Target Hospitality reported stronger second-quarter results and lifted its full-year 2026 guidance after securing more than $1.4 billion of multi-year contract awards since January 2026. The company said the awards cover more than 9,000 beds in its Workforce Hospitality Solutions segment, where demand is being driven by AI-linked data center, power generation and other critical infrastructure projects. Revenue for the three months ended June 30, 2026 rose 39% year over year to $85.5 million, while Adjusted EBITDA (a profit metric that excludes certain costs) climbed to $18.2 million from $3.5 million. Net loss narrowed to $9.0 million from $14.9 million. Target also pointed to year-to-date operating cash flow of $111.0 million and discretionary cash flow of $108.2 million, helped by customer advance payments tied to recent contract wins. As of June 30, 2026, total available liquidity stood at about $141 million with net leverage of 0.6x, and on July 24 the company closed a new $660 million asset-based revolving credit facility (loan backed by assets) that it said expands liquidity and could cut borrowing costs by up to 250 basis points. The company raised its 2026 outlook to revenue of $410 million to $420 million and Adjusted EBITDA of $85 million to $95 million, up 11% and 13%, respectively, and said total capital expenditures are expected to be $490 million to $510 million, excluding acquisitions. It also said existing contracts alone support a projection of annualized revenue above $700 million and annualized Adjusted EBITDA above $260 million exiting 2027, assuming about $30 million of annual variable revenue from WHS contract awards above committed minimums and no contribution from the commercial pipeline.