Every material Form 8-K Target Hospitality Corp. has filed with the SEC since August 26, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Target Hospitality reported third quarter 2026 revenue of $129.1 million, up 30% from a year earlier, and Adjusted EBITDA of $34.2 million, up 59%. The company also posted a net loss of $9.2 million, or $0.09 per share, compared with a loss of $0.8 million, or $0.01 per share, a year earlier. It reaffirmed its full-year 2026 outlook, which covers revenue of $435 to $445 million and Adjusted EBITDA of $105 to $115 million.
Q3 2026 revenue was $129.1 million, up from $99.4 million in Q3 2025.
Workforce Hospitality Solutions revenue rose to $79.5 million from $36.8 million, with 6,222 average utilized beds.
Full-year 2026 outlook was reaffirmed: revenue of $435 to $445 million and Adjusted EBITDA of $105 to $115 million.
Selling stockholders affiliated with TDR Capital agreed to sell 14,000,000 Target Hospitality common shares at $18.50 per share in an underwritten offering, and the company will not receive any of the proceeds. Separately, the company agreed to buy back shares from the underwriters for approximately $30 million, funded with cash on hand and ABL Credit Facility borrowings, with the closing expected on September 10, 2026.
14,000,000 shares offered by Arrow Holdings S.à r.l. and MFA Global S.à r.l. at $18.50 per share, for approximately $259,000,000 in gross proceeds to the selling stockholders
Company will not receive any proceeds from the offering
Company to repurchase shares from the underwriters for approximately $30,000,000, to be held as treasury shares and funded with cash on hand and ABL Credit Facility borrowings
Underwriters have a 30-day option to buy up to 2,100,000 additional shares; closing is expected on September 10, 2026
Target Hospitality Corp. said it posted an investor presentation to its website on September 1, 2026. The filing furnishes the presentation under Regulation FD and does not state any financial results, guidance or other figures.
Presentation posted to the company's investor relations website on September 1, 2026.
Slides include forward-looking statements subject to a cautionary statement within the presentation.
Information is furnished under Item 7.01 and is not deemed filed under Section 18 of the Exchange Act.
Target Hospitality signed a new multi-year lease and services contract to support a data center in Pecos, West Texas, which the company expects to generate about $250 million of revenue through August 2030. The company also raised its full-year 2026 revenue and adjusted EBITDA outlook, with the midpoints up 6% and 22%, respectively, which points to higher expected revenue and earnings for shareholders.
Contract has an anticipated four-year term and is designed to accommodate about 1,100 individuals, with initial occupancy in August 2026 and full completion expected in September 2026.
2026 outlook: total revenue of $435 million to $445 million and adjusted EBITDA of $105 million to $115 million; total capital expenditures of $490 million to $510 million, excluding acquisitions.
The customer can terminate with no less than 60 days' advance notice if its prime contract ends, is suspended for an extended period, or is not performed.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Target Hospitality Corp. filing is on SEC EDGAR ↗. 8-K briefs of other companies →