 THE WOODLANDS, Texas, Aug. 11, 2021 PRNewswire -- Target Hospitality Corp. Target Hospitality, Target or the Company NASDAQ: TH, North Americas largest provider of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended June 30, 2021. Financial and Operational Highlights for the Second Quarter 2021 Revenue of 75.0 million for the three months ended June 30, 2021, as compared to 53.6 million for the same period in 2020 Net loss of 0.9 million for the three months ended June 30, 2021, compared to a net loss of 13.7 million for second quarter 2020 Basic and diluted loss per share of 0.01 for the three months ended June 30, 2021 Adjusted EBITDA1 of 31.9 million for the three months ended June 30, 2021, compared to 13.4 million for the same period in 2020 Executing on premier customer diversification with approximately 60 of second quarter 2021 revenue related to committed revenue contracts backed by the United States Government Strong cash generation with net cash provided by operating activities of 67.4 million and Discretionary Cash Flow DCF 1 of 65.8 million for the three months ended June 30, 2021 Continued strengthening customer demand with second quarter utilization of 72, representing the fourth consecutive increase in quarterly utilization Approximately 73 of 2021 revenue under committed revenue contracts, with approximately 54 of 2021 revenue related to government services As of August 11, 2021, zero outstanding borrowings under the Companys 125 million credit facility, representing a reduction of year-to-date 2021 outstanding borrowings of 70 million and more than 175 million of total available liquidity Executive Commentary Targets strong second quarter results are a direct reflection of the deliberate actions taken in 2020 to appropriately position the Company, amidst an uncertain operating environment, to take advantage of a more balanced market. 