Target Hospitality Corp. reported second quarter 2026 results with revenue increasing 39% to $85.5 million and Adjusted EBITDA rising over five times year-over-year to $18.2 million, despite a net loss of $9.0 million. The company raised its full-year 2026 revenue outlook by 11% to $410–$420 million and Adjusted EBITDA guidance by 13% to $85–$95 million. Since January 2026, Target Hospitality secured over $1.4 billion in multi-year contract awards for more than 9,000 beds in its Workforce Hospitality Solutions segment. On July 24, 2026, the company closed a new $660 million asset-based revolving credit facility to replace its previous $175 million facility, enhancing liquidity and reducing borrowing costs by up to 250 basis points. Target Hospitality Corp. is one of North America’s largest providers of vertically-integrated modular accommodations and value-added hospitality services.
