Jun 2026 (Q2 FY26) — Aug 10, 2026
Target Hospitality Q2 FY26 — Strong WHS Growth and Increased Outlook
Read the full callTarget Hospitality (TH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Target Hospitality earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 85.5 | +38.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -8.8 | +18.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -9.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$15.32 −0.91% · −$0.14
Performance +118.9% 1Y
1Y: $7 on 17 Oct 2025 → $15.32. High $21.45 (24 Sept 2026), low $6.22 (13 Nov 2025).
- Previous close
- $15.46
- 52-week range
- $6.22 – $21.45
- One year
- +113.97%
Overview
- Symbol
- TH
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Target Hospitality earnings calls (TH)
Financials
What the filings say
Net profit, year on year: +39% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 95 | 84 | 70 | 62 | 99 | 90 | 73 | 85 |
| Operating profit | 28 | 21 | -1 | -17 | 0 | -17 | -14 | -7 |
| Operating margin | 29.4% | 24.9% | −1.5% | −27.5% | 0.1% | −18.7% | −19.7% | −8.8% |
| Profit before tax | 24 | 17 | -8 | -18 | -0 | -17 | -15 | -9 |
| Tax rate | 16.9% | 25.6% | 16.9% | 16.4% | −94.6% | 13.0% | 14.8% | −5.6% |
| Net profit | 20 | 13 | -6 | -15 | -1 | -15 | -13 | -9 |
| EPS ($ per share) | 0.20 | — | -0.07 | -0.15 | -0.01 | — | -0.13 | -0.09 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 31 | 43 | 18 | 14 | 88 | 261 | 332 | 295 |
| Total liabilities | 216 | 480 | 435 | 416 | 571 | 317 | 305 | 141 |
| Fixed assets | 294 | 354 | 311 | 292 | 357 | 349 | 321 | — |
| Total assets | 565 | 534 | 534 | 513 | 772 | 694 | 726 | 530 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 26 | 60 | 47 | 105 | 306 | 157 | 152 | 74 |
| Cash from investing | -221 | -113 | -11 | -36 | -140 | -68 | -29 | -68 |
| Cash from financing | 195 | 47 | -36 | -52 | -7 | -166 | -36 | -189 |
| Net cash flow | -0 | -6 | 0 | 16 | 158 | -78 | 87 | -182 |
| Capital expenditure | -1 | -0 | -0 | -0 | -21 | -3 | -1 | -1 |
| Free cash flow | 25 | 60 | 46 | 104 | 285 | 154 | 151 | 73 |
Insider filings
75 filings between Oct 20, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$2.36M
4 purchases by 3 insiders
Sales
$202.70M
5 sales by 2 insiders
80% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 28
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 18 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TDR Capital II Investments LP | — | $202.40M | Oct 1, 2026 |
| Robertson Stephen | $1.99M | — | Dec 3, 2025 |
| Lewis Heidi Diane | — | $304.5K | Jan 20, 2026 |
| Archer James Bradley | $250.2K | — | Sep 15, 2026 |
| Schrenk Troy C. | $125.0K | — | Sep 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | TDR Capital II Investments LP 10% owner | Sale | 11,000,000 | $202.40M |
| Sep 25, 2026 | Robertson Stephen Director | Other | 78,150 | — |
| Sep 25, 2026 | Robertson Stephen Director | Other | 247,703 | — |
| Sep 25, 2026 | Robertson Stephen Director | Other | 146,741 | — |
| Sep 25, 2026 | Robertson Stephen Director | Other | 465,105 | — |
| Sep 25, 2026 | TDR Capital II Investments LP 10% owner | Other | 2,652,046 | $0 |
| Sep 18, 2026 | Schrenk Troy C. Chief Commercial Officer | Purchase | 5,907 | $125.0K |
| Sep 15, 2026 | Archer James Bradley Director and CEO and President | Purchase | 13,385 | $250.2K |
| Sep 10, 2026 | TDR Capital II Investments LP 10% owner | Other | 16,100,000 | $285.13M |
| Jun 18, 2026 | Robertson Stephen Director | Other | 13,098 | — |
| Jun 18, 2026 | Robertson Stephen Director | Other | 77,147 | — |
| Jun 18, 2026 | Robertson Stephen Director | Other | 41,515 | — |
| Jun 18, 2026 | Robertson Stephen Director | Other | 244,520 | — |
| Jun 18, 2026 | TDR Capital II Investments LP 10% owner | Other | 1,344,460 | $0 |
| Jun 17, 2026 | Robertson Stephen Director | Other | 348,475 | — |
| Jun 17, 2026 | Robertson Stephen Director | Other | 31,667 | — |
| May 29, 2026 | TDR Capital II Investments LP 10% owner | Other | 8,050,000 | $131.70M |
| May 28, 2026 | Robertson Stephen Director | Other | 71,133 | — |
| May 28, 2026 | Robertson Stephen Director | Other | 225,460 | — |
| May 28, 2026 | TDR Capital II Investments LP 10% owner | Other | 1,203,134 | $0 |
| May 21, 2026 | Jimmerson Martin L. Director | Option exercise | 16,061 | — |
| May 21, 2026 | Robertson Stephen Director | Option exercise | 20,950 | — |
| May 21, 2026 | HERNANDEZ ALEJANDRO Director | Option exercise | 16,061 | — |
| May 21, 2026 | PATENAUDE PAMELA H. Director | Option exercise | 16,061 | — |
| May 21, 2026 | Hohnsbeen Paul Director | Option exercise | 347 | — |
| May 21, 2026 | Medler Linda R Director | Option exercise | 16,061 | — |
| Apr 23, 2026 | TDR Capital II Investments LP 10% owner | Other | 8,050,000 | $106.78M |
| Mar 1, 2026 | Schrenk Troy C. SEVP, Operations & CCO | Tax withheld | 936 | $7.3K |
| Mar 1, 2026 | Archer James Bradley Director and CEO and President | Option exercise | 25,053 | — |
| Mar 1, 2026 | Schrenk Troy C. SEVP, Operations & CCO | Option exercise | 3,846 | — |
| Mar 1, 2026 | Schrenk Troy C. SEVP, Operations & CCO | Tax withheld | 1,765 | $13.7K |
| Mar 1, 2026 | Schrenk Troy C. SEVP, Operations & CCO | Option exercise | 7,252 | — |
| Mar 1, 2026 | Lewis Heidi Diane EVP, General Counsel & Sec | Tax withheld | 468 | $3.6K |
| Mar 1, 2026 | Lewis Heidi Diane EVP, General Counsel & Sec | Option exercise | 1,923 | — |
| Mar 1, 2026 | Lewis Heidi Diane EVP, General Counsel & Sec | Tax withheld | 1,123 | $8.7K |
| Mar 1, 2026 | Lewis Heidi Diane EVP, General Counsel & Sec | Option exercise | 4,615 | — |
| Mar 1, 2026 | Schuck Mark SVP, Finance & IR | Option exercise | 1,154 | — |
| Mar 1, 2026 | Schuck Mark SVP, Finance & IR | Tax withheld | 385 | $3.0K |
| Mar 1, 2026 | Schuck Mark SVP, Finance & IR | Option exercise | 1,582 | — |
| Mar 1, 2026 | Archer James Bradley Director and CEO and President | Tax withheld | 5,675 | $44.2K |
| Mar 1, 2026 | Vlacich Jason Paul CFO | Tax withheld | 468 | $3.6K |
| Mar 1, 2026 | Schuck Mark SVP, Finance & IR | Tax withheld | 281 | $2.2K |
| Mar 1, 2026 | Archer James Bradley Director and CEO and President | Option exercise | 14,423 | — |
| Mar 1, 2026 | Vlacich Jason Paul CFO | Option exercise | 1,923 | — |
| Mar 1, 2026 | Vlacich Jason Paul CFO | Tax withheld | 2,407 | $18.8K |
| Mar 1, 2026 | Vlacich Jason Paul CFO | Option exercise | 9,889 | — |
| Mar 1, 2026 | Archer James Bradley Director and CEO and President | Tax withheld | 9,858 | $76.8K |
| Feb 27, 2026 | Vlacich Jason Paul CFO | Option exercise | 13,393 | — |
| Feb 27, 2026 | Schrenk Troy C. SEVP, Operations & CCO | Tax withheld | 2,989 | $23.3K |
| Feb 27, 2026 | Archer James Bradley Director and CEO and President | Tax withheld | 16,688 | $130.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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