---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-003043"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:24:33.672864+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality FY2023 revenue up 12% to $563.6M; net income $173.7M; new PCC contract through 2028

## Summary
- Revenue $563.6M in FY2023, up 12% from prior year; Adjusted EBITDA $344.2M, up 30%.
- Net income $173.7M vs. $73.9M; diluted EPS $1.56.
- New Pecos Children's Center contract with $178M minimum annual revenue commitments through 2028.
- Total available liquidity ~$279M; net leverage ratio 0.2x as of Dec 31, 2023.
- Executed ~$17.8M in stock repurchases through March 8, 2024.

## SEC filing metadata
- accession: 0001558370-24-003043
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2024-03-13T23:59:59+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/1712189/000155837024003043/0001558370-24-003043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000155837024003043/th-20240313x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-003043
- JSON: https://secwatch.observer/filing/0001558370-24-003043.json
- Plain text: https://secwatch.observer/filing/0001558370-24-003043.txt

## Key facts
- Earnings Releases
  Target Hospitality Corp. reported the fiscal year ended December 31, 2023 results: revenue $563.6 million, net income $173.7 million, EPS $1.71 and $1.56, respectively, for the year ended December 31, 2023.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $563.6 million
  - Net income: $173.7 million
  - EPS: $1.71 and $1.56, respectively, for the year ended December 31, 2023
  - Result: reported results
  source text: and value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2023. ​ Financial and Operational Highlights ​ ● Revenue of $563.6 million for the year ended December 31, 2023, an increase of 12% from the prior year. ● Net income of $173.7 million for the year ended December 31, 2023, compared to $73.9 million for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1712189/000155837024003043/0001558370-24-003043-index.htm

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