secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001558370-25-010637
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality Q2 net loss $14.9M, revenue down 39% YoY; raises 2025 guidance
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- Revenue $61.6M, down from $100.7M YoY; net loss $14.9M vs net income $18.4M YoY.
- Adjusted EBITDA $3.5M vs $52.2M YoY; average utilized beds 7,482 (45% utilization) vs 14,370 (89%).
- Full-year 2025 outlook raised: revenue $310-320M, Adjusted EBITDA $50-60M.
- Secured $400M+ in new multi-year contracts including $246M Dilley Contract and $154M Workforce Hub.
- Total available liquidity ~$170M, net leverage 0.1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000155837025010637/0001558370-25-010637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000155837025010637/th-20250807x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-010637

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer