Target Hospitality (TH) reported Q3 2026 revenue of $129.1 million, up 30% year over year and 51% sequentially. Revenue exceeded expectations by $9.2 million, while GAAP EPS was a loss of $0.09, missing analyst estimates by $0.09. Since January 2026, the company has secured more than $1.7 billion in multi-year contract awards representing over 10,000 beds, driven by expanded workforce accommodation contracts. Management is targeting strong revenue and EBITDA growth through 2027.
Third-quarter revenue jumped 30% year over year, while adjusted earnings rose 59%, despite a net loss; the company says multi-year contracts support its expansion plans.
Read the full storyAdjusted earnings and bed occupancy rose as workforce solutions expanded, while the net loss widened and the company prepared for additional transition costs during 2026.
Target Hospitality reported $129.1 million in Q3 revenue and secured $1.7 billion in new contracts since January 2026, driven by its strategic Workforce Hospitality Solutions segment.