secwatch.observer — SEC 8-K summary
======================================

Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2026-08-26T10:49:18+00:00
Accession:  0001104659-26-101033
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926101033/0001104659-26-101033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000110465926101033/tm2624024d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-101033

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