{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-007963","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2025-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.440066+00:00","generated_at":"2026-05-21T01:50:21.628490+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Target Hospitality Q1 net loss $6.5M, revenue $69.9M, reiterates FY2025 guidance","bullets":["Revenue $69.9M vs $106.7M prior year; net loss $6.5M vs net income $20.4M; EPS loss $0.07.","Adjusted EBITDA $21.6M vs $53.7M; decline driven by gov't segment contract terminations.","Redeemed all $181.4M 10.75% Senior Notes due 2025 on March 25, expects annual interest savings ~$19.5M.","Announced 5-year $246M Dilley Contract and multi-year $140M Workforce Hub Contract.","Reiterated FY2025 outlook: revenue $265-285M, adjusted EBITDA $47-57M; net leverage 0.1x, liquidity $169M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-007963","json":"https://secwatch.observer/filing/0001558370-25-007963.json","markdown":"https://secwatch.observer/filing/0001558370-25-007963.md","text":"https://secwatch.observer/filing/0001558370-25-007963.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000155837025007963/0001558370-25-007963-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000155837025007963/th-20250519x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T01:50:21.628490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}