Target Hospitality’s Q3 sales rose 30%, and adjusted EBITDA, a profit measure, rose 59%. It also secured more than $1.7 billion in multi-year awards for over 10,000 beds, supporting stronger prospects despite 2027 sales being only a projection.
The awards give Target Hospitality work to bring into service, and management says more beds will come online. It kept its 2026 forecast and expects annual sales above $750 million by the end of 2027. That last figure is a projection, not completed sales.
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