Exhibit 99.1 Target Hospitality Reports Strong First Quarter 2024 Results Centered on Strength of Core Service Offering Further Enhancing Financial Position THE WOODLANDS, Texas, May 8, 2024 (PRNewswire) – Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended March 31, 2024. Financial and Operationa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38343 TARGET HOSPITALITY CORP. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Emp ...

Target Hospitality Corp (NASDAQ:TH) Q4 2023 Results Conference Call March 13, 2024 9:00 AM ET Company Participants Mark Schuck - Senior Vice President of Investor Relations & Financial Planning Brad Archer - President and Chief Executive Officer Jason Vlacich - CFO & Chief Accounting Officer Conference Call Participants Scott Schneeberger - Oppenheimer Alec Scheibelhoffer - Stifel Greg Gibas - Northland Securities Operator Good morning, ladies and gentlemen, and welcome to the Target Hospitality Year-end 20 ...

Exhibit 99.1 Financial and Operational Highlights Executive Commentary "Our strong 2023 results illustrate the benefit of our efficient operating platform, which we have strategically enhanced over the past several years. This platform continues to support our ability to appropriately match dynamic changes in customer demand, while consistently achieving our financial goals," stated Brad Archer, President and Chief Executive Officer. Target Hospitality Reports Impressive 2023 Results Further Strengthening F ...

Revenue Performance - For the three months ended September 30, 2023, the company experienced a revenue decrease of $13.6 million, or 9%, compared to the same period in 2022, primarily due to lower revenue from the Government segment [168]. - Total revenue for Q3 2023 was $145.9 million, a decrease of 9% from $159.6 million in Q3 2022, driven by a decline in both services income and specialty rental income [191]. - Services income decreased to $93.5 million in Q3 2023 from $103.0 million in Q3 2022, primarily due to lower variable services revenue in the Government segment [192]. - Specialty rental income fell to $52.4 million in Q3 2023 from $56.6 million in Q3 2022, attributed to lower variable leasing revenue in the Government segment [195]. - Total revenue for the nine months ended September 30, 2023, was $437.4 million, a 25% increase from $349.5 million in the same period of 2022 [207]. - Revenue for the Government segment was $316.2 million for the nine months ended September 30, 2023, a 29% increase from $245.0 million in the same period of 2022 [232]. - The HFS - South segment reported revenue of $112.5 million for the nine months ended September 30, 2023, a 15% increase from $97.8 million in the prior year [234]. Profitability - The company generated net income of approximately $45.6 million for the three months ended September 30, 2023, compared to approximately $19.0 million for the same period in 2022, attributed to decreased service costs and lower interest expenses [168]. - Net income for Q3 2023 was $45.6 million, a significant increase of 140% from $19.0 million in Q3 2022 [191]. - Net income for the nine months ended September 30, 2023, was $135.9 million, reflecting a 221% increase from $42.4 million in the same period of 2022 [206]. - Gross profit increased by 5% to $86.8 million in Q3 2023, compared to $82.8 million in Q3 2022 [191]. - Operating income rose by 13% to $67.7 million in Q3 2023, up from $59.9 million in Q3 2022 [191]. - Adjusted gross profit for the Government segment increased to $266.8 million for the nine months ended September 30, 2023, compared to $159.5 million in the prior year, reflecting a 67% growth [233]. Cash Flow and Debt Management - Cash inflows from operations for the nine months ended September 30, 2023, were approximately $118.5 million, a decrease of $139.3 million or 54% from $257.8 million for the same period in 2022 [167]. - The company reduced its outstanding debt balance on the 2024 Senior Secured Notes by $125 million or 37% during the nine months ended September 30, 2023 [167]. - Interest expense, net, decreased by approximately $3.9 million or 44% during the three months ended September 30, 2023, compared to the same period in 2022 [167]. - Interest expense, net decreased to $17.7 million for the nine months ended September 30, 2023, from $28.1 million in the prior year, driven by a lower outstanding debt balance after redeeming $125 million of the 2024 Senior Secured Notes [217]. - The company incurred a net decrease in cash and cash equivalents of $76.6 million for the nine months ended September 30, 2023, compared to an increase of $153.6 million in the prior year [243]. - Net cash used in financing activities increased significantly to $134.2 million for the nine months ended September 30, 2023, compared to $0.6 million in the same period of 2022 [246]. Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2023, totaled approximately $60.8 million, with $27.8 million attributed to the Government segment [240]. - The Company made an $18.6 million acquisition of community assets in January 2023, contributing to growth capital expenditures in the HFS – South segment [245]. - Net cash used in investing activities decreased to $60.9 million for the nine months ended September 30, 2023, from $103.7 million in the same period of 2022, primarily due to reduced growth capital expenditures in the Government segment [245]. Future Outlook and Risks - The company expects its business to continue to be influenced by factors such as capital spending on natural resource development and government housing programs [171]. - One major customer accounted for 63% of revenues for the nine months ended September 30, 2023, indicating a high concentration of revenue risk [255]. - The company does not currently hedge its exposure to commodity prices, which may affect profitability and cash flows due to volatility in commodity prices [283].

Target Hospitality Corp. (NASDAQ:TH) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Mark Schuck - Senior Vice President of Investor Relations & Financial Planning Brad Archer - President & Chief Executive Officer Eric Kalamaras - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Stephen Gengaro - Stifel Gregory Gibas - Northland Securities Operator Good day and welcome to the Target Hospitality Third Quarter 20 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38343 TARGET HOSPITALITY CORP. (Exact name of registrant as specified in its charter) incorporation or organization) Ident ...

Target Hospitality Corp. (NASDAQ:TH) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Mark Schuck - SVP, IR & Financial Planning Brad Archer - President and CEO Eric Kalamaras - EVP and CFO Conference Call Participants Scott Schneeberger - Oppenheimer Stephen Gengaro - Stifel Greg Gibas - Northland Security Operator Hello, and welcome to the Target Hospitality Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Pl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38343 TARGET HOSPITALITY CORP. (Exact name of registrant as specified in its charter) incorporation or organization) Iden ...

Target Hospitality Corp. (NASDAQ:TH) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Mark Schuck – Senior Vice President-Investor Relations Brad Archer – President and Chief Executive Officer Eric T. Kalamaras – Executive Vice President and Chief Financial Officer Conference Call Participants Greg Gibas – Northland Securities Alec Scheibelhoffer – Stifel Operator Good morning, and welcome to the Target Hospitality First Quarter 2023 Earnings Conference Call. All participants wil ...