Target Hospitality extends Pecos Children's Center contract, reaffirms 2024 outlook

Target Hospitality Corp.

PCC contract extended for fifth consecutive year, effective Nov 16, 2024; capacity up to 6,000 individuals.
Annual minimum lease revenue of approximately $168 million; additional variable revenue possible.
Company reaffirms its previously announced 2024 financial outlook; no changes reported.
Engaged Carla L. Provost, former Chief of U.S. Border Patrol, as strategic advisor for government growth.

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