189-24-000079","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-06-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Target Hospitality revises 2024 outlook after U.S. ends STFRC contract; revenue guidance cut to $375-385M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["U.S. government terminated South Texas Family Residential Center contract, effective Aug 9, 2024; contract contributed ~$55.9M revenue in 2023.","Revised 2024 outlook: revenue $375-385M, Adjusted EBITDA $184-190M, capex $25-30M.","Anticipates zero net debt by year-end 2024 and >$350M total available liquidity; as of May 31, had $147M cash and $322M liquidity.","Pecos Children's Center contract renewal expected in Nov 2024, but company excludes incremental variable revenue from guidance.","TDR proposal at $10.80/share remains under review by Special Committee; no decision announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":228085,"accession_number":"0001712189-24-000077","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-06-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Target Hospitality receives U.S. government notice to terminate STFRC contract; effective Aug 9, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["U.S. government intends to terminate South Texas Family Residential Center services agreement with Target's migrant programming partner in 60 days.","Target's STFRC Contract with partner will terminate concurrently on or about August 9, 2024.","Target retains ownership of the modular assets and can redeploy them to other segments.","Company plans to provide financial and operational updates reflecting the termination before June 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":228084,"accession_number":"0001712189-24-000062","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-05-24T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Target Hospitality shareholders re-elect seven directors, ratify EY, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All seven director nominees elected with 95.73% to 99.94% of votes cast.","Ernst & Young ratified as independent auditor for FY2024 with 99.99% of votes cast.","Say-on-pay advisory proposal approved with 98.75% of votes cast.","Shareholders voted for an annual advisory vote on executive compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":228083,"accession_number":"0001558370-24-007182","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality Q1 revenue $106.7M, net income $20.4M; receives $10.80/share acquisition proposal from TDR","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $106.7M, down 27.8% YoY; net income $20.4M ($0.20/share) vs $43.8M ($0.38).","Adjusted EBITDA $53.7M vs $90.6M; declines due to non-recurring PCC infrastructure amortization fully amortized in Nov 2023.","Reiterated FY2024 outlook: revenue $410-425M, Adj. EBITDA $195-210M, capex $25-30M.","Received unsolicited $10.80/share acquisition proposal from Arrow (TDR Capital); special committee formed to evaluate.","Balance sheet: $124M cash, $299M liquidity, net leverage 0.2x; repurchased 2.3M shares for $21.2M in Q1."],"consensus_eps_estimate":null,"consensus_eps_actual":0.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":106672000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246847,"accession_number":"0001712189-24-000046","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-03-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Target Hospitality receives unsolicited buyout offer of $10.80 per share from TDR Capital affiliate","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Arrow Holdings, TDR Capital affiliate, offers $10.80 per share for all outstanding shares not owned by TDR or its funds.","Board plans to form a special committee of independent directors with independent advisors to evaluate the proposal.","Proposal is unsolicited and non-binding; no assurance that any transaction will be approved or consummated.","Target Hospitality provides vertically integrated modular accommodations and hospitality services (NASDAQ: TH)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246846,"accession_number":"0001558370-24-003043","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-03-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Target Hospitality FY2023 revenue up 12% to $563.6M; net income $173.7M; new PCC contract through 2028","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $563.6M in FY2023, up 12% from prior year; Adjusted EBITDA $344.2M, up 30%.","Net income $173.7M vs. $73.9M; diluted EPS $1.56.","New Pecos Children's Center contract with $178M minimum annual revenue commitments through 2028.","Total available liquidity ~$279M; net leverage ratio 0.2x as of Dec 31, 2023.","Executed ~$17.8M in stock repurchases through March 8, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246845,"accession_number":"0001712189-24-000028","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-03-05T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality enters amended employment agreements for CEO Archer and EVP/GC Lewis with extended terms through 2027","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Archer: base salary $850K, target bonus 133% of salary, LTIP equity target $1.9M; term through Dec 2027 with auto-renew.","EVP/GC Lewis: base salary $375K, target bonus 75% of salary, LTIP equity target $350K; same term structure.","Severance: Archer receives 125% of base+bonus on non-cause termination; change-in-control triggers 250% plus 18 months health coverage.","New form 2024 Executive RSU and PSU agreements adopted; PSU vesting tied to TSR and Diversification EBITDA with 0-200% payout range.","Lewis severance: 100% of base+bonus on non-cause termination; change-in-control provides 200% plus 18 months health coverage."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246842,"accession_number":"0001712189-24-000034","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K/A","filed_at":"2024-03-05T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality discloses compensation for promoted CFO Vlacich and EVP Schrenk","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jason Vlacich promoted to CFO/CAO; employment agreement details base salary $410k, target bonus 85%, annual LTI $450k, one-time $150k RSU grant.","Troy Schrenk promoted to Senior EVP Operations and CCO; base salary $400k, target bonus 85%, annual LTI $550k.","Both agreements run through Dec 31, 2027 with automatic 12-month renewals unless non-renewal notice given 120 days prior.","Severance: 100% of base salary plus target bonus upon non-cause termination; 200% upon termination within 12 months of change of control.","This 8-K/A amendment adds compensation terms not available in the original Jan 23, 2024 filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246844,"accession_number":"0001712189-24-000005","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-02-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality appoints John C. Dorman to board; Joy Berry resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John C. Dorman appointed independent director effective February 16, 2024.","Dorman will serve on Nominating/Corporate Governance and Audit Committees.","Joy Berry resigned as director on February 16, 2024; no disagreement cited.","Dorman brings 40+ years fintech experience, previously CEO of Digital Insight and Treasury Services.","Board changes are part of growth strategy to diversify customers and end markets."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246841,"accession_number":"0001104659-24-007755","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K/A","filed_at":"2024-01-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Target Hospitality discloses CFO Eric Kalamaras departure terms; $814K severance plus equity vesting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Eric Kalamaras departed Jan 22, 2024; severance paid in installments over 12 months.","Severance payment of $814,507 equals one year base salary plus target bonus.","COBRA premium reimbursement of $25,538; prorated 2024 bonus based on actual performance.","Unvested equity awards continue to vest during the 12-month severance period.","2023 bonus paid at same time as other senior executives, no later than Mar 15, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246843,"accession_number":"0001712189-24-000003","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2024-01-23T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"CFO departs; Vlacich promoted to CFO, Schrenk to Senior EVP; reaffirms outlook","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CFO Eric T. Kalamaras departs effective Jan 22, 2024; departure is mutual, not due to any disagreement with company or auditors.","Jason Vlacich promoted to CFO and CAO effective Jan 23; base salary $410k, 85% target bonus, $450k annual award, $150k RSU grant.","Troy Schrenk promoted to Senior EVP Operations & CCO; base salary $400k, $550k annual award.","Company reaffirms full year 2023 and preliminary 2024 financial outlook, as provided with $3.3B Pecos contract award in Dec 2023.","Both promotions align with recent transformational multi-year humanitarian contract; teams remain intact for seamless transition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264292,"accession_number":"0001712189-23-000088","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2023-12-13T23:59:59+00:00","items":["5.02","7.01","8.01","9.01"],"status":"ready","headline":"Target Hospitality announces $3.3B potential contract at Pecos; issues lower 2024 guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New PCC contract provides ~$178M minimum annual lease revenue; total potential $1.7B through 2028, plus up to $3.3B including occupancy-based revenue.","2023 outlook: revenue $550-560M, adjusted EBITDA $330-340M; approaching zero net debt by year end.","Preliminary 2024 outlook: revenue $410-425M, adjusted EBITDA $195-210M, down significantly from 2023.","EVP Operations J. Travis Kelley resigned effective Dec 11 for personal reasons, no disagreement.","Non-cash infrastructure revenue amortization of ~$117M in 2023 will not recur under new contract."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":264291,"accession_number":"0001712189-23-000085","cik":1712189,"company_name":"Target Hospitality Corp.","ticker":"TH","form_type":"8-K","filed_at":"2023-11-24T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"Target Hospitality posts investor presentation to website on Nov 24, 2023","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation posted at https://investors.targethospitality.com/presentations-and-events/presentations.","Slides contain forward-looking statements with cautionary language.","No specific financial or operational updates disclosed in the 8-K filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":1740847553.2329516,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-11-24T23:59:59+00:00|264291"}