Target Hospitality Corp. (NASDAQ:TH) Q4 2022 Earnings Call Transcript

Brad Archer: We’re starting to see some movement on price, and that’s not huge but, as Eric said, there’s always that lag. It’s not going to be a huge mover for us, because we have a lot of long-term contracts that are already baked in. But as we come up on renewals and high grading customers, we’re having a much better outcome on those negotiations. So not sure you’ll see a huge move, but it’s nice to see that we are getting some of those now and higher utilization. I think overall, we really over the past couple of years looking at the consolidated portfolio, right? When we look at margins, when we look at growth, what can we do to maximize every room in our portfolio? So when we look at that, we look at it holistically whether that’s with government, whether that’s with rarer type companies, or if that’s the oil and gas side. And I think the team has done a tremendous job in really capturing that for us.

Stephen Gengaro: Yes. Thank you. That’s helpful color. I mean the feedback we get is very positive. So it dovetails with what you just said. So thanks.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Brad Archer for any closing remarks.

Brad Archer: Thanks again for joining us on the call today, and we look forward to speaking to you again in May when we deliver our first quarter numbers. Thanks.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.