NASDAQ$TH

Target Hospitality Corp · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Target Hospitality reported Q1 2026 revenue of $72.8M (+4% YoY) with a net loss attributable to common shareholders of $12.9M ($0.13 per share).

Target Hospitality (TH) generated $72.8 million of revenue in Q1 2026 versus $69.9 million from specialty rental and services to energy and government customers. Net loss attributable to common shareholders was $12.9 million ($0.13 per share) compared with $6.5 million ($0.07), as SG&A rose and gross profit compressed on project mix.

  • Total revenue $72.8M (+4%).
  • Net loss to common $(12.9)M; EPS $(0.13).
  • Specialty rental and workforce housing for energy sector.
  • Government segment contracts support backlog.
  • Seasonal and project timing affect quarterly margins.

Headline financials

Total Revenue

$72.8M

Previous: $69.9M+4.1%
EPS (adj)

-$0.13

Previous: -$0.07-85.7%
Capital Expenditures

-$176K

Previous: -$15.5M+98.9%
Net Income

-$12.9M

Previous: -$6.46M-100.0%
Operating Income

-$14.3M

Previous: -$1.08M-1231.1%
Gross Profit

$6.88M

Previous: $18M-61.7%

Revenue & EPS history

Target Hospitality · Revenue · Quarterly

$72.8M

Q1 2026+4.1%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Target Hospitality · $146M total across 3 segments · Q3 2023

  • Government
    $106M-14.4%
  • Hospitality & Facilities Services - South
    $37.5M+11.6%
  • All Other
    $2.87M+275.3%

Forward guidance

Company discusses bid pipeline for energy and government lodging; no quarterly EPS guide.

Tailwinds

  • Revenue growth and diversified end markets.
  • Strategic assets in Permian and government verticals.

Headwinds

  • Wider loss on cost inflation.
  • Capex for fleet refresh.
  • Energy activity slowdown risk.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.0%

Avg return

Earnings day

+3.2%

Avg return

5 days after

+4.5%

Avg return

30 days after

65%

20 / 31 earnings

Positive

+23.7%

Q4 2021

Best reaction

-34.9%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+17.9%+21.7%
Q4 2025+13.8%+14.0%+81.2%
Q3 2025-15.5%-15.4%+6.7%
Q1 2025+5.1%+3.8%-0.3%
Q4 2024+6.4%+7.3%+3.6%
Q3 2024+6.4%-1.5%-6.2%
Q2 2024+12.5%+10.5%+10.5%
Q1 2024+5.0%+4.1%+0.5%
Q4 2023+4.8%+1.8%+25.4%
Q3 2023-3.6%-9.1%-13.4%
Q2 2023+7.8%+13.5%+21.9%
Q1 2023+13.9%+25.2%+24.5%
Q4 2022+6.0%+8.4%-23.0%
Q3 2022+17.6%+23.2%+38.6%
Q2 2022-9.6%-2.6%-7.8%
Q1 2022-11.0%-13.3%-3.2%
Q4 2021+23.7%+18.6%+19.6%
Q3 2021-2.0%-13.1%-31.6%
Q2 2021-16.4%-14.4%-4.2%
Q1 2021+8.3%+33.4%+57.8%
Q4 2020+6.8%-7.7%+29.7%
Q3 2020+3.2%+0.4%+30.7%
Q2 2020+12.4%+13.8%-9.0%
Q1 2020+8.2%+5.9%-28.6%
Q4 2019-34.9%-3.1%-58.3%
Q3 2019-11.2%-15.0%-15.5%
Q2 2019-13.5%-12.2%-8.9%
Q1 2019-0.7%-1.1%-6.7%
Q3 2018+0.1%+0.2%+1.7%
Q2 2018+0.5%+0.5%+0.2%
Q1 2018-0.5%+1.0%-0.7%
Q4 2018
Q3 2017
Q2 2017
Q1 2017

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