Target Hospitality lands $250M hyperscaler data center contract; raises FY2026 revenue/EBITDA outlook

Target Hospitality Corp.

Multi-year lease/services deal with top-five hyperscaler for ~1,100-person data center community in Pecos, TX; ~$250M revenue through Aug 2030.
FY2026 guidance raised: revenue to $435-445M (midpoint +6%); Adjusted EBITDA to $105-115M (midpoint +22%).
Capital-light: <$15M capex by repurposing under-utilized assets; initial occupancy Aug 2026, full completion Sept 2026; 4-year term, 60-day customer termination notice.
WHS segment secured >$1.7B multi-year contract awards since Jan 2026; targets >$750M annualized revenue and >$300M Adjusted EBITDA exiting 2027.

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