---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018117"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:48:02.542331+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-018117
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000155837023018117/0001558370-23-018117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000155837023018117/th-20231108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018117
- JSON: https://secwatch.observer/filing/0001558370-23-018117.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018117.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712189/000155837023018117/0001558370-23-018117-index.htm

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