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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.15Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents strong commercial momentum driven by a large pipeline and sizeable multiyear contract awards (>$740M total, >$495M WHS), meaningful balance sheet strength (zero net debt, ~$183M liquidity), and a confident 2026 financial outlook. Near-term headwinds include compressed margins in Q4 due to construction-heavy revenue mix, modest Q4 adjusted EBITDA (~$7M), corporate expense true-ups, and limited spare bed inventory (3,000–4,000) that may require incremental capital or purchases if much of the 20,000-bed pipeline converts quickly. Management expects Q1 to be the low point and anticipates margin expansion as WHS contracts shift from construction to services and as community expansions scale. Overall the positive contract momentum, strong liquidity, and clear path to higher-margin recurring revenue materially outweigh the near-term operational and timing challenges.Company Guidance
Strong Contract Wins and WHS Expansion
Secured more than $740 million in long-term contract awards since February 2025, including over $495 million within the rapidly expanding WHS segment; WHS awards reactivated nearly 3,000 beds in under a year and created an active pipeline representing more than 20,000 beds.
Workforce Hub Contract Upsized
Workforce hub contract scope expanded during Q4, raising total contract value to approximately $170 million — a 25% increase from the original contract value; construction substantially complete and expected to shift to higher-margin services in 2026.
New West Texas Power and Pecos Contracts
Awarded West Texas Power Community (~$129 million minimum revenue over 47 months for up to 1,400 individuals) and Pecos Power Community (~$23 million minimum revenue over 26 months for up to 400 individuals); combined reactivates >1,800 beds and represents >$150 million in multiyear committed minimum revenue.
Revenue and Adjusted EBITDA (Q4 and FY 2025)
Fourth quarter total revenue of approximately $90 million and adjusted EBITDA of approximately $7 million; full-year cash flows from operations exceeded $74 million and discretionary cash flow was $66 million for the year ended 12/31/2025.
Robust 2026 Outlook and Expected Ramp
2026 guidance: total revenue of $320–$330 million and adjusted EBITDA of $60–$70 million, with capital spending of $65–$75 million (ex-acquisitions); company expects steady ramp through the year and to exit 2026 with a run rate >$360 million revenue and adjusted EBITDA >$90 million (based on announced contracts).
Balance Sheet Strength and Liquidity
Ended the quarter with zero net debt and approximately $183 million of available liquidity; capex guidance for 2026 ($65–$75 million) is expected to be funded by current liquidity and contract structures without incremental financing.
Data Center Community Traction and Economics
Data center community grew 320% from an initial 250-bed footprint in months and is being expanded in two 400-bed phases in 2026; the data center community contract is expected to generate approximately $134 million of committed minimum revenue through May 2028 and deliver improved margins as scale and efficiencies are realized.
Platform Differentiation and Market Positioning
Launched Target Hyperscale and emphasized vertically integrated accommodations platform and speed-to-market modular offerings, positioning the company to capture demand from AI infrastructure, critical minerals, and power generation megaprojects.
TH Earnings History
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 11, 2026 | $15.33 | $18.08 | +17.94% |
Mar 11, 2026 | $7.98 | $9.08 | +13.78% |
Nov 06, 2025 | $7.72 | $6.52 | -15.54% |
Aug 07, 2025 | $7.30 | $8.18 | +12.05% |
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 Aug 12, 2026, After Close (Confirmed).
What is Target Hospitality Corp (TH) earnings time?
Target Hospitality Corp (TH) earnings time is at Aug 12, 2026, 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 2026 (Q2) is -0.1.