 THE WOODLANDS, Texas, March 30, 2021 PRNewswire -- Target Hospitality Corp. Target Hospitality, Target or the Company NASDAQ: TH, the largest provider of vertically-integrated specialty hospitality accommodations with premium food management and value-added hospitality services in the U.S., today reported results for the fourth quarter and year ended December 31, 2020. Financial and Operational Highlights for the Year Ended 2020 Revenue of 225.1 million for the year ended December 31, 2020 as compared to 321.1 million for the same period in 2019 Net loss of 27.5 million for the year ended December 31, 2020, compared to net income of 6.2 million for full year 2019 Basic and diluted loss per share of 0.29 for the year ended December 31, 2020 Adjusted EBITDA1 of 78.5 million for the year ended December 31, 2020, compared to 159.2 million for the same period in 2019 Strong cash generation with net cash provided by operating activities of 46.8 million and Discretionary Cash Flow DCF 1 of 45.9 million for the year ended December 31, 2020 Strong balance sheet with liquidity of 84.0 million as of December 31, 2020 Utilized 32 million of 2020 discretionary cash flow to reduce borrowings under the Companys revolving credit facility TC Energy Corporations Keystone XL pipeline project contributed approximately 41.9 million in revenue for the year ended December 31, 2020 Secured approximately 383 million in minimum revenue contracts, backed by the United States Government, including a new 118 million contract providing a suite of comprehensive service offerings supporting humanitarian aid efforts Executive Commentary As the 2020 macroeconomic outlook became increasingly uncertain, Target took aggressive actions to align the business with customer demand, while maintaining focus on preserving our financial strength. 