---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-011198"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:49:39.461562+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality Q2 net income $18.4M, revenue $100.7M, down YoY; reiterates 2024 outlook

## Summary
- Revenue $100.7M, down 30% YoY from $143.6M; net income $18.4M ($0.18 EPS) vs $46.5M ($0.46).
- Adjusted EBITDA $52.2M, down 43% from $90.9M; utilization 89% vs 91% in prior year quarter.
- Cash and equivalents $154M; total liquidity ~$329M; net leverage 0.1x; no borrowings on $175M credit facility.
- Company reiterates FY 2024 outlook: revenue $375-385M, adjusted EBITDA $184-190M, zero net debt by year end.
- Special committee continues review of TDR Capital proposal at $10.80/share; no decision reached; STFRC contract termination effective Aug 9.

## SEC filing metadata
- accession: 0001558370-24-011198
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000155837024011198/0001558370-24-011198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000155837024011198/th-20240807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-011198
- JSON: https://secwatch.observer/filing/0001558370-24-011198.json
- Plain text: https://secwatch.observer/filing/0001558370-24-011198.txt

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