Target Hospitality Corp - Ordinary Shares - Class A

NASDAQ:TH   3:59:59 PM EDT
-0.10 (-8.12%)
Other Pre-Announcement

Target Hospitality Sees FY 2020 Revenue $207 Million To $212 Million

Published: 09/30/2020 10:58 GMT
(TH) - Sees FY 2020 Revenue $207 Million to $212 Million.
Has Continued to See Steady Improvements in Its Operating Metrics During Q3.
Demand for Co's Permian Basin Accommodations Continues to Improv.
Target Hospitality - Has Made Progress in Renewal Discussions for Its Government Services Contract.
Anticipates a Positive Outcome for a Contract Renewal, by End of 2020.
Sees 2020 Adjusted EBITDA Between $67 and $72 Million.
Anticipates Positive Trends Will Continue, at Moderated Pace, Through Rest of Year and Into 2021.
Sees 2020 Total Capital Spending Between $8 and $12 Million, Excluding Acquisitions.
Target Hospitality - Anticipates Limited Activity Related to Tc Energy Corp's Keystone Xl Pipeline Project for Remainder of 2020.
Sees 2020 Discretionary Cash Flow Between $27 and $32 Million.