Target Hospitality

TH

Market cap $1.45B

Target Hospitality is experiencing a cyclical upswing, shifting focus from government contracts to rural project accommodations and data center support. 2026 guidance projects $360–$370M revenue and $70–$80M EBITDA, with significant capex ($220–$240M) setting up for stronger 2027 performance. Recent contract wins total $982M, suggesting potential for $520M+ revenue and $260M EBITDA in 2027 if all contracts mature as expected.

AI data center buildouts stoke demand for housing and energy. Target Hospitality is expanding in this market.

Target Hospitality (TH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

THE WOODLANDS, Texas, April 1, 2026 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced a multi-year lease and services agreement ("Data Center Hub Contract" or "Contract") to construct and provide comprehensive facility and hospitality services to a top-five hyperscaler and their development of a data center campus in North Texas ("Data Center Hub" or the "Community"). Target will construct and deliver full‑turnkey support for the Data Center Hub, providing highly customized solutions and elevated hospitality service offerings.

Target Hospitality Corp. maintains a Buy rating, supported by resilient fundamentals and a strategic pivot beyond oil workforce housing. Q4 2025 revenue grew 7.3% YoY, driven by Workforce Hospitality Solutions, despite lingering contract losses and inflationary pressures. TH's expansion into data center and power infrastructure markets, alongside a debt-free balance sheet, underpins growth and capital flexibility.

Target Hospitality Corp. (TH) Q4 2025 Earnings Call Transcript

Although the revenue and EPS for Target Hospitality (TH) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Target Hospitality (TH) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.1. This compares to earnings of $0.12 per share a year ago.

Announces new $129 million, 1,400-bed, multi-year committed revenue contract supporting large-scale West Texas power generation and data center development ("West Texas Power Community") Announces new $23 million, 400-bed, multi-year committed revenue contract supporting the development of essential natural gas power generation capacity near Pecos, Texas ("Pecos Power Community")  Supporting over $740 million of multi-year contracts announced since February 2025, focused on diversified and high-value strategic WHS markets THE WOODLANDS, Texas, March 11, 2026 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2025. Financial Highlights for the year ended December 31, 2025 Revenue of $320.6 million.

Beyond analysts' top-and-bottom-line estimates for Target Hospitality (TH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.