TH news

Target Hospitality secured a multi-year contract to provide hospitality services for a hyperscaler data center in Texas, significantly boosting 2026 revenue and adjusted EBITDA forecasts while receiving possible additional orders.

Target Hospitality announced second-quarter revenue of $85.5 million and significant growth in contract awards and liquidity. The company raised its full-year 2026 outlook and secured a $660 million credit facility.

Target Hospitality Corp. named two new independent board directors effective Aug. 4, adding governance and operational expertise to support corporate growth.

Target Hospitality Corp. issued restricted stock unit awards to non-employee directors under its 2019 Incentive Award Plan, with 100% vesting on May 21, 2027 or at the first annual stockholder meeting. The RSUs fully accelerate upon a change in control event.