# Target Hospitality (TH) — Earnings

TH · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/th/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.05 |
| EPS estimate | −$0.11 |
| EPS surprise | +54.34% |
| Revenue surprise | +7.77% |
| Revenue | $85.5M |
| Revenue estimate | $79.3M |
| Reported | Aug 10, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1712189/000110465926093264/th-20260630x10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/a08af7e2-a4f5-a1e6-a09c-e809b855d235.html) |

Target Hospitality reported Q2 2026 results on August 10, 2026. The company posted a loss of $0.05 per share, narrower than the $0.11 loss expected, a 54.34% beat. Revenue was $85.5 million, about 7.8% above the $79.3 million consensus. Compared with Q2 2025, the loss narrowed from $0.15 per share and revenue rose about 39% from $61.6 million.

The longer record shows a peak in 2023 and a decline since. Annual EPS was $0.85 in 2022, $1.56 in 2023 and $0.82 in 2024, followed by a loss of $0.38 in 2025. The last six quarters were all losses; the last profit was $0.12 per share in Q4 2024. Annual revenue rose from $501.9 million in 2022 to $563.5 million in 2023, then fell to $386.3 million in 2024 and $320.7 million in 2025, about 43% below the 2023 level. The first half of 2026 brought $158.3 million, about 20% more than a year earlier. Target Hospitality beat the EPS estimate in 11 of the last 20 quarters.

Q3 results came out between November 6 and November 12 in each of the past five years, which points to early or mid-November 2026 for the next report.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 10, 2026 | −$0.11 | −$0.05 | 54.34% | $79.3M | $85.5M |
| Q1 2026 | May 11, 2026 | −$0.10 | −$0.13 | -33.33% | $73.2M | $72.8M |
| Q4 2025 | Mar 11, 2026 | −$0.12 | −$0.15 | -22.45% | $85.8M | $89.8M |
| Q3 2025 | Nov 6, 2025 | −$0.06 | −$0.01 | 82.36% | $84.8M | $99.4M |
| Q2 2025 | Aug 7, 2025 | −$0.11 | −$0.15 | -40.58% | $56.4M | $61.6M |
| Q1 2025 | May 19, 2025 | −$0.02 | −$0.07 | -200.43% | $65.4M | $69.9M |
| Q4 2024 | Mar 26, 2025 | $0.07 | $0.12 | 79.91% | $80.1M | $83.7M |
| Q3 2024 | Nov 12, 2024 | $0.12 | $0.24 | 92.30% | $87.9M | $95.2M |
| Q2 2024 | Aug 7, 2024 | $0.17 | $0.22 | 31.19% | $100.6M | $100.7M |
| Q1 2024 | May 8, 2024 | $0.15 | $0.24 | 62.37% | $102.0M | $106.7M |
| Q4 2023 | Mar 13, 2024 | $0.25 | $0.31 | 25.66% | $118.0M | $126.2M |
| Q3 2023 | Nov 8, 2023 | $0.43 | $0.43 | -0.76% | $140.8M | $145.9M |
| Q2 2023 | Aug 9, 2023 | $0.37 | $0.44 | 18.92% | $134.6M | $143.6M |
| Q1 2023 | May 9, 2023 | $0.39 | $0.38 | -3.38% | $137.6M | $147.8M |
| Q4 2022 | Mar 10, 2023 | $0.39 | $0.37 | -3.87% | $148.3M | $152.4M |
| Q3 2022 | Nov 9, 2022 | $0.55 | $0.20 | -63.64% | $158.2M | $159.6M |
| Q2 2022 | Aug 9, 2022 | $0.17 | $0.27 | 61.37% | $104.6M | $109.6M |
| Q1 2022 | May 10, 2022 | $0.01 | $0.01 | -24.81% | $79.8M | $80.3M |
| Q4 2021 | Mar 10, 2022 | −$0.02 | $0.03 | 279.64% | $75.4M | $81.7M |
| Q3 2021 | Nov 12, 2021 | $0.02 | $0.10 | 377.00% | $77.5M | $89.2M |

## Frequently Asked Questions

### When did Target Hospitality (TH) last report earnings?

Target Hospitality last reported on Aug 10, 2026, covering fiscal Q2 2026.

### Did TH beat earnings estimates?

Yes. Target Hospitality reported EPS of −$0.05 for Q2 2026 against a −$0.11 estimate — a 54.34% beat.

### How much revenue did TH report last quarter?

Target Hospitality reported $85.5M in revenue for Q2 2026, against a consensus estimate of $79.3M.

---

Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).