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Jun 30, 2022
Target Hospitality Q2 2022 Earnings Report
Target Hospitality achieved record results driven by government services demand.
Key Takeaways
Target Hospitality reported record second quarter revenue of $109.6 million and net income of $22.9 million, driven by the Expanded Humanitarian Contract.
Record quarterly revenue of $109.6 million, up 46% year-over-year.
Net income of $22.9 million, compared to a net loss of $0.9 million in the same period last year.
Record quarterly Adjusted EBITDA of $56.1 million, a 76% increase year-over-year.
Approximately 68% of second quarter revenue derived from committed revenue contracts backed by the United States Government.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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