Target Hospitality lifts 2026 revenue outlook to $435 million-$445 million

Reuters2026/08/26 10:46

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Target Hospitality raised full-year 2026 guidance following a new multi-year lease and services deal for a hyperscaler data center project.
Revenue outlook lifted to USD 435-445 million; adjusted EBITDA forecast increased to USD 105-115 million.
Update reflects a contract expected to generate about USD 250 million of revenue through August 2030.
Project targets housing and services for about 1,100 workers; initial occupancy expected in Q3 2026.
Capital needs for site modifications projected below USD 15 million; 2026 capex outlook set at USD 490-510 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Hospitality Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608260645PR_NEWS_USPR_____DA33612) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Target Hospitality lifts 2026 revenue outlook to $435 million-$445 million

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