{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-107342","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2025-11-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.235392+00:00","generated_at":"2026-05-16T23:50:19.430033+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Target Hospitality Q3 net loss $0.8M; rev $99.4M; Adjusted EBITDA $21.5M vs $49.7M","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-107342","json":"https://secwatch.observer/filing/0001104659-25-107342.json","markdown":"https://secwatch.observer/filing/0001104659-25-107342.md","text":"https://secwatch.observer/filing/0001104659-25-107342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000110465925107342/0001104659-25-107342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000110465925107342/th-20251106x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:50:19.430033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}