The earnings call highlighted strong contract announcements and steady customer loyalty, but faced challenges in government revenue declines and carrying costs. The positive prospects in both commercial and government segments, along with a strong liquidity position, balance the negative aspects.

Company Guidance -

Q3 2025

During the first quarter of 2025, Target Hospitality provided guidance indicating strong business fundamentals and a promising growth pipeline. The company announced two multi-year contracts projected to generate over $380 million in revenue in the coming years, demonstrating their ability to support both commercial and government initiatives. The HFS segment showcased a consistent 90% renewal rate since 2015, and the government segment highlighted the reactivation of the Dilley, Texas facility, expected to contribute $30 million in revenue for 2025. Financially, Target Hospitality reported total revenue of approximately $70 million and adjusted EBITDA of $22 million for the first quarter. The company maintained a strong balance sheet with $35 million in cash and $169 million in total liquidity. Looking ahead, Target reiterated its 2025 financial outlook, anticipating total revenue between $265 million and $285 million and adjusted EBITDA between $47 million and $57 million, underlining a focus on strategic growth and diversification across end markets.

Multi-Year Contracts Announced

Target Hospitality announced two multi-year contracts expected to generate over $380 million in revenue, showcasing strength in both commercial and government end markets.

Strong Customer Renewal Rate

The HFS segment continues to benefit from a consistent 90% customer renewal rate since 2015, illustrating the value proposition of Target's network.

Government Segment Opportunities

Target's government segment is poised for growth with opportunities tied to the current administration's immigration initiatives and the reactivation of the Dilley, Texas facility.

Workforce Hub Contract Progress

The Workforce Hub contract is progressing on schedule, contributing $5 million in Q1 with an expected $65 million in total construction revenue for 2025.

Strong Liquidity Position

Target ended the quarter with $35 million in cash and $169 million in total liquidity, with a net leverage ratio of 0.1 times.

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
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%
Aug 07, 2024	$8.91	$9.99	+12.12%

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 (TH) report earnings?

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

What is Target Hospitality (TH) earnings time?

Target Hospitality (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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