secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001104659-26-046031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926046031/0001104659-26-046031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926046031/tm269315d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-046031

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