{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-003382","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.271435+00:00","generated_at":"2026-06-18T05:36:40.861625+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Target Hospitality reports record FY2022 revenue of $502M, net income of $73.9M","bullets":["Record revenue $502.0M, up 72% YoY; net income $73.9M vs net loss $4.6M in 2021.","Adjusted EBITDA $264.7M, up 122% YoY; net cash from ops $305.6M.","Total available liquidity >$307M, net leverage 0.6x as of Dec 31, 2022.","72% of 2022 revenue from committed US government contracts; 17% increase in utilized beds YoY.","Post-period: amended/ extended ABL facility; announced partial redemption of 9.5% Senior Secured Notes due 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-003382","json":"https://secwatch.observer/filing/0001558370-23-003382.json","markdown":"https://secwatch.observer/filing/0001558370-23-003382.md","text":"https://secwatch.observer/filing/0001558370-23-003382.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000155837023003382/0001558370-23-003382-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000155837023003382/th-20230310x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:36:40.861625+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e54b2f3a2343d168476499f7823732ebc11f061a","claim":"Target Hospitality Corp. reported fourth quarter and year ended December 31, 2022 results: revenue Record revenue of $502.0 million, net income Net income of $73.9 million, EPS Basic and diluted income per share of $0.76 and $0.74, respectively.","evidence_excerpt":"value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2022. ​ Financial and Operational Highlights ​ ● Record revenue of $502.0 million for year ended December 31, 2022, an increase of 72% year-over-year ● Net income of $73.9 million for year ended December 31, 2022, compared to net loss of $4.6 million for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1712189/000155837023003382/0001558370-23-003382-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2022"},{"label":"Revenue","value":"Record revenue of $502.0 million"},{"label":"Net income","value":"Net income of $73.9 million"},{"label":"EPS","value":"Basic and diluted income per share of $0.76 and $0.74, respectively"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}