---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014074"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:43:38.368302+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality Q2 revenue $143.6M (+31%), net income $46.5M, record Adj. EBITDA $90.9M

## Summary
- Revenue $143.6M (+31% YoY); net income $46.5M vs $22.9M; diluted EPS $0.44.
- Record Adjusted EBITDA $90.9M (+62% YoY); net cash from ops $379M TTM; liquidity ~$195M.
- Acquired strategic humanitarian assets; government seeks ICF capacity to ~10,000 beds.
- Submitted bids supporting ~$1.0B capital deployment for ICF sites; strategic partnership formed.
- Net leverage ratio 0.4x; strong balance sheet and financial flexibility.

## SEC filing metadata
- accession: 0001558370-23-014074
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000155837023014074/0001558370-23-014074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000155837023014074/th-20230809x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014074
- JSON: https://secwatch.observer/filing/0001558370-23-014074.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014074.txt

## Key facts
- Earnings Releases
  Target Hospitality Corp. reported three months ended June 30, 2023 results: revenue $143.6 million, net income $46.5 million, EPS $0.46 and $0.44, respectively.
  - Period: three months ended June 30, 2023
  - Revenue: $143.6 million
  - Net income: $46.5 million
  - EPS: $0.46 and $0.44, respectively
  - Result: reported results
  source text: hospitality services, today reported results for the three months ended June 30, 2023. ​ Financial and Operational Highlights ​ ● Second quarter 2023 revenue increased 31% to $143.6 million compared to the same period in 2022 ● Net income of $46.5 million for the three months ended June 30, 2023, compared to $22.9 million for the same period in 2022 ● Basic and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712189/000155837023014074/0001558370-23-014074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.