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Stockholders' Equity
3 Months Ended
Mar. 31, 2026
Stockholders' Equity  
Stockholders' Equity

13. Stockholders’ Equity

Common Stock

As of March 31, 2026 and December 31, 2025, Target Hospitality had 113,450,927 and 113,094,172 shares of Common Stock issued with 100,153,997 and 99,797,242 outstanding, respectively. Each share of Common Stock has one vote.

Preferred Shares

Target Hospitality is authorized to issue 1,000,000 preferred shares at $0.0001 par value. As of March 31, 2026, no preferred shares were issued and outstanding.

Common Stock in Treasury

As of March 31, 2026, 13,296,930 shares of Common Stock for an aggregate price of approximately $57.3 million were held in treasury stock (at cost). As of March 31, 2026, the stock repurchase program had a remaining capacity of approximately $66.6 million.