secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001558370-23-018117
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023018117/0001558370-23-018117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023018117/th-20231108x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-018117

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