Target Hospitality Q1 2026 preliminary rev $70.5-72.5M; Adj EBITDA $8-9M vs $21.6M YoY

Target Hospitality Corp.

2026-Q1 EPS reported -$0.13 revenue$72,781,000

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.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Target Hospitality Corp. reported the three-month period ended March 31, 2026 results: revenue $ 70,500 $ 72,500, net income $ (14,693 ) $ (14,093 ).

Period: the three-month period ended March 31, 2026
Revenue: $ 70,500 $ 72,500
Net income: $ (14,693 ) $ (14,093 )
Result: preliminary results

Exact text from the filing

The following tables provide detail on the Company’s preliminary unaudited estimated financial results as of and for the three-month period ended March 31, 2026 and actual unaudited financial results for the three-month period ended March 31, 2025, and reconcile EBITDA and Adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure. For the period ended March 31, 2026 March 31, 2025 ($ in thousands) (unaudited) Estimated Actual Low High Total revenue $ 70,500 $ 72,500 $ 69,897 Net loss $ (14,693 ) $ (14,093 ) $ (6,459 )

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Source: SEC EDGAR

accession 0001104659-26-046031

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