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Target Hospitality Corp. (TH) stock

THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 5/3018% below fair value
$11.98+0.18 (+1.53%)

Close on Nov 12, 2026Market cap $1.19BP/E –Yield –

Earnings

Target Hospitality's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Mar 10, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$129.10M
+29.9% on a year earlier
EPS, Q3 FY2026
-$0.09
-$0.01 a year earlier
Latest guidance
Raised
Nov 9, 2026 · 3 items

Quarterly results

Revenue and earnings per share from each of Target Hospitality's earnings releases, newest first

QuarterReportedRevenueYoYEPSSource
Q4 FY2026ended Dec 31, 2026Mar 10, 2027Expected––––
Q3 FY2026ended Sep 30, 2026Nov 9, 2026before the open$129.10M+29.9%-$0.09Release
Q2 FY2026ended Jun 30, 2026Aug 10, 2026before the open$85.50M+38.8%-$0.09Release
Q1 FY2026ended Mar 31, 2026May 11, 2026before the open$72.80M+4.1%-$0.13Release
Q4 FY2025ended Dec 31, 2025Mar 11, 2026before the open$89.80M+7.3%–Release
Q3 FY2025ended Sep 30, 2025Nov 6, 2025before the open$99.40M+4.4%-$0.01Release
Q2 FY2025ended Jun 30, 2025Aug 7, 2025before the open$61.60M-38.8%-$0.15Release
Q1 FY2025ended Mar 31, 2025May 19, 2025before the open$69.90M-34.5%-$0.07Release
Q4 FY2024ended Dec 31, 2024Mar 26, 2025before the open$83.70M-33.7%–Release
Q3 FY2024ended Sep 30, 2024Nov 12, 2024before the open$95.20M-34.7%$0.20Release
Q2 FY2024ended Jun 30, 2024Aug 7, 2024before the open$100.70M-29.9%$0.18Release
Q1 FY2024ended Mar 31, 2024May 8, 2024before the open$106.70M-27.8%$0.20Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Target Hospitality's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Total revenueGAAPFY2026$435.00M – $445.00M–NewNov 9, 2026
Total revenueFY2026$410.00M – $420.00M$320.00M – $330.00MRaisedAug 10, 2026
Total revenueFY2026$370.00M – $380.00M–NewMay 11, 2026
Adjusted EBITDAnon-GAAPFY2026$105.00M – $115.00M$75.00M – $85.00MRaisedNov 9, 2026
Adjusted EBITDA (1)non-GAAPFY2026$85.00M – $95.00M$60.00M – $70.00MRaisedAug 10, 2026
Total Capital ExpendituresGAAPFY2026$490.00M – $510.00M–NewNov 9, 2026
Total Capital ExpendituresFY2026$490.00M – $510.00M$65.00M – $75.00MRaisedAug 10, 2026
Total Capital ExpendituresFY2026$460.00M – $480.00M–NewMay 11, 2026

Guidance vs results

The last range Target Hospitality gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025Revenue$310.00M – $320.00M$320.70MΣ4QAbove range

Guidance history

Every forecast Target Hospitality put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Nov 9, 2026Total Capital ExpendituresFY2026$490.00M – $510.00MNew
Nov 9, 2026Adjusted EBITDAFY2026$105.00M – $115.00MRaised
Nov 9, 2026Total revenueFY2026$435.00M – $445.00MNew
Aug 10, 2026Total Capital ExpendituresFY2026$490.00M – $510.00MRaised
Aug 10, 2026Adjusted EBITDA (1)FY2026$85.00M – $95.00MRaised
Aug 10, 2026Total revenueFY2026$410.00M – $420.00MRaised
May 11, 2026Total Capital ExpendituresFY2026$460.00M – $480.00MNew
May 11, 2026Adjusted EBITDAFY2026$75.00M – $85.00MNew
May 11, 2026Total revenueFY2026$370.00M – $380.00MNew
Mar 11, 2026Total Capital ExpendituresFY2026$65.00M – $75.00MNew
Mar 11, 2026Adjusted EBITDA (1)FY2026$60.00M – $70.00MNew
Mar 11, 2026Total revenueFY2026$320.00M – $330.00MNew
Nov 6, 2025Adjusted EBITDAFY2025$50.00M – $60.00MNew
Nov 6, 2025Total revenueFY2025$310.00M – $320.00MNew
Aug 7, 2025Adjusted EBITDAFY2025$50.00M – $60.00MRaised
Aug 7, 2025Total revenueFY2025$310.00M – $320.00MRaised
May 19, 2025Adjusted EBITDA (1)FY2025$47.00M – $57.00MReaffirmed
May 19, 2025Total revenueFY2025$265.00M – $285.00MReaffirmed
Mar 26, 2025Adjusted EBITDAFY2025$47.00M – $57.00MNew
Mar 26, 2025Total revenueFY2025$265.00M – $285.00MNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Target Hospitality filed with the SEC as exhibits to Form 8-K or 6-K

  1. Target Hospitality Announces Third Quarter 2026 Results Reflecting Execution at Scale and Building Momentum on Continued Strategic Transformation
    Results
  2. Announces Launch of Secondary Offering and Concurrent Stock Repurchase
    News
  3. Announces Pricing of Upsized Secondary Offering and Concurrent Stock Repurchase
    News
  4. Hospitality Secures New Multi-Year Contract Expected to Generate Approximately $250 Million of Revenue to Support a Top-Five
    Update
  5. Target Hospitality Announces Second Quarter 2026 Results Highlighting Strong Execution on Recent Contract Awards and Sustained Momentum on Strategic Growth Initiatives
    Results
  6. Target Hospitality Announces New $660 Million
    News
  7. Announces Launch of Secondary Offering
    News
  8. Announces Pricing of Secondary Offering
    News
  9. Target Hospitality Announces First Quarter 2026 Results Highlighting Sustained Momentum and Continued Execution on Strategic Transformation
    Results
  10. Announces Launch of Secondary Offering
    News
  11. Announces Pricing of Secondary Offering
    News
  12. Target Hospitality Secures Over $550 Million
    Update
  13. Target Hospitality Announces 2025 Results Highlighting Significant Advancement of Strategic Growth Initiatives as Expanding Customer Demand Accelerates Momentum
    Results
  14. Target Hospitality Announces Third Quarter 2025 Results with Continued Execution on Strategic Growth Initiatives and Expanding End-Market Demand
    Results
  15. Target Hospitality Announces Second Quarter 2025 Results and Raises Full-Year 2025 Outlook, Reflecting Continued Progress on Strategic Diversification Initiatives
    Results

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