Target Hospitality CORP
Market Movers (8-K)
NASDAQ
Target Hospitality Corp. announced the closing of a new $660 million asset-based revolving credit facility, significantly increasing its borrowing capacity and extending its debt maturity.
NASDAQ
Target Hospitality announced the pricing of a 7,000,000 share secondary offering by existing stockholders at $17.00 per share.
NASDAQ
Target Hospitality reported Q1 2026 results, announcing a significant new contract for AI infrastructure development expected to generate over $750 million in revenue, alongside a revised full-year financial outlook.
Worse than expected
NASDAQ
Target Hospitality Corp. announced the appointment of Paul Hohnsbeen to its Board of Directors, effective May 5, 2026, to bolster strategic growth initiatives.
NASDAQ
Target Hospitality Corp. announces a secondary offering of 7 million shares by existing stockholders, with no proceeds to the company.
NASDAQ
Target Hospitality Corp. released preliminary unaudited financial estimates for Q1 2026 in conjunction with a secondary common stock offering.
Worse than expected
Capital raise
Quarterly Earnings (10-Q)
NASDAQ
Target Hospitality Corp. reported a 4% increase in Q1 2026 revenue to $72.8 million, driven by growth in its Workforce Hospitality Solutions (WHS) segment, though net loss widened to $12.9 million.
Worse than expected
NASDAQ
Target Hospitality Corp. reported a net loss for Q3 2025 and the nine months ended September 30, 2025, driven by government contract terminations and new project ramp-up costs, despite new revenue streams.
Worse than expected
Capital raise
NASDAQ
Target Hospitality Corp. reports significant revenue and net income declines in Q2 2025 due to government contract terminations, partially offset by new strategic contracts and debt reduction.
Worse than expected
NASDAQ
Target Hospitality's Q1 2025 results reflect a revenue decrease due to contract terminations in the Government segment, offset partially by new construction revenue, and the company is actively pursuing new growth opportunities.
Worse than expected
NASDAQ
Target Hospitality Corp. experienced a significant decrease in revenue during the third quarter of 2024, primarily due to the termination of a major government contract and changes in another.
Worse than expected
NASDAQ
Target Hospitality's Q2 2024 results show a decrease in revenue primarily due to changes in government contracts, despite an increase in cash flow from operations.
Worse than expected
Annual Reports (10-K)
NASDAQ
Target Hospitality's FY2024 revenue decreased due to contract terminations and lower amortization, but the company reactivated its Dilley, Texas facility and is pursuing new growth opportunities.
Worse than expected
NASDAQ
Target Hospitality Corp. reports a 12% increase in revenue to $564 million for 2023, driven by growth in both its Government and HFS South segments.
Better than expected
Insider Trading (Form 4)
NASDAQ
TDR Capital entities report substantial stock distributions and sales of Target Hospitality Corp. shares, impacting beneficial ownership.
NASDAQ
Target Hospitality Corp. director Alejandro Hernandez was granted restricted stock units on May 21, 2026, as detailed in a Form 4 filing.
NASDAQ
Target Hospitality Corp. director Pamela H. Patenaude was granted restricted stock units on May 21, 2026, as disclosed in a Form 4 filing.
NASDAQ
Director Paul Hohnsbeen reported the acquisition of 7,597 Restricted Stock Units in Target Hospitality Corp. on May 21, 2026.
NASDAQ
Target Hospitality Corp. director Linda R. Medler was granted Restricted Stock Units (RSUs) on May 21, 2026, with vesting schedules tied to specific dates and company events.
NASDAQ
Target Hospitality Corp. director Martin L. Jimmerson acquired restricted stock units, signaling continued commitment and potential future equity.
Proxy Statements (Def-14A)
NASDAQ
Target Hospitality reports a strategic shift toward the data center market following a record $740 million in new contract awards and the elimination of all net debt.
NASDAQ
Target Hospitality Corp. files a supplement to its definitive proxy statement to correct an omission regarding voting information for the upcoming 2025 Annual Meeting of Stockholders.
NASDAQ
Target Hospitality Corp. announces its 2025 Annual Meeting of Stockholders to be held virtually on May 22, 2025, with key proposals including the election of directors, ratification of the company's accounting firm, an advisory vote on executive compensation, and an amendment to the incentive award plan.
NASDAQ
Target Hospitality's proxy statement highlights key governance proposals, including an amendment to the incentive plan and the election of directors, alongside a review of the company's 2024 performance and executive compensation.
NASDAQ
Target Hospitality Corp. is holding its 2024 Annual Meeting on May 23, 2024, and has released proxy materials for stockholders to vote on key proposals.
NASDAQ
Target Hospitality's proxy statement details the agenda for the upcoming annual meeting, director nominations, executive compensation, and corporate governance matters.
Better than expected
Schedule 13D - Activist Investments
NASDAQ
Several entities and individuals associated with TDR Capital have updated their beneficial ownership of Target Hospitality Corp. common stock, reporting significant holdings and participation in a recent stock offering.
Capital raise
NASDAQ
TDR Capital and affiliates completed the sale of 8.05 million shares of Target Hospitality Corp. at $13.265 per share.
Capital raise
Schedule 13G - Passive Investments
NASDAQ
Private Capital Management, LLC has reported a 3.70% stake in Target Hospitality Corp. as of June 30, 2026, indicating a significant investment in the company.
NASDAQ
Private Capital Management, LLC has filed a Schedule 13G reporting a 5.09% beneficial ownership stake in Target Hospitality Corp.
NASDAQ
Private Capital Management, LLC reports a 4.97% beneficial ownership in Target Hospitality Corp. common stock.