Significant Contract Wins
Target Hospitality added over $55 million in committed revenue contracts since last quarter, bringing the total value of new multiyear contract awards announced in 2025 to more than $455 million.
Expansion in AI and Data Center Markets
The company is capitalizing on the multitrillion dollar investment cycle in data center and AI infrastructure, with new contracts and the launch of the Target Hyper/Scale brand to support data center projects.
Government Segment Ramp-Up
The Dilley, Texas community is now fully operational, supporting up to 2,400 individuals, and is projected to generate approximately $30 million in revenue in 2025 and over $246 million over its expected 5-year term.
Strong Financial Position
Target Hospitality ended the quarter with $30 million in cash and zero net debt, resulting in total available liquidity of approximately $205 million.
Reaffirmed 2025 Outlook
The company reaffirmed its 2025 outlook, which includes total revenue of $310 million to $320 million and adjusted EBITDA of $50 million to $60 million.