Highest-materiality recent filing
Target Hospitality Q2 revenue +39% to $85.5M, raises FY26 outlook
Revenue $85.5M, up 39% YoY; net loss $9.0M ($0.09 loss/share) vs $14.9M loss prior year.
Target Hospitality appoints Margaret Smyth and Erich Sanchack as independent directors
Margaret (Peggy) Smyth, age 62, appointed to Board and Audit Committee, effective August 4, 2026.
Target Hospitality closes new $660M ABL facility, replacing $175M prior credit line
New $660M asset-based revolving credit facility matures July 2031, nearly quadrupling prior $175M capacity.
Selling stockholders (entities controlled by TDR Capital LLP) to sell 7M shares at $17.00; gross proceeds ~$119M.
All six management director nominees elected with >97% approval; top vote-getter James Archer at 99.93%.
Q1 revenue $72.8M (+4% YoY); net loss $13.0M (vs $6.5M); diluted EPS $(0.13); Adj EBITDA $9.9M (vs $21.6M).
Target Hospitality appoints Paul Hohnsbeen as independent director with data center expertise
Paul Hohnsbeen, age 70, appointed to Board effective May 5, 2026; serves on Nominating and Corporate Governance Committee.
Selling stockholders (TDR Capital) to sell 7M shares at $14.00 in secondary offering
Underwriters: Morgan Stanley and Deutsche Bank; co-managers include Stifel & Texas Capital.
Target Hospitality Q1 2026 preliminary rev $70.5-72.5M; Adj EBITDA $8-9M vs $21.6M YoY
Q1 2026 estimated revenue $70.5M-$72.5M (Q1 2025: $69.9M); net loss $14.1M-$14.7M vs $6.5M loss.
Target Hospitality wins $550M+ data center hub contract with top-5 hyperscaler; raises 2026 outlook
Multi-year agreement with top-five hyperscaler for a data center campus in North Texas; over $550M committed minimum revenue through Q1 2031.
Revenue $320.6M; net loss $37.1M ($0.37 loss per share); Adjusted EBITDA $53.2M.
Target Hospitality extends PSU performance period for diversification EBITDA metric to Feb 2027
Compensation Committee approved Second Amended PSU Agreement extending Diversification EBITDA Metric performance period from Feb 28, 2026 to Feb 28, 2027.
Target Hospitality grants 875K PSUs to three execs; TSR/EBITDA-based vesting
PSU grants: Troy Schrenk (400K), Brendan Dowhaniuk (300K), Heidi Lewis (175K) under 2019 Incentive Plan.
Compensation Committee approved amending 2023 PSU agreements for named executive officers.
Target Hospitality appoints Cyril Hahamski as Chief Accounting Officer, effective Jan 12, 2026
Hahamski brings 25+ years experience; most recently VP at Anew Climate; will oversee accounting and reporting.
Target Hospitality amends ABL credit agreement to revise fixed charge coverage covenant for 2026
Sixth Amendment to ABL Credit Agreement revised Consolidated Fixed Charge Coverage Ratio covenant for calendar year 2026.
Target Hospitality amends bylaws to remove interested-director section
Removed Section 7.6, which addressed contracts between the company and directors/officers under prior DGCL Section 144.
Target Hospitality posts investor presentation to website; no details provided
Filed under Item 7.01 for Regulation FD disclosure.
Target Hospitality Q3 net loss $0.8M; rev $99.4M; Adjusted EBITDA $21.5M vs $49.7M
Revenue $99.4M (up 4% YoY) includes $11.8M PCC contract close-out payment; utilization fell to 49% from 81%.
Target Hospitality posts investor presentation to website; no material new info
Presentation posted on September 16, 2025 at company's investor relations site.
Target Hospitality Q2 net loss $14.9M, revenue down 39% YoY; raises 2025 guidance
Revenue $61.6M, down from $100.7M YoY; net loss $14.9M vs net income $18.4M YoY.
Target Hospitality posts investor presentation; no material updates provided
Filed Form 8-K on June 18, 2025, announcing posting of investor presentation on its website.
Shareholders approve 5M share increase, elect directors, ratify auditor at Target annual meeting
All six director nominees elected with >96% votes; say-on-pay passed 98.58%.
Target Hospitality Q1 net loss $6.5M, revenue $69.9M, reiterates FY2025 guidance
Revenue $69.9M vs $106.7M prior year; net loss $6.5M vs net income $20.4M; EPS loss $0.07.
Target Hospitality posts investor presentation to website; no financial details in 8-K
Filed Item 7.01 announcing investor presentation posted May 6, 2025.
Target Hospitality 2024: Revenue $386M, net income $71.4M, zero net debt, two large contract wins
Revenue $386.3M, net income $71.4M, diluted EPS $0.70 for FY2024.
Target Hospitality Corp. redeems all $181.4M of 10.75% senior secured notes due 2025
Redeemed all $181.4M in 10.75% Senior Secured Notes due 2025 at 101% of par plus accrued interest.
Target Hospitality signs 5-year, $246M+ contract with CoreCivic to reactivate Dilley Facility
Five-year lease and services agreement with CoreCivic, expected revenue over $246M through March 2030.
Target Hospitality extends ABL springing maturity to Mar 31; awards CEO 2M PSUs
Fourth and Fifth Amendments to ABL credit agreement pushed springing maturity date from March 15 to March 31, 2025 if 2025 Senior Secured Notes remain outstanding.
Target Hospitality loses Pecos Children's Center contract; withdraws 2025 outlook
Received notice U.S. government intends to terminate PCC services agreement with NP Partner effective Feb 21, 2025.
Multi-year construction and services agreement with Lithium Americas to support Thacker Pass lithium project.
Target Hospitality posts investor presentation; no specific data disclosed in 8-K
Presentation posted on Nov 22, 2024, on Target Hospitality's investor relations website.
Target Hospitality extends Pecos Children's Center contract, reaffirms 2024 outlook
PCC contract extended for fifth consecutive year, effective Nov 16, 2024; capacity up to 6,000 individuals.
Target Hospitality Q3 revenue falls 35% to $95.2M; adjusted EBITDA down 48%
Net income of $20.1M ($0.20 diluted EPS) vs $45.6M ($0.43) YoY; adjusted EBITDA $49.7M vs $95.0M.
Target Hospitality adopts Fourth Amended and Restated Bylaws
Bylaws amended on Oct 30, 2024; effective immediately.
Target Hospitality disbands Special Committee, ends evaluation of TDR's $10.80/share takeover offer
Board disbands Special Committee created to evaluate unsolicited $10.80/share cash offer from Arrow (TDR) made March 24, 2024.
Target Hospitality Q2 net income $18.4M, revenue $100.7M, down YoY; reiterates 2024 outlook
Revenue $100.7M, down 30% YoY from $143.6M; net income $18.4M ($0.18 EPS) vs $46.5M ($0.46).
U.S. government terminated South Texas Family Residential Center contract, effective Aug 9, 2024; contract contributed ~$55.9M revenue in 2023.
U.S. government intends to terminate South Texas Family Residential Center services agreement with Target's migrant programming partner in 60 days.
Target Hospitality shareholders re-elect seven directors, ratify EY, approve say-on-pay
All seven director nominees elected with 95.73% to 99.94% of votes cast.
Revenue $106.7M, down 27.8% YoY; net income $20.4M ($0.20/share) vs $43.8M ($0.38).
Target Hospitality receives unsolicited buyout offer of $10.80 per share from TDR Capital affiliate
Arrow Holdings, TDR Capital affiliate, offers $10.80 per share for all outstanding shares not owned by TDR or its funds.
Revenue $563.6M in FY2023, up 12% from prior year; Adjusted EBITDA $344.2M, up 30%.
Target Hospitality discloses compensation for promoted CFO Vlacich and EVP Schrenk
Jason Vlacich promoted to CFO/CAO; employment agreement details base salary $410k, target bonus 85%, annual LTI $450k, one-time $150k RSU grant.
CEO Archer: base salary $850K, target bonus 133% of salary, LTIP equity target $1.9M; term through Dec 2027 with auto-renew.
Target Hospitality appoints John C. Dorman to board; Joy Berry resigns
John C. Dorman appointed independent director effective February 16, 2024.
Target Hospitality discloses CFO Eric Kalamaras departure terms; $814K severance plus equity vesting
CFO Eric Kalamaras departed Jan 22, 2024; severance paid in installments over 12 months.
CFO departs; Vlacich promoted to CFO, Schrenk to Senior EVP; reaffirms outlook
CFO Eric T. Kalamaras departs effective Jan 22, 2024; departure is mutual, not due to any disagreement with company or auditors.
Target Hospitality announces $3.3B potential contract at Pecos; issues lower 2024 guidance
New PCC contract provides ~$178M minimum annual lease revenue; total potential $1.7B through 2028, plus up to $3.3B including occupancy-based revenue.
Target Hospitality posts investor presentation to website on Nov 24, 2023
Presentation posted at https://investors.targethospitality.com/presentations-and-events/presentations.
On May 5, 2026, the Board of Directors (the “ Board ”) of Target Hospitality Corp. (the “ Company ”) appointed Paul Hohnsbeen, age 70, to serve as a member of the Board, effective immediately
the Board promoted Jason Vlacich, the Chief Accounting Officer of the Company, to the role of Chief Financial Officer and Chief Accounting Officer, effective as of January 23, 2024.
the Board promoted Troy Schrenk, Chief Commercial Officer of the Company, to the role of Senior Executive Vice President Operations and Chief Commercial Officer, effective as of January 23, 2024.
appointed John C. Dorman, age 73, to serve as a member of the Board, effective immediately until his current term expires
Joy Berry notified the Company of her decision to resign as a director from the Board, effective February 16, 2024
on January 22, 2024, the Company and Eric T. Kalamaras, the former Chief Financial Officer of the Company, agreed that Mr. Kalamaras’s employment would cease effective as of January 22, 2024.
mutually agreed that Mr. Kalamaras would depart effective as of January 22, 2024
promoted Jason Vlacich, the Chief Accounting Officer of the Company, to the role of Chief Financial Officer and Chief Accounting Officer, effective as of January 23, 2024
promoted Troy Schrenk, Chief Commercial Officer of the Company, to the role of Senior Executive Vice President Operations and Chief Commercial Officer, effective as of the Effective Date
On December 11, 2023, J. Travis Kelley, Executive Vice President, Operations of Target Hospitality Corp. (the “ Company ”), submitted his resignation from his position with the Company for personal reasons effective immediately.
On November 9, 2023, Jeff Sagansky notified Target Hospitality Corp. (the “ Company ”) of his decision to resign as a director from the Board of Directors of the Company (the “ Board ”), effective November 9, 2023, for personal reasons.
On June 14, 2023, Barbara J. Faulkenberry notified the Company of her decision to resign as a director from the Board, effective June 19, 2023.
Max materiality 0.90 · Median 0.62 · Most common event other_material