Target Hospitality (NasdaqCM:TH) Q4 2025 Earnings call March 11, 2026 09:00 AM ET Company ParticipantsBrad Archer - President and CEOJason Vlacich - CFOMark Schuck - Senior Vice President of Investor Relations and Financial PlanningRaj Sharma - Managing Director, Equity ResearchStephen Gengaro - Managing DirectorConference Call ParticipantsGreg Gibas - VP and Senior Research AnalystNone - AnalystOperatorGood morning, ladies and gentlemen, and welcome to the Target Hospitality fourth quarter and full year 20 ...

In response to analyst questions about priorities once the 20% program is complete, management said there has been “no change” to the capital allocation framework announced last April. Dodson said phase two is to use “no less than 75% of annual free cash flow to continue to buy back stock,” and management indicated that approach would keep leverage at about two times or less.Alongside that update, Civeo announced a new authorization to purchase up to 10% of its outstanding shares, which will become effectiv ...