---
schema_version: "secwatch.filing_event.v1"
accession: "0001712189-24-000079"
form_type: "8-K"
ticker: "TH"
cik: "0001712189"
company_name: "Target Hospitality Corp."
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:04:05.730005+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Target Hospitality revises 2024 outlook after U.S. ends STFRC contract; revenue guidance cut to $375-385M

## Summary
- U.S. government terminated South Texas Family Residential Center contract, effective Aug 9, 2024; contract contributed ~$55.9M revenue in 2023.
- Revised 2024 outlook: revenue $375-385M, Adjusted EBITDA $184-190M, capex $25-30M.
- Anticipates zero net debt by year-end 2024 and >$350M total available liquidity; as of May 31, had $147M cash and $322M liquidity.
- Pecos Children's Center contract renewal expected in Nov 2024, but company excludes incremental variable revenue from guidance.
- TDR proposal at $10.80/share remains under review by Special Committee; no decision announced.

## SEC filing metadata
- accession: 0001712189-24-000079
- form_type: 8-K
- ticker: TH
- cik: 0001712189
- company_name: Target Hospitality Corp.
- filed_at: 2024-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712189/000171218924000079/0001712189-24-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712189/000171218924000079/th8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001712189-24-000079
- JSON: https://secwatch.observer/filing/0001712189-24-000079.json
- Plain text: https://secwatch.observer/filing/0001712189-24-000079.txt

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