Target Hospitality reports Q2 2026 results
Revenue increased 39% to $85.5 million, Adjusted EBITDA rose to $18.2 million, and the company raised its full-year outlook by 11% and 13% respectively.
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Largest U.S. provider of accommodations, culinary and hospitality services
targethospitality.comLast updated
In short: Target Hospitality reported strong Q2 2026 results, raised its financial outlook, and secured a major $550 million data center contract.
Revenue increased 39% to $85.5 million, Adjusted EBITDA rose to $18.2 million, and the company raised its full-year outlook by 11% and 13% respectively.
The facility expands liquidity, lowers cost of capital, and supports strategic growth with a five-year term maturing in 2031.
The approval supports the Prometheus Hyperscale Evanston Project's workforce needs.
The secondary offering of 7,000,000 shares is being sold by selling stockholders, not the company.
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