Target Hospitality raised its 2026 outlook, now expecting revenue of $410 million to $420 million and adjusted EBITDA of $85 million to $95 million, driven by strong growth in its Workforce Hospitality Solutions segment. Second-quarter WHS revenue rose 142% year over year to approximately $36 million, with more than 9,000 contracted beds secured since January and over $1.4 billion in multiyear contracts. The company plans $490 million to $510 million in capital spending to build new workforce communities, and its active pipeline exceeds 20,000 beds, primarily tied to AI data centers, power generation and critical-minerals projects. Management expects 2027 annualized revenue above $700 million and adjusted EBITDA above $260 million based on existing contracts.
Target Hospitality CorpRaises 2026 outlook on strong workforce housing demand, with Q2 WHS revenue up 142% and over 9,000 contracted beds secured.
