The earnings call highlighted significant growth opportunities in new contracts, especially within the data center and government sectors, and a strong financial position. However, there were challenges related to terminated contracts and carrying costs for idle assets. Overall, the positive aspects, such as new contracts and raised guidance, outweigh the negatives.

Company Guidance -

Q3 2025

During the Target Hospitality Second Quarter 2025 Earnings Call, the company provided guidance indicating strong growth and diversification in its contract portfolio. They announced two multiyear contracts valued at over $400 million, and are finalizing a contract to support the expanding technology infrastructure and data center market. The company achieved a contract renewal rate exceeding 90% within its Hospitality and Food Services (HFS) segment, which contributed $39 million in quarterly revenue. The Workforce Hub Contract was expanded, raising its value to approximately $154 million, with construction expected to complete by the end of 2025. The company raised its 2025 outlook to include total revenue of $310 million to $320 million and adjusted EBITDA of $50 million to $60 million. This reflects a 15% increase in the midpoint revenue and a 6% increase in the midpoint adjusted EBITDA compared to the previous outlook. Additionally, the company reported a net leverage ratio of 0.1x, with over $190 million in available liquidity.

New Multiyear Contracts

Announced two multiyear contracts valued at over $400 million, exemplifying Target's unique value proposition and the ability to deliver tailored solutions across various end markets.

Data Center Growth Expansion

Finalizing a multiyear lease and services agreement supporting the rapidly expanding technology infrastructure and data center market. Preliminary construction has started, with $1.2 trillion committed to AI and data center infrastructure since January 2025.

Government Sector Investments

The U.S. government allocated $45 billion towards border security initiatives, including expanding assets and bed capacity, showing confidence in Target's capabilities.

Strong Financial Position

Ended the quarter with $19 million in cash and a net leverage ratio of 0.1x. Total available liquidity of over $190 million, including $23 million in cash.

Raised 2025 Outlook

Increased revenue guidance to $310 million to $320 million, with adjusted EBITDA of $50 million to $60 million, reflecting a 15% increase in midpoint revenue and a 6% increase in midpoint adjusted EBITDA.

Target Hospitality (TH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.05 / -	0.237	―	―	―
Aug 07, 2025	2025 (Q2)	-0.11 / -0.12	0.219	-155.71% (-0.34)	―
May 19, 2025	2025 (Q1)	-0.02 / -0.07	0.238	-129.41% (-0.31)	―
Mar 26, 2025	2024 (Q4)	0.07 / 0.12	0.31	-61.29% (-0.19)	―
Nov 12, 2024	2024 (Q3)	0.12 / 0.24	0.43	-44.88% (-0.19)	―
Aug 07, 2024	2024 (Q2)	0.17 / 0.22	0.44	-50.23% (-0.22)	―
May 08, 2024	2024 (Q1)	0.15 / 0.24	0.38	-37.37% (-0.14)	―
Mar 13, 2024	2023 (Q4)	0.25 / 0.31	0.375	-17.33% (-0.07)	―
Nov 08, 2023	2023 (Q3)	0.43 / 0.43	0.2	115.00% (+0.23)	―
Aug 09, 2023	2023 (Q2)	0.37 / 0.44	0.269	63.57% (+0.17)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$7.30	$8.18	+12.05%
May 19, 2025	$7.10	$7.46	+5.07%
Mar 26, 2025	$6.13	$6.52	+6.36%
Nov 12, 2024	$9.21	$9.84	+6.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Target Hospitality Corp (TH) report earnings?

Target Hospitality Corp (TH) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Target Hospitality Corp (TH) earnings time?

Target Hospitality Corp (TH) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TH EPS forecast?

TH EPS forecast for the fiscal quarter 2025 (Q3) is -0.05.

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