Target Hospitality Posts $0.09 Q3 GAAP Loss as Revenue Beats Estimates

Target Hospitality Corp. posted a third-quarter GAAP loss of $0.09 per share, $0.09 below estimates, while revenue topped forecasts and rose 29.9% year over year.

Revenue was $129.06 million, exceeding estimates by $9.2 million.

The company’s full-year 2026 outlook calls for revenue of $435 million to $445 million and adjusted EBITDA of $105 million to $115 million. It projects capital expenditures of $490 million to $510 million, excluding acquisitions.