The earnings call highlighted significant growth opportunities through new contracts and market expansion, particularly in the data center and government sectors. Despite some challenges due to terminated contracts and carrying costs for idle assets, the overall sentiment is positive with a raised financial outlook for 2025.

Company Guidance

During the Target Hospitality Second Quarter 2025 Earnings Conference Call, the company provided guidance with several key metrics. Target Hospitality raised its outlook for 2025, now expecting total revenue between $310 million and $320 million, and adjusted EBITDA between $50 million and $60 million. This reflects a 15% increase in the midpoint revenue and a 6% increase in the midpoint adjusted EBITDA compared to their previous outlook. The revised guidance is primarily driven by the expansion of the Workforce Hub Contract, which now has a total contract value of approximately $154 million. Moreover, Target Hospitality highlighted a robust liquidity position with over $190 million in available liquidity, including $23 million in cash, and no outstanding borrowings under the $175 million revolving credit facility. The company also emphasized the potential impact of a $1.2 trillion investment in technology infrastructure and data centers since January 2025, which could significantly drive future growth.

New Multiyear Contracts

Target Hospitality announced two multiyear contracts valued at over $400 million, supporting a diverse range of customers, which will significantly accelerate growth initiatives.

Data Center Market Expansion

Target is finalizing a contract to support the rapidly expanding technology infrastructure and data center end market, with over $1.2 trillion committed since January 2025.

Government Sector Growth

The reactivation of the Dilley, Texas assets is on schedule, expected to generate approximately $30 million in revenue in 2025 and over $246 million over its 5-year term.

Raised Financial Outlook

Target Hospitality raised its 2025 outlook, now expecting total revenue of $310 million to $320 million and adjusted EBITDA of $50 million to $60 million, reflecting a 15% increase in revenue and a 6% increase in 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

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TH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.04 / -	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 (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 -0.04.

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