Target Hospitality loses Pecos Children's Center contract; withdraws 2025 outlook

Target Hospitality Corp.

Received notice U.S. government intends to terminate PCC services agreement with NP Partner effective Feb 21, 2025.
PCC contract supported up to 6,000 individuals; Target retains ownership of modular assets and real property.
Withdrawing previously issued preliminary 2025 financial outlook due to contract termination.
Actively re-marketing assets and pursuing other growth opportunities, including Dilley, Texas assets.
Company expects to provide operational and financial updates giving effect to termination in near term.

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