Target Hospitality Earnings Reports

Target Hospitality's Q4 2024 revenue decreased to $83.7 million, down from $126.2 million year-over-year. The company reported net income of $12.5 million and adjusted EBITDA of $41.1 million. The hospitality and facilities services segment showed stable performance, while the government segment faced significant reductions due to contract terminations and amortization effects.

Target Hospitality reported revenue of $95.2 million and net income of $20.1 million for the three months ended September 30, 2024. The company's strong cash generation and financial flexibility position it well for future growth opportunities.

Target Hospitality reported a revenue of $100.7 million and a net income of $18.4 million for the three months ended June 30, 2024. The company's strong cash generation and financial flexibility support continued evaluation of diversifying growth opportunities.

Target Hospitality reported a revenue of $106.7 million and a net income of $20.4 million for the three months ended March 31, 2024. The company's financial position was enhanced by strong cash generation and significant financial flexibility.

Target Hospitality reported revenue of $126.22 million and net income of $37.843 million for the three months ended December 31, 2023. The company's financial position remains strong with available liquidity of approximately $279 million.

Target Hospitality reported Q3 2023 revenue of $145.9 million and net income of $45.6 million, with adjusted EBITDA reaching $95.0 million. The company also announced a contract award for the Influx Care Facility at its Pecos Children’s Center and is optimizing its financial position, anticipating available liquidity to exceed $315 million by year-end 2023.

Target Hospitality reported a strong second quarter in 2023, with a 31% increase in revenue to $143.6 million and a net income of $46.5 million. The company's adjusted EBITDA increased by 62% to $90.9 million.

Target Hospitality reported a strong first quarter with revenue increasing by 84% to $147.8 million and net income reaching $43.8 million, driven by growth in the Government segment and the Expanded Humanitarian Community.

Target Hospitality reported a strong fourth quarter and full year 2022, driven by the Government segment and the Expanded Humanitarian Community. The company achieved record revenue and Adjusted EBITDA for the year, and saw increased customer demand across its HFS segments.

Target Hospitality reported record third-quarter revenue of $159.6 million, a 79% increase year-over-year. Net income was $19.0 million, compared to $6.7 million in the same period last year. The company also announced an exclusive 11-year partnership and authorized a stock repurchase program of up to $100 million.

Target Hospitality reported record second quarter revenue of $109.6 million and net income of $22.9 million, driven by the Expanded Humanitarian Contract.

Target Hospitality reported a strong first quarter with revenue of $80.3 million, a 77% increase year-over-year. Net income was $0.5 million, compared to a net loss of $13.1 million in the same period last year. Adjusted EBITDA was $33.4 million, a 109% increase year-over-year.

Target Hospitality Corp. reported strong Q4 2021 results, with revenue increasing to $81.7 million compared to $51.6 million for the same period in 2020 and net income of $2.8 million compared to a net loss of $9.3 million for the same period in 2020.

Target Hospitality reported an 85% increase in revenue to $89.2 million and a net income increase to $6.7 million for the third quarter of 2021. The company also raised its full year 2021 financial outlook by 7% for revenue and 9% for Adjusted EBITDA.

Target Hospitality reported revenue of $75.0 million, a net loss of $0.9 million, and adjusted EBITDA of $31.9 million in Q2 2021. The company experienced increased customer demand and executed on premier customer diversification, with approximately 60% of revenue related to committed revenue contracts backed by the United States Government.

Target Hospitality reported a revenue of $45.5 million and a net loss of $13.1 million for the first quarter of 2021. The company executed a $118 million minimum revenue contract and increased the midpoint of its 2021 Adjusted EBITDA outlook range by 11% to $97 - $107 million.

Target Hospitality reported a decrease in revenue and net loss for Q4 2020, primarily due to reduced energy end-market customer activity caused by the COVID-19 pandemic. This was partially offset by increased activity from the TC Energy Corporation's Keystone XL pipeline project.

Target Hospitality reported a revenue of $48.3 million and a net loss of $7.9 million for the third quarter of 2020. The company experienced positive trends in customer activity levels and benefited from cost reduction initiatives, resulting in margin expansion. They also renewed and extended a lease agreement with CoreCivic, securing approximately $265 million in revenue.

Target Hospitality's second quarter revenue was $53.6 million, a decrease from $81.4 million in the same period last year. The company reported a net loss of $14.2 million, compared to a net income of $10.6 million in the second quarter of 2019. Despite the challenges, Target Hospitality generated $14.7 million in Discretionary Cash Flow and maintained a strong balance sheet.

Target Hospitality reported revenues of $71.7 million and a net income of $3.8 million for the first quarter of 2020. The company faced challenges due to the COVID-19 pandemic and commodity market deterioration but implemented cost reduction measures and contract modifications to maintain financial flexibility.

Target Hospitality reported a decrease in revenue and net income for Q4 2019 compared to Q4 2018, primarily due to reduced activity associated with the TC Energy Corporation's (TCPL) project and a net loss on the sale of non-strategic land parcels. However, the Adjusted EBITDA margin remained strong at 47%.