NASDAQ$TH

Target Hospitality Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Target Hospitality experienced a revenue decrease due to reduced activity in the TCPL project, while maintaining a strong Adjusted EBITDA margin.

Target Hospitality reported a decrease in revenue and net income for Q4 2019 compared to Q4 2018, primarily due to reduced activity associated with the TC Energy Corporation's (TCPL) project and a net loss on the sale of non-strategic land parcels. However, the Adjusted EBITDA margin remained strong at 47%.

  • Total revenue decreased by 21% to $76.1 million due to a reduction in the activity associated with the TCPL project.
  • Net income decreased to $0.1 million, largely attributable to a $6.9 million pre-tax net loss on the sale of non-strategic land parcels.
  • Adjusted EBITDA decreased by 18% to $36.0 million, but the Adjusted EBITDA margin remained strong at 47%.
  • ADR decreased by approximately $2.20, or 3%, to $80.90, primarily due to a lower average ADR from the acquired Signor communities.

Headline financials

Total Revenue

$76.1M

Previous: $39.1M+94.6%
EPS (adj)

$0.07

Previous: -$0.00+77877.8%
Average Utilized Beds

9.8K

No prior period
Utilization

76.0%

No prior period
Average Daily Rate

$80.90

No prior period
Net Income

$66K

Previous: -$3.81K+1834.1%
Operating Income

$11.5M

Previous: -$3.81K+301098.4%
Gross Profit

$31.5M

Previous: $22.9M+37.8%
Cash & Equivalents

$6.79M

No prior period
Total Assets

$601M

No prior period
Stock-Based Comp

$885K

No prior period

Revenue & EPS history

Target Hospitality · Revenue · Quarterly

$76.1M

Q4 2019+94.6%vs Q4 2018
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

Target Hospitality · $18.8M total across 2 segments · Q4 2019

  • Government
    $16.9M
  • All Other
    $1.97M

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 Q4 2019

Historical avgQ4 2019

+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%+32.8%+56.6%
Q4 2020+6.8%-7.7%+30.6%
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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