secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-03-11T23:59:59+00:00
Accession:  0001104659-26-026114
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality reports FY2025 revenue $320.6M, net loss $37.1M; secures over $740M in new contracts
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926026114/0001104659-26-026114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926026114/th-20260311x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-026114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer