Target Hospitality Q3 net income $45.6M, Adj. EBITDA $95M; wins Pecos contract

Target Hospitality Corp.

2023-Q3 EPS reported $1.27 revenue$437,388,000

Revenue $145.9M vs $159.6M YoY; net income $45.6M vs $19.0M; diluted EPS $0.43.
Adjusted EBITDA $95.0M (+13% YoY); DCF $153M TTM; liquidity ~$230M; net leverage 0.3x.
Expanded credit facility by $50M to $175M; exchanged 9.50% Senior Notes for 10.75% Senior Notes due 2025.
Anticipates available liquidity >$315M by year-end 2023; progress toward net-debt free.
Awarded contract for Influx Care Facility at Pecos Children's Center with existing non-profit partner.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Target Hospitality Corp. reported the three months ended September 30, 2023 results: revenue $145.9 million, net income $45.6 million, EPS $0.45 and $0.43.

Period: the three months ended September 30, 2023
Revenue: $145.9 million
Net income: $45.6 million
EPS: $0.45 and $0.43
Result: reported results

Exact text from the filing

value-added hospitality services, today reported results for the three months ended September 30, 2023. Financial and Operational Highlights ● Third quarter 2023 revenue of $145.9 million compared to $159.6 million for the same period in 2022 ● Net income of $45.6 million for the three months ended September 30, 2023, compared to $19.0 million for the same period

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Source: SEC EDGAR

accession 0001558370-23-018117

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