Target Hospitality Secures Over $550 Million Multi-Year Contract With Top Five Hyperscaler Supporting A Data Center Development

April 1 (Reuters) - Target Hospitality Corp TH.O:

• TARGET HOSPITALITY SECURES OVER $550 MILLION MULTI-YEAR CONTRACT WITH TOP FIVE HYPERSCALER SUPPORTING A DATA CENTER DEVELOPMENT

• TARGET HOSPITALITY CORP - CONTRACT INCLUDES TWO TWO-YEAR EXTENSION OPTIONS THROUGH JANUARY 2035

• TARGET HOSPITALITY CORP - CONTRACT PROVIDES POTENTIAL VARIABLE REVENUE OF ABOUT $20 MILLION-$40 MILLION ANNUALLY AFTER COMPLETION

• TARGET HOSPITALITY CORP OUTLOOK FY26 TOTAL REVENUE BETWEEN $360 AND $370 MILLION

• TARGET HOSPITALITY CORP - EXPECTS ANNUALIZED REVENUE EXCEEDING $500 MILLION, ANNUALIZED ADJUSTED EBITDA ABOVE $160 MILLION BY MID-2027